It is not so common for a large tech multinational to acquire an innovative Italian company to incorporate its technology and solutions into its business solution offering.
It happened with IBM, which formalized the preliminary agreement to acquire myInvenio, a Reggio Emilia startup founded in 2016 and specialized in the field of automation solutions based on artificial intelligence and open platforms, ranging from process mining applications to document processing ones. and workflows and decision-making.
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Once the transaction is completed – the closing is scheduled for the end of this quarter and the financial details have not been disclosed -, the American IT giant will set up a “data-driven” software offering supported by its own suite of automation based on artificial intelligence to help companies streamline internal processes, eliminating the risk of congestion or interruption of workflows and accelerating the technological innovation path of the same companies.
The investment in myInvenio, reads the note released by IBM, is an integral part of the strategy focused on hybrid cloud and AI of the American giant and originates from an Oem-type agreement with the Italian company, whose technologies may also be available to Big Blue business partners and the automation division within IBM Global Business Services.