(MENAFN- iCrowdNewsWire)
Thursday 16 September 2021, (London): ethiXbase receives investment funding from CGE Partners to revolutionise the sustainability risk management market and take solutions to a global audience.
ethiXbase, a leading provider of sustainable third-party risk assessment services, announce receiving investment funding from CGE Partners (“CGE”), who target purposeful businesses with a differentiated position and real ambition to grow.
Having released a series of innovative ESG and sustainability-specific risk management solutions over the last 12 months, the investment enables ethiXbase to build on recent momentum and accelerate the next phase of the company's growth to become the leading global provider of sustainable supply chain and third-party risk assessment software solutions.
The partnership will enable the company, whose product portfolio focuses on anti-corruption, human rights, labour, and the environment, to fulfil its mission of elevating sustainability throughout value chains.
Leas Bachatene, CEO of ethiXbase, commented: “ethiXbase's mission to support organisations worldwide to adopt sustainable and socially responsible policies and to report on their implementation, teamed with our proprietary software-as service (SaaS) platform has been crucial to our development to date.
“We are looking forward to partnering with CGE to increase our global reach and product offerings and accelerate plans to become a market leader in the ESG and sustainability risk management space through the development of our product proposition and by investing in our own internal operations.”
CGE Partners commented: “ethiXbase is a rapidly growing business which can transform its customers' ability to manage their supply chain risks. The market for these services has expanded significantly in recent years as corporates increasingly adopt tools to demonstrate their commitment to ESG, and to better manage stakeholder demand for higher ethical standards. We are looking forward to working with the ethiXbase management team in their next stage of growth.”
About ethiXbase – ethixbase.com :
ethiXbase is a leading provider of automated supply chain onboarding and due diligence solutions, offering a leading SaaS-based platform for third party risk and compliance management. The platform provides coverage of the entire Legal and Compliance sustainability sector, including Corporate Social Responsibility (CSR), Environmental, Social, and Corporate Governance (ESG), and Sustainability teams. ethiXbase's mission is to support organisations worldwide to adopt sustainable and socially responsible policies with a goal to help create a business environment in which organisations are committed to doing business with integrity and transparency.
About CGE Partners – cge-partners.com :
CGE Partners launched its €440m European mid-market buyout fund in 2019. CGE targets purposeful businesses with a differentiated position and real ambition to grow. Through its sector-focused investment strategy CGE seeks to back companies with an enterprise value of up to €200m, and with ambitious, proven management teams.
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