IBM has inked a definitive agreement for the acquisition of myInvenio. The proposed takeover expected to close by the end of the quarter should help advance its hybrid cloud and Artificial intelligence (AI) strategy. With myInvenio in the fold, IBM (IBM) will offer software solutions that can help companies streamline business processes and therefore focus more on strategic work. The tech giant has already confirmed plans to integrate myInvenio’s solutions into its automation portfolio. Based in Reggio Emilia, Italy, myInvenio boasts a data-driven software suite. Its solution allows organizations to identify the most useful business process for automation using AI.