IBM buys Sydney-based environmental software provider Envizi

IBM has acquired Sydney-based environmental analytics software provider Envizi for an undisclosed sum, further bolstering IBM Consulting's growing sustainability offering.

Australian data and analytics company Envizi has been snapped up by IBM in the tech giant’s second local purchase in as many months. Founded in 2004 and based out of Sydney, Envizi is a global provider of data & analytics software for sustainability and energy, with IBM looking to expand its environmental performance management offering. The deal has already been finalised, with financial details undisclosed.

Envizi’s software automates the collection and consolidation of more than 500 data types, with its customisable dashboard allowing companies to analyse, manage and report on the environmental aspect of their ESG goals while identifying efficiency opportunities and sustainability risks. Its clientele includes Microsoft, Qantas, Uber, Woolworths and the Commonwealth Bank, along with IBM itself.

“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,” said IBM’s general manager of AI Applications, Kareem Yusuf. “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.”

Yusuf added that the bolt-on dramatically accelerates IBM’s growing suite of AI technologies for supporting businesses in their moves toward more sustainable operations and supply chains. Available as a SaaS solution and able to run in multi-cloud environments, the Envizi solution will integrate with other IBM offerings, including IBM Maximo asset management solutions and IBM’s Environmental Intelligence Suite.

“As a leader and innovator in artificial intelligence for business, IBM has decades of experience helping organisations around the world to harness the power of their data and act on it,” said Envizi co-founder and CEO David Solsky, who kicked off his career at PwC.

“With the might of IBM behind us we will be unstoppable, and I am energised at the prospect of helping more businesses and governments around the world accelerate towards a low carbon future.”

The acquisition follows closely on the heels of Melbourne-based cloud transformation specialist SxiQ, which was picked up in December shortly after the IBM rebranded its advisory line from Global Business Services to IBM Consulting – originally built out of its $3.5 billion purchase of PwC’s former consulting business following the Enron scandal in 2002.

Envizi marks IBM’s twenty-first acquisition since Chairman and CEO Arvind Krishna took the helm.