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Ibm Acquires Envizi To Help Organizations Accelerate Sustainability Initiatives And Achieve Environmental Goals

Jan 11, 2022•almost 4 years ago

Acquiring Company

International Business Machines

Acquired Company

Envizi

Armonkinformation technology & servicesInformation Technology

Description

IBM (NYSE: IBM) today announced it has acquired Envizi, a leading data and analytics software provider for environmental performance management. 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. This acquisition closed on January 11, 2022. Financial details were not disclosed.

Company Information

Company

International Business Machines

Location

1 Orchard Road

Armonk, New York, United States

About

International Business Machines Corp. (IBM) is a multinational technology and consulting corporation. It is known for its innovative computing hardware, software, and as a provider of artificial intelligence solutions. IBM has been shifting its focus towards AI and cloud services in recent years. The company has a long history, having pioneered mainframe technology.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed