Sphera, a leading provider of ESG performance and risk management software, data, and consulting services, has announced its acquisition of SupplyShift, a supply chain sustainability software company known for empowering businesses to build transparent, responsible, and resilient supply chains.
The acquisition aims to significantly enhance Sphera’s capabilities in tracking and reporting Scope 3 and ESG data, a growing need in today’s regulatory environment. While the financial details of the deal were not disclosed, the strategic value of the acquisition is clear, given the increasing importance of ESG considerations in global supply chains.
Sphera, with over three decades of experience, focuses on Environmental, Health, Safety & Sustainability (EHS&S), Operational Risk Management (ORM), Product Stewardship, and Supply Chain Risk Management (SCRM). They serve more than 7,000 customers and a million-plus users in 80 countries.
On the other hand, SupplyShift, founded in 2012 and based in Santa Cruz, California, has built a significant network with over 100,000 suppliers. They specialize in supply chain transparency, supplier mapping, data analytics, supplier scoring, and traceability. This acquisition enhances Sphera’s already robust portfolio with SupplyShift’s innovative supply chain solutions.
In addition to enhancing Scope 3 and ESG tracking and reporting capabilities, this acquisition is expected to foster compliance with global regulatory requirements and meet stakeholder expectations. Sphera’s CEO and President, Paul Marushka, emphasized the growing demand for transparency and the indispensable nature of SupplyShift’s solutions in meeting these evolving needs.
Marushka said, “As more regulations are passed that demand transparency, the SupplyShift solution will become indispensable in meeting global regulatory requirements and stakeholder expectations. Bringing SupplyShift’s portal into the Sphera family will expand our current offerings and enable us to provide unparalleled Scope 3 and ESG tracking and reporting capabilities. We are pleased to welcome SupplyShift’s customers, colleagues and solution to Sphera and look forward to helping our combined customer base accurately track and report their Scope 3 emissions and be compliant.”
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