ARMONK, N.Y., April 15, 2021 /PRNewswire/ -- IBM
(NYSE:IBM) today announced a definitive agreement to
acquire myInvenio, a process mining software company based in
Reggio Emilia, Italy. The
acquisition will provide organizations with data-driven software
that should help them identify the most impactful business
processes to automate using AI – including sales, procurement,
production and accounting. It also further advances IBM's hybrid
cloud and AI strategy, providing customers with a comprehensive
suite of AI-powered automation capabilities for business
automation. Financial details were not disclosed.
With the acquisition of myInvenio, IBM will help companies
overcome the challenge of streamlining business processes that are
cumbersome or create bottlenecks, slowing down innovation and
increasing costs.
Today's news underscores IBM's continued investment in providing
organizations with a one-stop shop of AI-powered automation
capabilities for business automation, including process mining,
robotic process automation (RPA) through the recent acquisition of
WDG Automation, document processing, workflow, and decisions.
All of these capabilities are tightly integrated with IBM
Cloud Pak for Business Automation and powered by Red Hat OpenShift
to run anywhere and help customers automate their entire
enterprise.
"Digital transformation is accelerating across industries as
companies face increasing challenges with managing critical IT
systems and complex business applications that span the hybrid
cloud landscape," said Dinesh
Nirmal, General Manager, IBM Automation. "With IBM's planned
acquisition of myInvenio, we are continuing to invest in
building the industry's most comprehensive suite of AI-powered
automation capabilities for business automation so that our
customers can help employees re-claim their time to focus on more
strategic work."
"Through IBM's planned acquisition of myInvenio, we are
revolutionizing the way companies manage their process operations,"
said Massimiliano Delsante, CEO,
myInvenio. "myInvenio's unique capability to automatically
analyze processes and create simulations -- what we call a 'Digital
Twin of an Organization' -- is joining with IBM's AI-powered
automation capabilities to better manage process execution.
Together we will offer a comprehensive solution for digital process
transformation and automation to help enterprises continuously
transform insights into action."
IBM's acquisition of myInvenio builds on its OEM
agreement with the company. Upon close of the acquisition, IBM
has plans to integrate myInvenio's capabilities into its
Automation portfolio, including IBM Cloud Pak for Business
Automation, IBM's hybrid cloud software for using AI to transform
business processes and help enable people to be more
productive.
myInvenio capabilities reveal inefficiencies, bottlenecks and
tasks that can benefit from automation, to help organizations
significantly reduce their operating costs and improve customer
service. Simulations can be run to assess automation opportunities
to measure the benefits of applying automation at the outset of the
automation journey. By analyzing historical process execution data
and desktop behavior, myInvenio technology can help determine
where to apply RPA bots, automated decisions, AI models, and other
automations to have the most impact on a business.
myInvenio's capabilities could also be available to IBM business
partners and IBM Global Business Services Automation practice to
assist customers to generate insights about their business
processes that could help lead to a clear data-driven roadmap for
applying automation effectively.
Using myInvenio's process mining capabilities together
with IBM AI-powered automation, an organization can streamline
their accounts receivable process by looking at interactions with
ERP and invoicing systems. The process mining software enables them
to understand if employees spend a lot of time manually examining
invoices and auditing purchase requests to find anomalies – two
processes where AI-powered automation can help to boost efficiency
and cut costs, while freeing employees to do more strategic work.
Another example involves IT ticketing systems. Companies can use
process mining to examine the most common IT requests and automate
resolution.
The transaction is subject to customary closing conditions. It
is expected to close at the end of this quarter.
For more information on today's announcement, please visit:
www.ibm.com/cloud/blog/ibm-to-acquire-myinvenio
To learn more about IBM AI-powered automation and how leading
brands like PNC Financial Services and Banco
Popular are transforming business processes to enable people
to focus on higher value work, please
visit: https://www.ibm.com/automation
Media Contact:
Hanna Smigala
IBM Media Relations
smigala@us.ibm.com
+1-203-512-5497
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SOURCE IBM