IBM to acquire process mining specialist myInvenio

The company's products are to be integrated with IBM Cloud Pak for Business Automation

IBM's logo on the outside of a wood-panelled building

IBM has announced a definitive agreement to acquire process mining software company myInvenio, a deal which aims to advance IBM's hybrid cloud and AI strategy, as well as provide customers with a comprehensive suite of AI-powered automation capabilities.

Founded in 2013, myInvenio is a software company based in Reggio Emilia, Northern Italy, with a focus on assisting organisations in identifying the most impactful business processes to automate using AI, from sales and procurement, to production and accounting.

The company has been in a strategic business partnership with IBM since November 2020.

Although still subject to customary closing conditions, the newly-announced acquisition is expected to close at the end of the second quarter of this year, with financial details not disclosed at this time.

By acquiring myInvenio, IBM hopes to provide solutions to companies that are struggling to successfully streamline cumbersome business processes which could result in slowing down innovation, increasing costs, and creating bottlenecks.

The acquisition also builds upon last year’s purchase of WDG Automation, a Brazillian software provider specialising in robotic process automation (RPA), which marked a shift of priorities for IBM and foreshadowed its split into two separate entities. Along with WDG Automation, myInvenio’s offerings are to be integrated with IBM Cloud Pak for Business Automation.

Related Resource

The care and feeding of cloud

How to support cloud infrastructure post-migration

How to support cloud infrastructure post-migration - webinar from Trend MicroWatch now

Commenting on the newly-announced acquisition, IBM Automation general manager Dinesh Nirmal said that the company is “continuing to invest in building the industry’s most comprehensive suite of AI-powered automation capabilities for business automation”, in order to “help [customers’] employees re-claim their time to focus on more strategic work”.

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,” added Nirmal.

MyInvenio CEO Massimiliano Delsante stated that the acquisition will let the company revolutionise the management of 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,” he said.

The news comes just days after IBM unveiled the name of its managed infrastructure services business which is to become a fully-fledged public company by the end of this year. Six months after the tech giant declared that it would be splitting in two to focus on cloud growth, it has announced that the new infrastructure services spin-off, previously referred to as simply ‘NewCo’, will be named Kyndryl.

Featured Resources

Preparing for AI-enabled cyber attacks

MIT technology review insights

Download now

Cloud storage performance analysis

Storage performance and value of the IONOS cloud Compute Engine

Download now

The Forrester Wave: Top security analytics platforms

The 11 providers that matter most and how they stack up

Download now

Harness data to reinvent your organisation

Build a data strategy for the next wave of cloud innovation

Download now

Recommended

Four reasons your digital transformation project could fail
digital transformation

Four reasons your digital transformation project could fail

7 Jun 2021
Nokia's Digital Automation Cloud will power WEG's Industry 4.0 project
automation

Nokia's Digital Automation Cloud will power WEG's Industry 4.0 project

26 Apr 2021
What is digital transformation?
Business strategy

What is digital transformation?

1 Dec 2020

Most Popular

RMIT to be first Australian university to implement AWS supercomputing facility
high-performance computing (HPC)

RMIT to be first Australian university to implement AWS supercomputing facility

28 Jul 2021
UK gov considers blocking Nvidia's takeover of Arm
Acquisition

UK gov considers blocking Nvidia's takeover of Arm

4 Aug 2021
Zyxel USG Flex 200 review: A timely and effective solution
Security

Zyxel USG Flex 200 review: A timely and effective solution

28 Jul 2021