Cority Acquires Reporting 21 Platform
The acquisition of Reporting 21, a top sustainability-focused SaaS platform and consultancy with headquarters in Paris, France, was announced today by Cority, a major global enterprise Environmental, Health and Safety (EHS) software provider.
Reporting 21 (previously Sirsa), a company founded in 2014, provides a cutting-edge Environmental, Social, and Governance (ESG) performance solution and expert advisory services to assist financial institutions and corporations in developing and managing their ESG data and programmes to accelerate their path to sustainability. BlackRock, L’Oreal, Eurazeo, and UBS are just a few of the over 150 clients that Reporting 21 has throughout more than 120 nations.
According to Mark Wallace, CEO of Cority, “the acquisition of Reporting 21 furthers our commitment to empowering enterprises to operate ethically and make better decisions.” With the addition of Reporting 21’s technology and team of knowledgeable advisors, we will be able to serve a wider range of clients and offer the ideal sustainability and ESG solution for each firm.
Yannick Grandjean, co-founder and CEO of Reporting 21, said, “As part of Cority, we will be even better positioned to achieve our purpose to assist enterprises not just manage their ESG data, but also report and take action. “I thank our customers and staff for their support over the past eight years and I’m excited for them.
Recent challenges from the ESG are changing not only the function of EHS, but also the technology enabling those activities. Small and mid-sized businesses and simpler operations are also subject to increasing ESG scrutiny, and market demand indicates a need for both detailed, comprehensive data collection within the most complex environments and simple, easy-to-use alternatives, according to Bill Pennington, EHS Research Director of Verdantix. Investments in current technology and/or services can hasten time-to-market and time-to-value for clients since smart solution providers understand the need to accommodate a wide range of businesses and environments.
Thoma Bravo, a well-known software investment company, owns the majority of Cority, with Norwest Venture Partners contributing further capital. Cority’s global reach has increased, and it will now employ more than 500 people to serve more than 1,400 customers.