Key Impact Points:

• IBM enhances its Maximo Application Suite (MAS) with Prescinto’s AI-driven renewable energy asset management.
• Acquisition supports renewable energy optimization in solar, wind, and storage.
• IBM MAS is recognized as a market leader in asset performance and lifecycle management.

IBM has acquired Prescinto, a leading asset performance management (APM) SaaS provider for renewable energy. The acquisition strengthens IBM’s Maximo Application Suite (MAS), enhancing its ability to optimize solar, wind, and energy storage systems using AI-powered monitoring and analytics.

Why It Matters: As renewable energy assets like turbines and solar panels grow, managing them efficiently is a challenge. Prescinto’s AI tools help detect performance issues, track real-time data, and recommend actions to improve energy generation.

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“IBM’s leadership in energy and utility management will grow with this acquisition,” the company states, further highlighting its commitment to sustainability and net-zero goals. Prescinto’s capabilities will enable real-time tracking and proactive maintenance, ensuring optimal performance of renewable assets.

Industry Position: IBM’s MAS has been named a leader in both Enterprise Asset Management and Asset Performance Management by Verdantix. IBM is the only vendor to hold the top spot in both categories, underscoring its dominance in the energy and utility sector.

Prescinto, headquartered in Bangalore, services 16 gigawatts across 14 countries. Its APM tools will allow IBM to support customers in achieving greater efficiency and maximizing returns on renewable investments.