EQS Group Acquires Daato to Bolster ESG Offerings
Deal News | Dec 11, 2024 | Thoma Bravo
EQS Group, a prominent cloud software provider for compliance and sustainability management, has acquired Daato Technologies, a Berlin-based SaaS company specializing in ESG management and reporting solutions. The acquisition aims to enhance EQS Group's capabilities by offering a comprehensive solution to assist companies in navigating complex ESG regulations such as the EU Corporate Sustainability Reporting Directive and CO2-footprinting requirements, among others. This move aligns with EQS Group's strategy to provide end-to-end support for regulatory compliance, improve transparency practices, and foster trust with stakeholders. Both companies emphasize the operational advantages gained from this merger, showcasing their commitment to enabling businesses to efficiently manage ESG obligations and sustainability transformations.
Sectors
- Software as a Service (SaaS)
- Environmental, Social, and Governance (ESG)
- Compliance and Risk Management
Geography
- Germany – EQS Group is based in Munich, and Daato Technologies is headquartered in Berlin, indicating a strong focus on the German market for the acquisition.
- European Union – The article references multiple EU-specific regulations such as the Corporate Sustainability Reporting Directive and CO2-footprinting, highlighting a European focus in the ESG compliance space.
Industry
- Software as a Service (SaaS) – Both EQS Group and Daato Technologies operate within the SaaS industry, providing cloud-based software solutions for compliance and ESG management.
- Environmental, Social, and Governance (ESG) – The acquisition is focused on expanding ESG management capabilities, supporting companies in regulatory compliance across various sustainability reporting frameworks.
- Compliance and Risk Management – EQS Group provides compliance solutions to ensure companies meet regulatory requirements, focusing on transparency and risk mitigation in business operations.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQS Group | Bidding Company (Buyer) | Company | A leading international cloud provider for compliance & ethics, data privacy, sustainability management, and investor relations. |
| Daato Technologies | Target Company | Company | A Berlin-based SaaS company specializing in ESG management and reporting solutions. |
| Thilo Hitz | Co-Founder of Daato | Person | Formerly a Senior Policy Advisor in the German Environment Ministry. |
| Satya Kamal Raparthi | Co-Founder and CEO of Daato | Person | Previously a Co-Founder of Mercanis and Head of Strategy at Scoutbee. |
| Achim Weick | Founder and CEO of EQS Group | Person | CEO who articulated the strategic fit of Daato's integration into EQS Group. |