Sphera, a leading global provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services, has completed its planned acquisition of riskmethods, a Munich, Germany-based software company that specializes in supply chain risk management (SCRM). This acquisition supports Sphera’s continued innovation and expansion in the ESG solutions space.
riskmethods’ software as a service (SaaS) solution uses artificial intelligence (AI), big data and machine learning to identify, analyze and help mitigate all types of supply chain risk, including monitoring sustainability practices and ESG compliance in the supply chain. This innovative approach bolsters Sphera’s capabilities in offering a Scope 3 emissions monitoring and reporting solution.
“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,” said 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 tremendous growth with its real-time SCRM solutions that enable companies to proactively manage potential supply chain risk. The company has over 40,000 users in more than 225 global enterprises, monitors over 1.1 million suppliers, locations and supply chains, and helps to manage complex supply networks and mitigate supply chain risk. The company has four offices and more than 200 employees 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,” said 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, said, “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.”