Sustainalytics has agreed to acquire Zurich-based ESG Analytics, a provider of analysis software that helps money managers and asset owners to analyze and manage ESG risk and opportunities.
The deal is expected to close this month; terms of the transaction were not disclosed.
Sustainalytics is an environmental, social and governance, and corporate governance, research, ratings and analysis provider.
“(ESG Analytics) have built a really strong technology that allows the user to integrate ESG issues in a way that provides immediate insights … This allows us to advance our innovation agenda,” said Michael Jantzi, CEO at Sustainalytics, in a telephone interview.
Mr. Jantzi said ESG Analytics, which will be acquired from Adveq, focused on the private equity space, both for general and limited partners. “That is a space where Sustainalytics has done some work, but as a general philosophy we can only focus on those areas that we think we can add real value. We are quite excited about being able to leverage the work that ESG Analytics has done over the past several years, from a product and support standpoint, in upping the game in what we are going to be able to do in the private equity space.”
He added that all four members of the ESG Analytics team, who are based in New York, will join Sustainalytics.