- International Business Machines Corp (NYSE: IBM) inked 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.
Uncategorized
IBM To Acquire myInvenio To Drive Business Automation Abilities
International Business Machines Corp (NYSE: IBM) inked an agreement to acquire Reggio Emilia, Italy’s process mining software company myInvenio. The financial terms…
Related Posts
Morgan Stanley Maintains Equal-Weight on Regency Centers, Raises Price Target to $62
Morgan Stanley analyst Richard Hill maintains Regency Centers (NASDAQ:REG) with a Equal-Weight and raises the price target from $57.5 to $62.
Twitter Looks To Solidify E-Commerce Push With Latest Tool
Twitter Inc’s (NYSE:TWTR) Twitter Shops tool will help businesses promote up to 50 products in a digital catalog attached…
RxSight Q3 EPS $(0.65) Misses $(0.62) Estimate, Sales $5.79M Beat $5.22M Estimate
RxSight (NASDAQ:RXST) reported quarterly losses of $(0.65) per share which missed the analyst consensus estimate of $(0.62) by 4.84 percent. The company reported quarterly sales of $5.79 million which beat the analyst