Global consulting firm Uniqus Consultech has announced the acquisition of Goodera’s global ESG business for an undisclosed sum.
With this, Goodera’s ESG tech platform, which is now renamed ESG UniVerse, will become a part of Uniqus. The acquisition includes not only the platform but also Goodera’s marquee global ESG clients and the teams serving them.
Assisting companies in managing sustainability programs
ESG UniVerse, operating as a cloud-based software, is designed to assist companies in managing their sustainability programs.
It automates the collection, maintenance, and approval of ESG data, ensuring compliance with global standards. The integration is expected to streamline the process of ESG data handling, making it more efficient and accurate.
What does the leadership say about the acquisition?
“One of the major challenges faced by companies in the area of ESG is the weakly integrated data that resides across different information systems. By integrating Goodera’s tech stack with our consulting expertise, our overall ESG offering through a single platform will help businesses to measure, monitor, and improve their ESG performance,” said Jamil Khatri, Co-founder & CEO of Uniqus.
Uniqus plans to enhance ESG UniVerse with features like data management, reporting, AI-enabled smart search, GHG Inventorization, Value Chain Assessment, Peer Benchmarking, and ESG Maturity Assessment. These advancements are part of Uniqus’s strategy to combine technology with consulting, offering clients a comprehensive solution.
Financial details
While the deal’s financial details were not disclosed, Khatri said that the company expects to generate $2 million in revenue from ESG UniVerse in 2024. Uniqus, with its global operations in the US, UAE, Saudi Arabia, and India, aims to position ESG UniVerse as a $20 million product within the next five years.
Impact on Uniqus’s market position
This acquisition marks a significant step for Uniqus Consultech, co-founded by Jamil Khatri and Sandip Khetan in 2022 and backed by investors like Nexus Venture Partners and Sorin Investments. It strengthens Uniqus’s ESG practice and positions the firm to effectively serve the growing $10 billion addressable ESG market, navigating the evolving landscape of ESG technology and regulatory environments.
Join our new WhatsApp Channel for the latest startup news updates
