The data and analytics company, available as a SaaS solution and running in multi-cloud environments, serves leading brands such as Microsoft, Qantas, CBRE, Uber, abrdn and Celestica, and its software can be applied to activities across a variety of industries
Tech major IBM, for an undisclosed sum, acquired Envizi, a leading data and analytics software provider for environmental performance.
The software of the data and analytics company automates the collection and consolidation of more than 500 data types and supports major sustainability reporting frameworks.
Companies, by using Envizi with IBM’s broader AI-powered software, will be able to automate the feedback generated between their corporate environmental initiatives and the operational endpoints being used in daily business operations.
“Envizi’s software provides companies with a single source of truth for analysing 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”, explained Kareem Yusuf, General Manager at IBM AI Applications.
The data and analytics company, available as a SaaS solution and running in multi-cloud environments, serves leading brands such as Microsoft, Qantas, CBRE, Uber, abrdn and Celestica, and its software can be applied to activities across a variety of industries.
“IBM’s global reach, depth of resources and breadth of expertise will help us to scale at an unprecedented pace”, said David Solsky, CEO and Co-Founder of the data and analytics software provider -Envizi.
Last year, IBM announced plans to reach net-zero emissions by 2030.
The company said, compared to its emissions in 2010, it will reduce its greenhouse gas emissions by 65 per cent by 2025 and will also procure 75 per cent of the electricity it consumes worldwide from renewable sources by 2025.
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