EQS-News: EQS Group GmbH
/ Key word(s): Takeover
EQS Group acquires sustainability software company Daato
11.12.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Munich – 11 Dezember 2024
EQS Group, a leading cloud software provider for compliance & ethics, data privacy, sustainability management, and investor relations, today announced the Acquisition of Daato Technologies, a Berlin-based SaaS company specializing in ESG management and reporting solutions. With this acquisition, EQS Group aims to enhance its sustainability reporting capabilities by offering an All-in-One solution to support companies navigating ESG regulations. This includes the EU's Corporate Sustainability Reporting Directive (CSRD) and reporting on the Sustainability Reporting Standards (ESRS), the EU Taxonomy, CO2-footprinting, and supply chain laws such as the Supply Chain Due Diligence Act (LkSG), CSDDD, CBAM and the EU Deforestation Regulation (EUDR).
Founded in 2021 by Thilo Hitz and Satya Kamal Raparthi, Daato enables its customers, which range from SMEs to DAX companies, to streamline their sustainability compliance processes and manage their ESG obligations. With the acquisition of Daato, EQS is now able to provide its customers with end-to-end support for several use cases, primarily CSRD reporting (from double materiality analysis, ESG data collection and management, to tagging and filing), as well as EU Taxonomy, CO2-footprinting, LkSG, CSDDD, CBAM and EUDR.
As a strategic partner for companies navigating the growing complexities of regulatory compliance, EQS Group enables its customers to reliably manage compliance processes and build trust through transparency. With compliance demands requiring significant resources and expertise, many organizations face challenges in dedicating the necessary capacities to this task. EQS Group's solutions address this gap by automating and streamlining these processes, empowering companies to efficiently fulfill their obligations and focus on their core operations.
Achim Weick, founder and CEO of EQS Group:“Bringing Daato into the EQS Group allows us to bolster our ESG management capabilities at a time when transparency and accountability, particularly on sustainability issues, are crucial for businesses. Daato's expertise aligns with our objective to help our customers in managing their sustainability efforts to foster trust with stakeholders and demonstrate a genuine commitment to sustainable practices.”
“We are thrilled to join forces with EQS Group - our shared commitment to transparency and excellence makes this partnership a great fit”, said Satya Kamal Raparthi, CEO of Daato.“The trust and delivery excellence that the EQS brand has in the compliance space is unquestionable and we see formidable operational advantages to our combined customer base as well as our businesses through this merger. All compliance processes on one platform, that's a massive value add for the customers and means significant reduction of operational burdens and cost. Together, we stay true to our mission and will continue to accelerate the sustainability transformation of businesses.”
Press contact
Christina Jahn
Tel.: +49 89 444430133
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About Daato
Daato was founded by Satya Kamal Raparthi, formerly one of the Co-Founders of Mercanis, Head of Strategy at Scoutbee, an alumnus of ESCP Business School, and Thilo Hitz, formerly a Senior Policy Advisor in the German Environment Ministry and an alumnus of Hertie School of Governance. The company is headquartered in Berlin, Germany, and services customers globally.
Daato provides companies with a powerful platform that strongly simplifies the process of reporting and measuring ESG performance, leading to significant time-savings and efficiency gains. Designed to ensure compliance with the most relevant sustainability reporting standards, Daato supports frameworks such as the CSRD, EU Taxonomy, Supply Chain Due Diligence Act, and CO2-footprinting. With a focus on comprehensive guidance, intuitive design, and automated processes optimized for audit readiness, Daato enables organizations to generate complete, exportable ESG reports seamlessly.
Daato's adaptable structure makes it suitable for organizations of all sizes and sectors, from municipal utilities to large DAX-listed corporations. Its extensive partner network-comprising consulting firms, law and audit firms, industry associations, and networks-provides additional support to help clients meet their sustainability reporting obligations effectively.
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About EQS Group
EQS Group is a leading international cloud provider for compliance & ethics, data privacy, sustainability management, and investor relations. More than 10,000 companies across the world use EQS Group's products to build trust by reliably and securely meeting complex regulatory requirements, minimizing risks and transparently reporting on business performance and its impact on society and the environment.
EQS Group's products are bundled in the cloud-based software EQS COCKPIT. This allows compliance processes for whistleblower protection and case handling, policy management, and approval processes to be managed just as professionally as business partners, third parties and risks, insider lists and reporting obligations. In addition, EQS Group provides software to fulfill human rights due diligence requirements across corporate supply chains, ensure compliance with data privacy regulations like GDPR and EU AI Act, and support efficient ESG management and compliant sustainability reporting. Listed companies also benefit from a global newswire and investor targeting workflows and data.
EQS Group was founded in Munich in 2000. Today, the group employs around 550 professionals worldwide.
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