IBM said it will acquire process mining company myInvenio as it aims to automate more business processes.
IBM has built out its automation portfolio for its hybrid cloud and AI unit. For instance, IBM recently acquired WDG Automation, a robotic process automation company. The acquired technology from myInvenio will integrated with IBM Cloud Pak for Business Automation, which runs on Red Hat OpenShift.
With IBM, myInvenio’s recommendations can be linked to automation tools. The returns on myInvenio revolve around lower operating costs, customer service gains and more efficient operations. IBM will also leverage the technology within its services units.
IBM is interested in how myInvenio’s tools are able to monitor data in areas like sales, procurement, production and accounting to help organizations identify what might be better served with more automation, which it can in turn run using RPA or other tools as needed as per Techcrunch.
The companies said the purchase will close by the end of the second quarter.