Blackstone-backed ESG performance and risk management software, data and services provider Sphera announced today the acquisition of supply chain sustainability software company SupplyShift, in a move aimed at enhancing its supply chain offering with expanded supplier mapping, scoring and traceability capabilities.
Founded in 2012 by Climate Science and Environmental Economics PhDs Alex Gershenson and Jamie Barsimantov, Santa Cruz, California-based SupplyShift provides a cloud-based end-to-end supply chain data management, responsible sourcing, and supplier engagement platform aimed at enabling businesses to build transparent, responsible, and resilient supply chains, and to measure, monitor and improve their environmental, social and economic impact across the supply chain.
SupplyShift’s supply chain network encompasses over 100,000 suppliers, with the platform enabling buyers and suppliers to share information in order to manage risk and facilitate supplier regulatory compliance.
SupplyShift CEO and co-founder Alex Gershenson said:
“SupplyShift was founded on the idea of leveraging software to drive sustainability initiatives, and for 11 years we have…
