AMCS Acquires ESG Software Platform FigBytes
EnvironmentalEnvironmental criteria consider how a company performs as a steward of nature. More software solutions provider AMCS announced today the acquisition of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data and reporting platform provider Figbytes.
Launched in 2014 by co-founders Sonam Devgan and Ted Dhillon, Ottawa-based FigBytes helps organizations to plan, track and report ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More on goals across areas ranging from carbon accounting and climate action, to water impacts, and supply chain activities.
Details of the transaction were not disclosed. In December 2022, FigBytes announced that it had secured $14.5 million in financing, including $10 million in funding from existing investor Quantum Innovation Fund, and a $4.5 million debt facility from Silicon Valley Bank.
Ted Dhillon, CEO and Co-Founder of FigBytes said:
“The combination of FigBytes’ award-winning Sustainability Platform and the AMCS suite of EnvironmentalEnvironmental criteria consider how a company performs as a steward of nature. More Software Solutions provides organizations with a unique, compelling offering and one of the clearest digital pathways to a more sustainable future while enabling them to comply with ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More regulations around the world. I’m incredibly confident that our alignment with AMCS will unlock tremendous opportunities for organizations to make an even greater positive change for people and the planet.”
The transaction marks the second strategic move in the ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More space for AMCS, following the company’s acquisition of Quentic, a European SaaS for ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More and EnvironmentalEnvironmental criteria consider how a company performs as a steward of nature. More Health, Safety and Quality last year. According to AMCS, FigBytes’ market presence in North America will complement its established presence in Europe, while also enabling the company to better serve its clients globally with SaaS solutions that help them reach their sustainability goals and manage increasingly complex regulatory reporting requirements.
Jimmy Martin, CEO of AMCS said:
“This acquisition underscores our mission to provide integrated, secure, and future-proof environmentalEnvironmental criteria consider how a company performs as a steward of nature. More software solutions that help clients across the globe accelerate their growth and sustainability.”