IBM acquires Bengaluru-based SaaS startup Prescinto

IBM has acquired Bengaluru-based SaaS startup Prescinto, which specializes in renewable energy solutions. The acquisition is part of IBM’s strategy to expand its presence in the renewable energy sector and enhance its portfolio of sustainable technology solutions. Prescinto’s platform uses advanced analytics and artificial intelligence to optimize the performance of renewable energy assets. The acquisition will enable IBM to offer more comprehensive solutions to its clients in the renewable energy industry. The financial details of the deal were not disclosed. This acquisition aligns with IBM’s commitment to promoting sustainability and supporting the global transition to clean energy11.