I’m excited to announce that Envizi has been acquired by IBM.
You can read more about the IBM acquisition of Envizi in their official press release which can be found here.
It’s a proud day for the Envizi team and provides strong, market-based acknowledgment for the leadership position that we’ve achieved over the past 13 years. It goes without saying that we would never have reached this point in our journey, without the unwavering support of our clients and partners. Together we have battled through a challenging decade in sustainability and climate change and have emerged in a great place as governments and corporations globally embrace a low carbon future.
Our industry-leading clients, have always provided us with invaluable feedback on our product and future roadmap and played an integral role in shaping our technology platform as the market knows it today. We are incredibly grateful for their support and look forward to that continuing under our new ownership.
Today doesn’t mark the end of an era, nor the beginning of a new one. Rather, it is a transition to a structure that is going to allow us to scale at an unprecedented rate and globally help our clients accelerate progress toward their sustainability commitments. Within IBM’s Blockchain and AI Applications business, Envizi will be able to leverage a depth and breadth of resources, expertise, and tools that we could never have accessed on a stand-alone basis.
In IBM, we have found a partner with a strong product vision match and commitment to sustainability – as evidenced by their corporate 2030 net-zero commitment. By integrating Envizi with IBM’s broader AI-powered software suite, companies will be able to automate the feedback and insights generated from Envizi into the operational endpoints being used in daily business operations – a crucial step in making sustainability efforts more scalable and ensuring decarbonization goals are achieved.
On a personal note, I’m really excited to be joining IBM. I am incredibly proud to be at this point in our journey, and am very grateful to be leading the smartest, most passionate, hardworking and loyal team at Envizi. I thank them for their enormous contributions over so many years. As an entrepreneur, I feel blessed and could never have asked for more in a team. I am confident their achievements as part of IBM in the years ahead will continue to turn heads.
IBM prides itself on building “Technology that Matters”. That couldn’t be truer with respect to their investment in Envizi. Helping businesses and government to decarbonize and become more sustainable is what continues to matter most to the team at Envizi, and we are here to support our clients and partners every step of the journey.
Once again, a big thank you to everyone who has helped Envizi along the way. We look forward to working with you all for many years (and decades!) to come.
Best wishes for a healthy, happy and successful 2022!
Regards
David Solsky
CEO and Co-Founder
Envizi would like to acknowledge the outstanding support we received from our exclusive transaction advisor Torch Partners (London) and our legal counsel HWL Ebsworth Lawyers (Australia).
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