Compliance, investor relations and ESG software provider EQS Group announced today the acquisition of Berlin-based Daato Technologies, which provides a platform to help companies comply with ESG reporting and regulations. EQS said that the acquisition will enable its clients to more easily navigate the growing number of ESG regulations and compliance requirements.

EQS Group, headquartered in Munich, provides a cloud platform that enables clients to ensure regulatory compliance, sustainability reporting, and investor relations in the ESG sphere. Founded in 2021 by Thilo Hitz and Satya Kamal Raparthi, Daato enables its customers, which range from SMEs to listed companies, to streamline their sustainability compliance processes and manage their ESG obligations.

With the acquisition, EQS Group said that it now could provide an “all-in-one” solution to support companies navigating ESG regulations, including the EU’s Corporate Sustainability Reporting Directive (CSRD) and its underlying European Sustainability Reporting Standards (ESRS), the EU Taxonomy, CO2-footprinting, supply chain laws such as the Supply Chain Due Diligence Act (LkSG), CSDDD, CBAM, and the EU Deforestation Regulation (EUDR).

Achim Weick, founder and CEO of EQS Group, said:

“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.”

According to EQS Group, the acquisition comes as many organizations face challenges in dedicating the necessary capacities to increasing compliance demands, which require significant resources and expertise, with the company’s solutions aimed at addressing this gap by automating and streamlining these processes.

Satya Kamal Raparthi, CEO of Daato, said:

“We are thrilled to join forces with EQS Group – our shared commitment to transparency and excellence makes this partnership a great fit. 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.”