Technology major IBM has acquired Envizi, a leading provider of data and analytics software for environmental performance management, for an undisclosed amount.
Envizi’s software automates the collection and consolidation of over 500 types of data and supports key sustainability reporting frameworks.
By using Envizi along with IBM’s larger AI-powered software, businesses will be able to automate feedback generated between their corporate environmental initiatives and the operational endpoints used in day-to-day business operations.
“Envizi’s software provides businesses with a single source of truth to analyze and understand emissions data across their business operations landscape and dramatically accelerates IBM’s growing arsenal of AI technologies to help businesses to create more sustainable operations and supply chains, ”said Kareem Yusuf, Managing Director, IBM AI Applications.
Available as a SaaS solution and operating in multi-cloud environments, Envizi serves leading brands such as Microsoft, Qantas, CBRE, Uber, abrdn and Celestica, and its software can be applied to activities in various industries.
“IBM’s global reach, breadth of resources and breadth of expertise will help us evolve at an unprecedented rate,” said David Solsky, CEO and co-founder of Envizi.
IBM last year announced its intention to achieve net zero emissions by 2030.
The company said it would reduce its greenhouse gas emissions by 65% by 2025 compared to its emissions in 2010 and that it would also source 75% of the electricity it consumes in the world from renewable sources by 2025.