Environmental, social and governance (ESG) software provider EcoOnline has acquired Edinburgh-based rival Ecometrica.
The deal should increase the Liverpool-based company's presence in the ESG market and enhances its existing platform capabilities.
Together, EcoOnline and Ecometrica will deliver a broad ESG solution across carbon accounting, framework reporting, climate risk, environmental compliance and more.
Chris Joseph, chair of EcoOnline, said: “The acquisition of Ecometrica provides a robust addition to our suite of solutions at EcoOnline.
“Our goal is to offer a holistic approach to ESG management, providing our clients with comprehensive solutions to manage, report, and deliver healthier, safer, and more responsible business.”
Richard Tipper, chair and co-founder of Ecometrica, added: “We were immediately struck by the complementary nature of the EcoOnline and Ecometrica product suites.
“The combined entity will have an unrivalled depth and breadth of service offerings on health, safety and ESG, to bring the best-in-class sustainability reporting to the EcoOnline product suite.
“This comes at an ideal time for regulations coming into place in North America and Europe.”
Ecometrica has offered climate accounting and reporting solutions since 2008, enabling companies to comply with the latest legislation.
Its platform was built from the ground up by subject-matter experts who have delivered thousands of assessments. Its modules cover a range of metrics including greenhouse gas emissions, ESG, deforestation and biodiversity.
The company integration should provide organisations with an increased ability to manage and leverage data spread broadly across sustainability, employee health and safety and environmental compliance programs.
This acquisition is a key step in EcoOnline’s strategy to build a global software vendor dedicated to the mission of protecting the environment.
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