IBM unveils acquisition of Envizi to add ESG analytics tools
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With Envizi in the fold, the tech giant will be able to expand the environmental analytics capabilities of its platform and better enable customers who undertake ESG initiatives. IBM revealed that it completed the acquisition of Envizi in a move aimed at enabling customers to accelerate environmental initiatives. Financial terms of the deal were not disclosed. IBM, founded in 1911 and headquartered in Armonk, N.Y., is a tech giant whose offerings include Cognos Analytics With Watson -- formerly Cognos Analytics -- and the IBM Cloud Pak for Data. Envizi, meanwhile, is an analytics vendor founded in 2004 and based in Eveleigh, Australia, with offices in London, San Francisco and Toronto and a specialization in environmental, social and governance (ESG) data. The vendor's AI-powered platform automates the collection and consolidation of more than 500 types of environmental data and is designed to enable users to analyze and report on their environmental goals and assess sustainability risk. Existing customers include Microsoft, Qantas, CBRE Group and Uber. According to IBM, the acquisition adds to the tech giant's growing investments in AI-powered software, which includes IBM Maximo for asset management, IBM Sterling for supply chain analysis and the IBM Environmental Intelligence Suite (EIS), which all work together to enable organizations to develop resilient and sustainable...
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