Skip to main content

Market Overview

IBM To Acquire myInvenio To Drive Business Automation Abilities

Share:
IBM To Acquire myInvenio To Drive Business Automation Abilities
  • International Business Machines Corp (NYSE: IBMinked an agreement to acquire Reggio Emilia, Italy’s process mining software company myInvenio.
  • The financial terms of the transaction were not disclosed.
  • The acquisition builds on IBM’s sustained investment in offering organizations a one-stop-shop of AI-powered business automation capabilities.
  • The acquisition also builds on IBM’s OEM agreement with myInvenio.
  • IBM planned to integrate myInvenio’s capabilities into its Automation portfolio, including IBM Cloud Pak for Business Automation, IBM’s hybrid cloud software for AI-enabled business transformation and productivity.
  • IBM held $14.3 billion in cash and equivalents as of Dec. 31, 2020.
  • Price action: IBM shares traded lower by 0.17% at $132.42 in the premarket session on the last check Thursday.
 

Related Articles (IBM)

View Comments and Join the Discussion!

Posted-In: BriefsM&A News Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com