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IBM acquires Indian SaaS startup Prescinto to shine a light on renewable energy assets

ID: 6cac55b5-f15f-5418-9034-fb7e2f50ed65

STIX ID: report--6cac55b5-f15f-5418-9034-fb7e2f50ed65

Feed Name: The Register (Security)

Date Published: 2024-10-16

Date Updated: 2026-04-26

Author: Laura Dobberstein

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IBM announced its acquisition of Bangalore-based Prescinto to strengthen the Maximo Application Suite with AI-driven asset performance management for renewable energy, while Binance said it aided Delhi Police in dismantling a social-media solar investment scam tied to “M/s Goldcoat Solar,” leading to multiple arrests and the recovery of over 100,000 USDT.

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