IBM announced today the acquisition of environmental performance data and analytics software provider Envizi. IBM will integrate Envizi with its broader AI-powered software suite, aiming to help organizations create more resilient and sustainable operations and supply chains. Terms of the transaction were not disclosed.
Envizi provides enterprises with decision support tools aimed at unlocking decarbonization-focused insights in order to help build sustainable businesses. The company’s software automates the collection and consolidation of more than 500 data types and supports major sustainability reporting frameworks, and provides easily customizable dashboards enabling analysis, management and reporting on environmental goals, opportunities and risks.
Kareem Yusuf, PhD, General Manager, IBM AI Applications, said:
“To drive real progress toward sustainability, companies need the ability to transform data into predictive insights that help them make more intelligent, actionable decisions every day. Envizi’s software provides companies with a single source of truth for analyzing and understanding emissions data across the full landscape of their business operations and dramatically accelerates IBM’s growing arsenal of AI technologies for helping businesses create more sustainable operations and supply chains.”
The transaction marks the latest move by IBM to enhance its AI-powered ESG solutions capabilities. In October 2021, the company launched the IBM Environmental Intelligence Suite (EIS), an AI-driven SaaS solution aimed at enabling companies to predict, monitor and report on environmental and climate-related risks facing their businesses, and manage their own climate initiatives. IBM stated that Envizi will integrate with EIS to help companies assess and plan for the impact of environmental conditions on their operations, assets, and supply chains, and with other solutions including IBM Maximo asset management solutions, IBM Sterling supply chain solutions and IBM Turbonomic and Red Hat OpenShift.
Additionally, Envizi will also help expand IBM Consulting’s growing sustainability practice.
David Solsky, CEO and Co-Founder, Envizi, said:
“As a leader and innovator in AI for business, IBM has decades of experience helping organizations around the world harness the power of their data and act on it. IBM’s global reach, depth of resources and breadth of expertise will help us to scale at an unprecedented pace. As part of IBM, we feel more confident than ever that we can achieve our goal of providing clients and partners with the world class tools they need to reduce their operational impacts and optimize for the low carbon future.”