Big Blue is to acquire a myInvenio, an Italian process-mining software company.
IBM says that that applying myInvenio provides customers with a AI-powered automation portfolio for business automation, having established which processes will have the greatest impact.
The portfolio includes robotic process automation (RPA), document processing, workflow and decisions โ all built on Red Hatโs OpenShift open source software. IBM owns Red Hat.
Which processes?
myInvenio is based in Reggio Emilia, Italy (pictured), and IBM says the data-driven software should help customers identify the most impactful business processes to automate using AI โ including sales, procurement, production and accounting.
IBM claims the acquisition โfurther advances IBMโs hybrid cloud and AI strategyโ to provide engterprises with a one-stop shop of AI-powered automation capabilities for business automation.
Last summer IBM acquired a Brazilian software provider of RPA, WDG Soluรงรตes Em Sistemas E Automaรงรฃo De Processos LTDA, referred to as WDG Automation.
IBMโs acquisition of myInvenio builds on its OEM agreement with the company. Massimiliano Delsante, CEO, myInvenio, commented that through the acquisition, โWe are revolutionising the way companies manage their process operations.
โmyInvenioโs unique capability to automatically analyse processes and create simulations โ what we call a โDigital Twin of an Organizationโ โ is joiningโฆIBMโs AI-powered automation capabilities to better manage process execution.โ
Automation portfolio
No financial details were disclosed, and it is expected that the deal will complete at the end of this quarter.
Upon close of the acquisition, IBM plans to integrate myInvenioโs capabilities into its Automation portfolio, including IBM Cloud Pak for Business Automation, IBMโs hybrid cloud software for using AI on business processes and boost productivity.