Innovyze, a company that provides water infrastructure data analytics software, announced that it acquired Emagin, the creator of a software that uses machine learning to optimize water operations for utilities.
“Joining Innovyze not only enables us to further our mission on a global enterprise scale, but will also unlock our ability to introduce [artificial intelligence] AI across the value chain in the water industry in a meaningful manner,” said Thouheed Abdul Gaffoor, chief executive officer of Emagin. “Ultimately, Innovyze’s customers, people, and culture are what led us to take this big step. We could not be more excited to join a community that is so well-aligned with our mission and values as innovators in the industry. We are absolutely thrilled to join the Innovyze family!”
The addition of AI technology to Innovyze’s suite of data analytics solutions will facilitate the continued growth of Innovyze.
“Innovyze and Emagin share a vision for the future,” said Colby Manwaring, chief executive officer of Innovyze. “One where innovative software technology supports and empowers the optimal delivery of clean water, safe sanitation and drainage, and protection from climate change impacts for our global society, communities, industry, and individuals. This includes leveraging advanced technologies that empower industries’ ability to manage complex and life-supporting water systems.”
“We are pleased to welcome the talented and dedicated Emagin team to the Innovyze family,” Manwaring added. “Together, we will be well-positioned to deliver even more value to our customers and the water industry.”
In emerging markets, Emagin has been working with utilities to support technological leapfrogging and has successfully deployed AI in non-digitized utilities. In established markets, it has supported progressing facilities by implementing AI to fully optimize operations and save on expenditure.
Header image credit: Emagin.