Blackstone-backed Sphera completed the acquisition of SupplyShift.

Blackstone-backed Sphera, a global provider of environmental, social and governance performance and risk management software, completed the acquisition of SupplyShift, a supply chain sustainability software company. Financial terms were not disclosed. “SupplyShift has seen tremendous growth with its software solution that allows for direct communication with suppliers and customers and enables the seamless collection of their Scope 3 emissions data, which helps suppliers improve their supply chain ESG performance. As more regulations are passed that demand transparency, the SupplyShift solution will become indispensable in meeting global regulatory requirements and stakeholder expectations. Bringing SupplyShift’s portal into the Sphera family will expand our current offerings and enable us to provide unparalleled Scope 3 and ESG tracking and reporting capabilities. We are pleased to welcome SupplyShift’s customers, colleagues and solution to Sphera and look forward to helping our combined customer base accurately track and report their Scope 3 emissions and be compliant," Paul Marushka, Sphera CEO and President.