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Bengaluru:  Tech major IBM on Tuesday announcing it has acquired Prescinto, a leading provider of asset performance management (APM) software-as-a-service (SaaS) for renewables, for an undisclosed sum. The acquisition will enhance the capabilities of IBM Maximo Application Suite (MAS), the company’s solution for asset lifecycle management. Moreover, it will further IBM’s leadership in the energy and utility space, an industry undergoing signific…

Inc42 Media

IBM Buys Prescinto To Expand Its Renewable Energy Efforts

Tech giant IBM has reportedly bought Bengaluru-based SaaS solar energy startup Prescinto as a part of its effort to expand its renewable energy businesses. Although IBM did not disclose the financial terms of the deal but said that the move will boost the capabilities of IBM Maximo Application Suite (MAS), its solution for asset lifecycle management.  As per ET, citing IBM’s statement, “The acquisition of Prescinto will enhance the capabilities …

Prescinto is a software-as-a-service (SaaS) platform to manage and optimize the end-to-end operations of renewable energy assets. Its acquisition will enhance the capabilities of IBM’s integrated solution for asset lifecycle management.IBM announced today it has acquired Bengaluru-headquartered Prescinto, a software-as-a-service (SaaS) platform to manage and optimize the end-to-end operations of renewable energy assets. Prescinto, founded in 201…

pv magazine India

IBM acquires Prescinto for renewables asset performance management

News Room Odisha

IBM acquires Bengaluru-based Prescinto for renewable energy asset management

IBM has announced the acquisition of Prescinto, an Indian company specialising in asset APM SaaS for the renewable energy sector.

Verdict

IBM acquires AI SaaS APM company Prescinto

Industrial research organization IBM has acquired Prescinto, an asset performance management (APM) software-as-a-service (SaaS) provider for renewables.  Prescinto raised $3.5 million in a seed round led by Venture Catalysts in March 2021. Prescinto’s capabilities use AI to enable advanced monitoring, analytics, and automation to streamline renewable energy operations and manage clean energy and storage assets.  Founded by Puneet Jaggi , Anmol J…

fundingblogger.com

IBM acquires solar-focused SaaS startup Prescinto

IBM has announced that it has acquired Prescinto, a leading provider of asset performance management (APM) software-as-a-service (SaaS) for renewables.Founded in 2016, Prescinto is a Bengaluru-based software-as-a-service (SaaS) startup specializing in asset performance management (APM) for renewable energy assets. It works with and services global customers across 14 countries with 16 GigaWatts under management. Prescinto's platform leverages ar…

IndianWeb2.com

IBM Acquires Bengaluru-based SaaS Startup Prescinto Specialized in APM for Renewable Energy Assets

IBM announced today the acquisition of renewables-focused asset performance management (APM) software provider Prescinto, in a move described by the company as aimed at furthering its leadership in the energy and utility space, as the industry seeks solutions to manage and optimize wind, solar, and other renewable energy storage assets. Founded in 2016, India-based Prescinto […]

ESG Today

IBM Acquires AI-Powered Renewables Asset Performance Management Software Provider Prescinto

Strategic purchase will not only enhance MAS but will also bolster IBM’s leadership role in renewable energy

IBM acquires Bengaluru-based Prescinto for renewable energy asset management

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