C3 AI (NYSE: AI), a leader in enterprise AI software, and Infor, a leader in ERP technology cloud, today announced a Far-reaching strategic alliance announced. The aim is to expand the enterprise-class solutions for artificial intelligence (AI) in various relevant industries in order to expand Infor’s native resources for machine learning. This allows to examine the expansion of its industrial offerings towards edge scenarios and analyze opportunities to offer more comprehensive resources beyond Infor’s standard offerings.
Infor intends to market, license and provide ready-made solutions for its C3 AI customers under the brand name Infor and new solutions for the use of the C3 AI ®Investigate suite. Infor and C3 AI expect to be able to leverage the existing digital portfolios of both companies to work together on new integrated enterprise AI applications that can meet specific industrial needs. The initial focus will be on predictive maintenance related to Internet of Things (IoT) systems. The goal is to implement a more proactive and precise maintenance strategy within Infor’s EAM (Enterprise Asset Management) solution. The partnership is structured in such a way that further verticals can be explored. It is designed to complement Infor’s existing platform technologies with advanced analytics and built-in intelligence.
“C3 AI offers an incredible range of knowledge and AI expertise to help push our boundaries,” said Kevin Samuelson, CEO of Infor. “By adding to our existing Infor product portfolio with pre-built AI applications from C3 AI that run natively in the cloud, we can expand the Infor portfolio of use cases and keep Infor in the right position to take advantage of the cognitive age pull. Thanks to this merger, Infor’s industry expertise and repertoire of platform technologies can be combined with the significant AI resources of C3 AI. Our customers can thus benefit from state-of-the-art solutions for enterprise AI. ”
“Infor provides corporate resource planning, supply chain expertise and the data platform, while C3 AI brings in the open, model-based architecture of the C3 AI Suite, which can reduce the time, complexity and costs of developing and deploying company-wide AI applications”, said Thomas M. Siebel, CEO of C3 AI. “This merger means a perfect position from which the provision of scalable, industry-specific solutions for enterprise AI can be quickly initiated. We believe that the combination of Infor and C3 AI will be a useful, stable addition to thousands of customers and prospects. ”
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“Infor, with its foundational technology, continues to play a pivotal role in our transformation in almost every one of our businesses at Koch and in almost every industry in which we operate,” said Jim Hannan, EVP and Company CEO at Koch Industries, Inc. “Thanks to the Integrating the expertise of C3 AI can enable Infor better predictive insights in real time, higher sales and satisfaction for the end user as well as the improvement of critical compliance and operational processes. With this merger, Infor customers like Koch can leverage their existing investments in Infor applications while accelerating their move to the cloud and adoption of enterprise AI. “