Sphera Completes Acquisition of thinkstep, a Leading Sustainability Product Stewardship Software Company

Information Technology Press Releases Tuesday September 17, 2019 08:00
CHICAGO--17 Sep--PRNewswire/InfoQuest

Sphera, a global provider of Integrated Risk Management software and information services with a focus on Environmental Health & Safety, Operational Risk and Product Stewardship, has acquired thinkstep, a Stuttgart, Germany-based software and information services company that specializes in Corporate Sustainability and Product Stewardship. The deal, announced in July, was completed after German regulatory authorities approved the acquisition.

"thinkstep's cloud-based and on-premise software, data and expertise in the Corporate Sustainability and Product Stewardship markets support our mission of creating a safer, more sustainable and productive world," said Paul Marushka, Sphera's president and CEO. "Sphera's acquisition of thinkstep advances our Integrated Risk Management 4.0 strategy with our SpheraCloud platform while expanding our international customer base and expertise. We want to welcome thinkstep's customers and colleagues to Sphera."

thinkstep offers three types of software solutions: GaBi for product sustainability, which is the sector's most comprehensive lifecycle analysis tool and content offering worldwide; SoFI for corporate sustainability; and IMM/CPM, BOMcheck and EC4P, which is a suite of product compliance solutions that offer end-to-end capabilities for the supply chain, product design, manufacturing and end-of-life periods.

"We are very excited to be joining the Sphera family," said Jan Poulsen, thinkstep's CEO. "Adding our solutions and extensive regulatory database and expertise to Sphera was a natural fit, and we can't wait to get started collaborating together."

Terms of the deal were not disclosed.
About Sphera

Sphera is the largest global provider of Integrated Risk Management software and information services with a focus on Environmental Health & Safety (EHS), Operational Risk and Product Stewardship. For more than 30 years, Sphera has advanced Operational Excellence by serving more than 3,000 customers and over 1 million individual users across 70-plus countries to create a safer, more sustainable and productive world.

About thinkstep

thinkstep, headquartered in Stuttgart, Germany, enables organizations worldwide to succeed sustainably. thinkstep's software solutions, databases and consulting services help businesses drive operational excellence, exploit product innovation potential, enhance brand values and comply with regulatory issues. The company's 20 offices worldwide serve more than 8,000 clients.

Contact:
Ellen Bremseth
ebremseth@sphera.com
Logo - https://mma.prnewswire.com/media/588281/Sphera_Logo.jpg
Logo - https://mma.prnewswire.com/media/804346/thinkstep_Logo.jpg

Latest Press Release

Yamaha Fine Technologies Unveils Micro Prober MP Series MP502/MP502-A Brand New High-frequency Characteristics Measurement System

Yamaha Fine Technologies Co., Ltd. (HQ: 283 Aoya-cho, Minami-ku, Hamamatsu; CEO: Yasuhiro Nakada) has developed the Micro Prober MP series of measurements systems capable of continuously inspecting the high-frequency characteristics of circuit boards...

ZTE and China Unicom win Best Network Intelligence Award at Broadband Awards 2019

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that ZTE and Guangdong branch of China Unicom have won Best Network...

ZTE wins 5G Excellence Award at the SDN/NFV World Congress

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that it has won 5G Excellence Award at the SDN/NFV World Congress held in...

AntWorks wins Frost Sullivan Intelligent Automation Software Technology Innovation Award

AntWorks(TM), a global provider of artificial intelligence and intelligent automation solutions powered by fractal science, today announced that it has won the Intelligent Automation Software Technology Innovation Award by global research firm Frost...

Fujitsu and Finnish Research Organization VTT Sign Wide-ranging ICT Managed Services Agreement

- Fujitsu awarded two-year extension to long-running 14-year contract, to provide wide range of managed infrastructure services to VTT - Agreement encompasses support and specialist services during the roll out of MS Office 365 - Fujitsu managed...

Related Topics