Acquisition helps main ESG agency’s ongoing international growth and accelerates Scope 3 emissions monitoring and reporting providing
CHICAGO and MUNICH, Oct. 4, 2022 /PRNewswire/ — Sphera, a main international supplier of Environmental, Social and Governance (ESG) efficiency and danger administration software program, information and consulting companies, has accomplished its deliberate acquisition of riskmethods, a Munich, Germany-based software program firm that specializes in provide chain danger administration (SCRM). This acquisition helps Sphera’s continued innovation and growth in the ESG options area.
riskmethods’ software program as a service (SaaS) resolution makes use of synthetic intelligence (AI), huge information and machine studying to establish, analyze and assist mitigate all kinds of provide chain danger, together with monitoring sustainability practices and ESG compliance in the provision chain. This modern method bolsters Sphera’s capabilities in providing a Scope 3 emissions monitoring and reporting resolution.
“riskmethods’ real-time, cloud-based SCRM software helps companies to proactively manage and mitigate potential supply chain risk, which has become increasingly important with the uptick in supply chain disruptions in recent years,” mentioned Paul Marushka, Sphera’s CEO and president. “We are pleased to welcome riskmethods’ customers, colleagues and partners and look forward to the expanded capabilities we will be able to provide to our customers as a result of this partnership.”
Founded in 2013, riskmethods has seen super progress with its real-time SCRM options that allow firms to proactively handle potential provide chain danger. The firm has over 40,000 customers in greater than 225 international enterprises, screens over 1.1 million suppliers, areas and provide chains, and helps to handle advanced provide networks and mitigate provide chain danger. The firm has 4 workplaces and greater than 200 staff worldwide.
“We are excited to join forces with Sphera. It will offer us a huge lever for even faster growth and for driving our vision of resilient and sustainable supply networks with even more power,” mentioned Heiko Schwarz, riskmethods’ CEO and founder. “With Sphera’s deep industry and ESG data, riskmethods will be able to expand its customers’ ability to anticipate the compliance and ESG impacts of their suppliers.”
Kelly Wannop, Managing Director at Blackstone, mentioned, “We have strong conviction in Sphera’s ESG mission. We are pleased to welcome riskmethods to Sphera and look forward to the enhanced capabilities this partnership supports.” Eli Nagler, a Senior Managing Director at Blackstone, continued, “The acquisition of riskmethods supports Sphera’s continued innovation and expansion in the global marketplace as a leader in operational ESG and risk management solutions.”
D+ Partners and Senovo, two unique traders supporting riskmethods’ progress technique, will proceed supporting the mixed firm’s mission as shareholders of Sphera going ahead.
ReedSmith LLP and Simpson Thatcher & Bartlett LLP served as authorized advisors to Sphera and Blackstone whereas Evercore served because the monetary advisor. DLA Piper served because the sellers’ authorized advisor, and Stifel served because the monetary advisor.
About Sphera
Sphera is the main supplier of Environmental, Social and Governance (ESG) efficiency and danger administration software program, information and consulting companies specializing in Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management and Product Stewardship. For greater than 30 years, now we have served over 6,700 prospects and a million-plus customers in 80 nations to assist firms preserve their individuals protected, their merchandise sustainable and their operations productive. Learn extra about Sphera at www.sphera.com. Follow Sphera on LinkedIn.
About riskmethods
riskmethods permits organizations worldwide to establish, analyze and mitigate all kinds of provide chain danger administration (SCRM). riskmethods’ software program makes use of synthetic intelligence (AI) and machine studying to guard its prospects’ provide chain community. Its software program platform collects provider information and real-time info, distinguishes essential alerts from “noise” and offers customers with visibility throughout a number of tiers of their provide chain, to allow them to mitigate business disruption danger and obtain provide chain transparency. The firm’s 200+ staff throughout 4 workplaces worldwide serve greater than 225 enterprise prospects. More info may be discovered at www.riskmethods.web. Follow riskmethods on LinkedIn.
About Blackstone
Blackstone is the world’s largest various funding agency. We search to create constructive financial influence and long-term worth for our traders, the businesses we make investments in, and the communities in which we work. We do that through the use of extraordinary individuals and versatile capital to assist firms remedy issues. Our $941 billion in belongings beneath administration embrace funding automobiles targeted on non-public fairness, actual property, public debt and fairness, infrastructure, life sciences, progress fairness, opportunistic, non-investment grade credit score, actual belongings and secondary funds, all on a international foundation. Further info is accessible at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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