Although financial details were not disclosed, this acquisition is expected to bolster IBM’s hybrid cloud and AI strategy, providing customers with a more comprehensive suite of AI-powered automation capabilities for business automation – including process mining, robotic process automation (RPA), document processing, workflow, and decisions – all on Red Hat OpenShift.
“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. 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,” said Dinesh Nirmal, General Manager of IBM Automation.
IBM’s acquisition of myInvenio builds on its OEM agreement with the company, and upon close of the deal, IBM 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.
“Through IBM’s planned acquisition of myInvenio, we are revolutionizing the way companies manage their process operations. 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,” said Massimiliano Delsante, CEO of myInvenio.
As announced, myInvenio’s capabilities could also be available to IBM business partners and IBM Global Business Services Automation practice to assist in generating insights about business processes, determining where to apply RPA bots, automated decisions, AI models, and other automations.
The transaction is expected to close at the end of this quarter subject to customary closing conditions.