Riskmethods' software platform uses artificial intelligence (AI), big data, and machine learning to analyze supply chain risks in real time. It also offers the startup Tools for assessing the extent of damage and proactively preventing or minimizing risk are designed to ensure care and reduce risk costs. The startup, founded in 2013, also keeps an eye on the growing number of legal requirements.
The US company Sphera, in turn, offers software, data, and consulting services for environmental, social, and governance (ESG) performance and risk management. Riskmethods' supply chain risk management (SCRM) solution thus represents a suitable addition to Sphera's portfolio. Details of the acquisition were not disclosed.
Riskmethods: “Creating reliable and resilient supply networks”
Paul Marushka, President and CEO of Sphera, explained:
"Riskmethods' cloud-based software identifies and assesses all types of supply chain risks and helps mitigate them. This includes monitoring sustainability and ESG compliance measures in the supply chain. Riskmethods' innovative SCRM approach expands Sphera's capabilities to offer a solution for monitoring and reporting Scope 3 emissions and advances our mission to create a safer, more sustainable, and more productive world. Riskmethods' presence in Europe and the US strengthens our ability to serve our growing global customer base."
Heiko Schwarz, CEO and founder of Riskmethods, says:
"For nearly ten years, we've been helping companies mitigate supply chain risks and create reliable and resilient supply networks. Expanding Sphera's product portfolio with our advanced AI-powered solution will enable us to expand our reach globally and help even more clients manage supply chain risks. We're excited to join the Sphera family as a leading provider of ESG software, data, and consulting solutions."
And Kelly Wannop, Managing Director at Blackstone, adds:
"Blackstone's 2021 investment in Sphera reflects our conviction in Sphera's ESG mission and growth. The proposed acquisition of Riskmethods is further evidence of our commitment to supporting Sphera in expanding its operational ESG solutions."
