IBM acquires Prescinto for renewable energy asset performance management

Tech giant IBM has acquired Bengaluru-based firm Prescinto, a leading provider of asset performance management (APM) software-as-a-service (SaaS) for renewables.

The acquisition will enhance capabilities of IBM Maximo Application Suite (MAS), IBM’s solution for asset lifecycle management. It will further IBM’s leadership in the energy and utility space, an industry undergoing significant transformation and seeking solutions to manage and optimise wind, solar, and other renewable energy storage assets. Water, natural gas, oil, nuclear, and other energy and utility enterprises globally already utilise IBM MAS.