Sphera, a global provider of integrated risk management software and information services, has completed its acquisition of Stuttgart, Germany-based thinkstep after German regulatory authorities approved the deal.
While thinkstep is also in the software and information services sector, its specialty is corporate sustainability and product stewardship.
"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," Sphera President and CEO Paul Marushka said in a statement. "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.
thinkstep CEO Jan Paulsen added: "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.