Acquisition Furthers Investment in Sustainability & ESG Suite of Solutions and Expands Global Footprint
Toronto, ON, September 20, 2022 – Cority, a leading global enterprise Environmental, Health, and Safety (EHS) software provider, announced today the acquisition of Reporting 21, a leading sustainability-focused SaaS platform and consultancy based in Paris, France.
Established in 2014, Reporting 21 (formerly Sirsa) offers an innovative Environmental, Social, and Governance (ESG) performance solution and expert advisory services to help financial institutions and corporations accelerate their path to sustainability by developing and managing their ESG data and programs. Reporting 21 has over 150 clients in over 120 countries, including BlackRock, L’Oreal, Eurazeo, and UBS.
“The acquisition of Reporting 21 furthers our commitment to empowering organizations to operate responsibly and make better decisions,” said Mark Wallace, CEO of Cority. “The addition of both the Reporting 21 technology as well as its team of experienced advisors will enable us to serve a broader spectrum of customers and provide the right sustainability and ESG solution for every organization.”
“As part of Cority, we will be even better positioned to fulfill our mission to help organizations not only manage their ESG data, but also report and take action,” said Yannick Grandjean, co-founder and CEO of Reporting 21. “I’m excited for our customers and employees and thank them for their support over the last eight years. This move will drive even greater value for clients by leveraging Cority’s established structure, success, and expertise.”
The Reporting 21 solution will be incorporated into Cority’s Sustainability Cloud to better support customers in managing, reporting, and actioning their sustainability and ESG initiatives. As part of Cority’s integrated responsible business platform, CorityOne, the Sustainability Cloud benefits from datasets throughout an organization being aggregated and fed into one central location to uncover key insights and create a single, accurate, and holistic view of EHS and sustainability performance.
“Recent ESG pressures are not only redefining the role of EHS, but also the technology supporting those initiatives. Market demand shows a need for both detailed, comprehensive data collection within the most complex environments as well as simple, easy-to-use alternatives as small and mid-sized enterprises and simpler operations face increasing ESG scrutiny too,” said Bill Pennington EHS Research Director of Verdantix. “Smart solution providers recognize the need to support a wide range of organizations and environments and, as such, investments in existing technology and/or services can accelerate time-to-market and time-to-value for customers.”
Cority is majority-owned by Thoma Bravo, a leading software investment firm, with additional investment from Norwest Venture Partners. With its expanded global footprint, Cority will now have over 500 employees serving over 1,400 customers worldwide.
Kirkland & Ellis is serving as legal advisor and Harris Williams as financial advisor to Cority and Thoma Bravo.
McDermott Will and & Emery, Frieh Associés, and Keels Avocats are serving as legal advisors, Clipperton and Natixis Partners as financial advisors, and Alvarez and Marsal as financial vendor auditors to Reporting 21.
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Cority gives every employee from the field to the board room the power to make a difference, reducing risks and creating a safer, healthier, and more sustainable world. For over 35 years, Cority’s people-first software solutions have been built by EHS and sustainability experts who know the pressures businesses face. Time-tested, scalable, and configurable, CorityOne is the responsible business platform that combines datasets from across the organization to enable improved efficiencies, actionable insights, data-driven decisions, and more accurate reporting on performance. Trusted by over 1,400 organizations worldwide, Cority deeply cares about helping people work toward a better future for everyone. To learn more, visit www.cority.com.
About Reporting 21
Founded in 2014 in Paris, Reporting 21 is a leading ESG data monitoring platform, backed by robust expertise in sustainability transformations. With a dedicated team of 70+ professionals, Reporting 21 bridges the gap between software and advisory, offering a comprehensive SaaS solution informed by expert guidance. The company’s software accommodates hundreds of KPIs mapped to global frameworks and can be configured to individual client needs. To learn more, visit www.reporting21.com