Blackstone-backed Sphera to acquire riskmethods.

Blackstone-backed Sphera, a global provider of Environmental, Social and Governance performance and risk management software, data and consulting services, agreed to acquire riskmethods, a Munich, Germany-based, award-winning software company specializing in supply chain risk management. Financial terms were not disclosed. "riskmethods’ cloud-based software identifies, analyzes and helps mitigate all types of supply chain risk, including monitoring sustainability practices and ESG compliance in the supply chain. Their innovative approach to SCRM bolsters Sphera’s capabilities in offering a Scope 3 emissions monitoring and reporting solution and further our mission of creating a safer, more sustainable and productive world. And their presence in Europe and the US reinforces our ability to serve our expanding global customer base," Paul Marushka, Sphera President and CEO.