IBM has acquired data analysis and sustainability software company Envizi. Financial terms of the deal were not disclosed.
This is the number 48 technology merger and acquisition deal that ChannelE2E has covered so far in 2022.
IBM acquires Envizi: Agreement details
Envizi, based in Sydney, Australia, has 69 employees listed on LinkedIn. Envizi investors included Accel-KKR. Major distribution partners and global systems integrators aligned with Envizi include Accenture, Blackstone Energy Services, EcoAct, Nube iO, and several energy and property management companies.
Envizi’s software allows partners and customers to focus on managing environmental performance, IBM said. The deal aligns with products and services such as IBM Maximo asset management solutions, IBM Sterling supply chain solutions and the IBM Environmental Intelligence suite, the buyer said.
IBM relies on Envizi software to help track the company’s own goals for supplying renewable electricity and reducing greenhouse gas (GHG) emissions.
IBM Acquires Energy Sustainability Company: Management Perspectives
In a prepared statement on the Envizi deal, Kareem Yusuf, managing director of IBM AI Applications, said:
“To make real progress towards sustainability, businesses need the ability to turn data into predictive information that helps them make smarter, more actionable decisions every day. Envizi’s software provides businesses with a single source of truth to analyze and understand emissions data across their business operations and dramatically accelerates IBM’s growing arsenal of AI technologies to help businesses achieve create more sustainable operations and supply chains.
Adding David Solsky, CEO and Co-Founder of Envizi:
“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. IBM’s global reach, depth of resources and breadth of expertise will help us evolve at an unprecedented rate. As a member of IBM, we are more confident than ever in our ability to meet our goal of providing our customers and partners with the world-class tools they need to reduce their operational impacts and optimize their low-emission futures. carbon.
IBM acquisitions and exits
IBM has acquired more than 20 companies since Arvind Krishna became CEO of the company. Other recent IBM acquisitions include Nordcloud, SXiQ, Taos, and BoxBoat. These deals essentially position IBM Consulting against Accenture and possibly even Kyndryl, the recent spin-off of IBM’s managed infrastructure services.
In addition to the Kyndryl spin-off, IBM sold some assets. For example, Harris acquired IBM’s i2 intelligence analytics product portfolio in January 2022. Then IBM could look to sell its ailing Watson Health division. The asking price for the losing company would be $ 1 billion.
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