Blackstone-backed Sphera set to acquire riskmethods

• Riskmethods works with firms to protect their supply chain networks 
• Blackstone has been invested in Sphera since 2021
• The acquisition of riskmethods aims to expand Sphera’s operational ESG solutions

Blackstone-backed Sphera has entered into an agreement to acquire riskmethods, a SaaS company specialising in supply chain risk management. Riskmethods is headquartered in Munich and utilises artificial intelligence, big data and machine learning in its software platform.

“Their innovative approach to SCRM bolsters Sphera’s capabilities in offering a Scope 3 emissions monitoring and reporting solution and furthers our mission of creating a safer, more sustainable and productive world,” said Paul Marushka, Sphera’s president and CEO. “And their presence in Europe and the US reinforces our ability to serve our expanding global customer base.”

“Blackstone’s 2021 investment in Sphera reflected our conviction in Sphera’s ESG mission and growth,” said Kelly Wannop, managing director at Blackstone. “The planned acquisition of riskmethods further demonstrates our commitment to helping Sphera expand their operational ESG solutions.”

Sphera is a provider of ESG performance and risk management software, data and consulting services that focus on environment, health, safety and sustainability, operational risk management and product stewardship. The company is headquartered in Chicago.