Sphera completes acquisition of riskmethods, boosting the supply chain risk management space
Sphera, a g global provider of Environmental, Social, and Governance (ESG) performance and risk management software, announced it has completed its acquisition of riskmethods, a Munich, Germany-based software company that specializes in supply chain risk management (SCRM).
“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.”
This acquisition supports Sphera’s continued innovation and expansion in the ESG solutions space, according to the vendor.
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 approach will bolster Sphera’s capabilities in offering a Scope 3 emissions monitoring and reporting solution, according to the company.
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.”
D+ Partners and Senovo, two original investors supporting riskmethods’ growth strategy, will continue supporting the combined company’s mission as shareholders of Sphera going forward.
ReedSmith LLP and Simpson Thatcher & Bartlett LLP served as legal advisors to Sphera and Blackstone while Evercore served as the financial advisor. DLA Piper served as the sellers' legal advisor, and Stifel served as the financial advisor.
For more information about this acquisition, visit www.sphera.com.