IBM announced it has acquired Envizi, a leading data and analytics software provider for environmental performance management. Financial details of the deal were not disclosed.
This acquisition builds on IBM’s growing investments in AI-powered software, including IBM Maximo asset management solutions, IBM Sterling supply chain solutions and IBM Environmental Intelligence Suite, to help organizations create more resilient and sustainable operations and supply chains, the statement said.
Envizi’s solutions help streamline the management of these tasks as part of broader Environmental, Social and Governance (ESG) reporting initiatives, while also providing users with valuable sustainability insights to inform business strategy.
Envizi will also help expand IBM Consulting’s growing sustainability practice, which is designed to help clients accelerate progress toward their sustainability commitments, a statement said.
“To drive real progress toward sustainability, companies need the ability to transform data into predictive insights that help them make more intelligent, actionable decisions every day,” said Kareem Yusuf, PhD, General Manager, IBM AI Applications. “Envizi’s software provides companies with a single source of truth for analyzing and understanding emissions data across the full landscape of their business operations and dramatically accelerates IBM’s growing arsenal of AI technologies for helping businesses create more sustainable operations and supply chains.”
“As a leader and innovator in AI for business, IBM has decades of experience helping organizations around the world harness the power of their data and act on it,” said David Solsky, CEO and Co-Founder, Envizi. “IBM’s global reach, depth of resources and breadth of expertise will help us to scale at an unprecedented pace. As part of IBM, we feel more confident than ever that we can achieve our goal of providing clients and partners with the world class tools they need to reduce their operational impacts and optimize for the low carbon future.”
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