Sphera, a provider of integrated risk management software and information services with a focus on environmental health and safety, operational risk and product stewardship, has announced that it has agreed to acquire thinkstep
The firm thinkstep is a software and consulting services company based in Stuttgart, Germany, specialising in corporate sustainability and product stewardship. The deal is pending customary German regulatory approvals for mergers and acquisitions.
In recent years, by following an attractive growth trajectory, thinkstep has successfully transformed its business model into a software-as-a-service-based solution.
Paul Marushka, Sphera’s president and CEO, said, “thinkstep’s cloud-based and on-premise software, data and expertise in the corporate sustainability and product stewardship markets advance our mission of creating a safer, more sustainable and productive world.”
“thinkstep’s presence in EMEA and APAC extends our geographic footprint in serving our global customer base,” he added.
The software company's corporate sustainability software, implementation and consulting services simplify enterprise-wide sustainability reporting, risk management, audits, strategy and resource optimisation. The company’s product stewardship software and consulting services help design more sustainable products and manage product compliance throughout the lifecycle.
Jan Poulsen, thinkstep’s CEO, commented, “thinkstep offers our customers more than 30 years of experience in the field of sustainability. Adding our advanced software solutions, extensive LCA and eco-profile databases, and sustainability expertise to Sphera’s environmental health and safety solutions is a very attractive business combination that will allow us to serve our extensive customer base more broadly going forward.”
“We are excited to be joining Sphera and thank our former partners Gimv and Next47 for their expertise and strategic support in developing our business model successfully,” he noted.
