CHICAGO and MUNICH - (BUSINESS WIRE) - Sphera, a global leader in software, data and consulting services for performance and risk management in the environmental, social and governance (ESG) fields, announces that it has entered into an agreement to acquire multiple award-winning riskmethods German software company based in Munich, specializing in supply chain risk management (SCRM).
Riskmethods 'Software as a Service (SaaS) solution, which was founded in 2013, leverages cutting-edge artificial intelligence (AI), big data and machine learning technologies to secure customers' supply chain networks. Its software platform receives supplier data and information in real time, distinguishes critical signals from unnecessary elements, and provides users with detailed supplier status, allowing them to avoid the risk of business interruption before it occurs and achieve transparency. of the logistics chain.
“Riskmethods' cloud-based software identifies, analyzes and helps mitigate all types of supply chain risks, including monitoring sustainability practices and ESG compliance in the supply chain. This company's innovative approach to SCRM strengthens Sphera's capabilities in offering a Scope 3 emission control and reporting solution and contributes to our mission to create a safer, more sustainable and productive world, "he commented. Paul Marushka, president and CEO of Sphera. "And the presence of riskmethods in Europe and the United States consolidates our ability to serve our growing global customer base."
Reliable tool for managing risk in increasingly complex supply chains, and also manages ever-increasing regulatory compliance. With global enterprises operating in a world of disruption and turbulence, such as pandemics and climate change, to name a few, riskmethods offers real-time SCRM solutions that enable companies to proactively manage potential supply chain risks and ensure compliance with emerging operational and ESG regulations.
“Over the past decade, riskmethods has enabled enterprises to control risk in the supply chain and build reliable logistics networks,” said Heiko Schwarz, CEO and founder of riskmethods. “The addition of our advanced SCRM software solution, based on artificial intelligence and machine learning, to Sphera's product portfolio will allow us to expand our presence around the world and help even more customers manage supply risk. chain. We are thrilled to join Sphera's family of ESG solutions, a leader in ESG software, data and consulting. ”
“Blackstone's investment in Sphera in 2021 reflected our belief in Sphera's mission and ESG growth. The planned acquisition of riskmethods further demonstrates our commitment to helping Sphera expand the company's ESG operational solutions ”. Eli Nagler, Blackstone Senior General Manager, continued: "We are thrilled to welcome riskmethods to Sphera and want to bring these SCRM solutions to even more customers."
ReedSmith LLP and Simpson Thatcher & Bartlett LLP acted as legal counsel to Sphera and Blackstone, while Evercore acted as financial advisor. For the seller, DLA Piper acted as legal advisor and Stifel as financial advisor.
Sphera is a leader in software for performance and environmental, social and governance (ESG) risk management, data and consulting services focused on environment, health, safety and sustainability (EHS & S), operational risk management and management responsible for the products. For over 30 years we have served over 6.700 customers and more than one million users in 80 countries to help companies ensure employee safety, product sustainability and operational productivity. For more information on Sphera consult the website www.sphera.com. Follow Sphera up LinkedIn.
riskmethods enables organizations around the world to identify, analyze and mitigate any type of supply chain risk management (SCRM). Riskmethods software uses artificial intelligence (AI) and machine learning to protect customers' supply chain networks. Its software platform receives supplier data and information in real time, distinguishes critical signals from unnecessary elements, and gives users multi-layered visibility into their supply chain, thus enabling them to mitigate the risk of business disruption and gain the supply chain transparency. The company's 200+ employees serve more than 225 professional clients from riskmethods' 4 offices around the world. For more information visit the website www.riskmethods.net.
Blackstone is one of the leading alternative investment firms in the world. The goal is to create a positive economic impact and long-term value for investors, the companies we invest in and the communities in which we operate. We work with amazing people and flexible capital to help companies solve problems. Our assets under management, valued at US $ 941 billion, include investment vehicles focused on private equity, real estate, public and capital debt, infrastructure, life sciences, growth stocks, opportunistic credit and non-investment grade credit , real assets and secondary funds, all on a global basis. For more information visit the website www.blackstone.com. Follow Blackstone on Twitter: @Blackstone.
The original text of this announcement, written in the source language, is the official version that is authentic. The translations are offered solely for the reader's convenience and must refer to the text in the original language, which is the only legally valid one.
Astrid Dickinson
Aspect Group
sphera@aspectusgroup.com
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