Emagin acquired by Innovyze to Optimize Water Operations
9 December 2019 – Innovyze, the global leader in water infrastructure data analytics software, announced today that Emagin has joined Innovyze. Taking part in the first iteration of the United Utilities Innovation Lab, Emagin is a creator of groundbreaking artificial intelligence (AI) and machine learning (ML) software, designed to predict and optimize water operations for utilities, food and beverage, pulp and paper, chemical production plants, and other businesses, globally. The addition of AI technology to Innovyze’s suite of data analytics solutions is an exciting advancement in the management of water operations and will promote the continued growth of Innovyze as a global leader.
“Innovyze and Emagin share a vision for the future,” says Innovyze CEO, Colby Manwaring. “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.”
Mr. Manwaring continued, “We are pleased to welcome the talented and dedicated Emagin team to the Innovyze family. Together, we will be well-positioned to deliver even more value to our customers and the water industry.”
Emagin’s AI platform is designed to learn continuously from a system’s ever-changing patterns and can provide actionable knowledge for effective decision-making. With Emagin, Innovyze will enable AI across the entire water sector – plant, network, and industry such as pulp/paper, bottling plants and consumer packaged goods where water treatment or filtration are involved and require costs, energy and up time to be optimized.
Thouheed Abdul Gaffoor, CEO of Emagin, says, “Joining Innovyze not only enables us to further our mission on a global enterprise scale, but will also unlock our ability to introduce AI across the value chain in the water industry in a meaningful manner. 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!”
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. Emagin was recognized in the international water sector by BlueTech and Global Water Intelligence.
Innovyze has a long history of providing leading data analytics software that helps utilities identify and solve problems within their systems before they arise, to mitigate situations in progress through live data analysis, and to prioritize investment and management of physical assets. Emagin’s intelligent technology is the perfect fit to support professionals around the world in maintaining effective and safe water systems.
Innovyze empowers water professionals around the world to create, manage, and maintain water services. We are the global leader in water infrastructure data analytics software, providing enduring support for customer success. More than 3,000 customers in nearly 60 countries use our solutions to plan, design, manage, optimize, and maintain water and wastewater networks and assets.
Emagin uses the power of artificial intelligence to learn from past patterns, predict events and optimize water system operations with the knowledge of tomorrow. Emagin was founded in the Toronto-Waterloo Region Corridor, Canada’s emerging tech hub. Bringing together expertise in process engineering, digital technology, and business, Emagin has transformed from an idea into a global business.