Menu

IoT FEATURE NEWS

Genpact Acquires PNMsoft: Lean Digital Strategy Takes Big Step

By

Genpact, a global digitally-powered business process management and services provider, has announced a definitive agreement to acquire PNMsoft,  a Gartner Magic Quadrant-rated dynamic workflow, case management and work optimization solutions provider based in Israel.

“We are thrilled to be joining Genpact and look forward to integrating our iBPMS platform which also includes Case Management and Work Optimization into their growing portfolio of digital assets,” said Gal Horvitz, CEO, PNMsoft.

Because PNMsoft complements and integrates pre-existing systems of records that typically host manual process work, it will act as a core component in Genpact’s digital portfolio. The company’s roadmap comprises close to 100 digital solution components or “digital assets”.

Even though today’s digital technology and analytics capabilities are growing every day, businesses that use this type of process management are still having some difficulty. With the acquisition of PNMsoft, Genpact hopes to change this.

“PNMsoft will help us deliver agile, focused workflow interventions tightly aligned with business outcomes, that leverage data analytics in real time, use machine learning to learn over time, and utilize integrated machine intelligence,” said Sanjay Srivastava, SVP  and Chief Digital Officer, Genpact. “This is really exciting for us in our Lean Digital journey with our clients.”

Genpact can address these challenges through its Lean Digital approach, which drives practical and nimble digital solution choices from its Systems of Engagement that leverage and integrate into pre-existing systems of records. And PNMsoft’s iBPMS solutions will provide a core layer for further building out Genpact’s Lean Digital assets.

The terms of the transaction were not released and closing of the deal is based on the satisfaction of certain customary conditions and expected to happen during the third quarter.

“Genpact’s global footprint, horizontal and vertical solutions and expertise, combined with our products and services, will allow us to help a wider range of clients further transform their operations,” said Horvitz. “We will support our current clients with more resources, invest more in our technology, and provide solutions to Genpact clients. Our goal is to become the world leader in BPM and dynamic workflow.”




Edited by Ken Briodagh
SHARE THIS ARTICLE
Related Articles

Dell EMC and Nokia Team Up on Digital City Project for Semi-Autonomous Barges in Delft

By: Ken Briodagh    11/15/2018

Public-private initiative aims to alleviate city center truck congestion, reduce carbon emissions using fuel cell and IoT technologies

Read More

IoT Time Podcast S.3 Ep.42 ID R&D

By: Ken Briodagh    11/14/2018

On this episode of IoT Time Podcast, Ken Briodagh sits down with Alexey Khitrov, president, ID R&D, to talk about biometrics, IoT, AI, anti-spoofing.

Read More

IBM Names Their Finalists and Winner of the "Call for Code"

By: Chrissie Cluney    11/14/2018

IBM has named the finalists and crowned the ultimate winner of its Call for Code Global Initiative.

Read More

New Research Unveils Corporate Losses from IoT Security Missteps

By: Ken Briodagh    11/14/2018

DigiCert's 2018 State of IoT survey reveals security as the top concern as IoT takes center stage with 92 percent of companies saying it will be extre…

Read More

Sectigo Names Jason Soroko Chief Technology Officer of IoT

By: Ken Briodagh    11/14/2018

Sectigo, a commercial Certificate Authority and web security solutions provider, has named Jason Soroko as the company's chief technology officer of I…

Read More