IBM acquires RPA company myInvenio

Get a free Techzine subscription!

IBM has announced the acquisition of myInvenio. This company specialises in the automation of business processes and the various steps involved. IBM wants to incorporate the expertise of myInvenio in its own portfolio.

myInvenio specialises in business automation supported by artificial intelligence. The company offers services related to process mining, robotic process automation (RPA), document processing, workflows and decision making. The services are all built on OpenShift from IBM subsidiary Red Hat.

Streamlining business processes

IBM says that with the acquisition of myInvenio, the company wants to help companies streamline cumbersome business processes that create bottlenecks, stifle innovation and drive up costs. The company aims to become a one-stop-shop for AI-powered automation capabilities. myInvenio’s services are intended to complement those of WDG Automation, a company previously acquired by IBM.

Reactions

“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,” said Dinesh Nirmal, General Manager, IBM Automation. “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.”

“Through IBM’s planned acquisition of myInvenio, we are revolutionizing the way companies manage their process operations,” said Massimiliano Delsante, CEO, myInvenio. “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.”

Financial details not disclosed

The acquisition builds on the existing OEM agreement between IBM and myInvenio. IBM plans to incorporate the capabilities of myInvenio into its own Automation portfolio, including IBM Cloud Pak for Business Automation. It is not known how much IBM will pay for the acquisition of myInvenio.

Tip: IBM building tool for low-code AI apps with Palantir