Sage takes over SaaS start-up Spherics in bid to help SMBs cut carbon emissions
The move was driven by the vendor’s research that found SMBs want to work with partners that help address their environmental impact
Sage has completed its acquisition of Spherics, a carbon accounting solution to help businesses understand and reduce their environmental impact.
The ERP software vendor claims the deal "reinforces" its commitment to sustainability, having pledged to fight climate change and help protect the planet, by halving its own emissions by 2030 and becoming net zero by 2040.
"We know that SMBs care about the impact they have on the environment, and our research shows that they want to work with suppliers and partners that can help them understand and address it," said Sage EVP of cloud operations, Amaya Souarez.
"The acquisition of Spherics represents an important milestone in our sustainability strategy.
"By combining Spherics' innovative software with Sage's digital network, we are connecting businesses with their customer and supplier emissions data, enabling easy and collaborative climate action across value chains which helps to reduce carbon."
The IT channel and sustainability - market solutions to reduce carbon footprints
Based in Bristol, Spherics automates the process of calculating emissions by ingesting data from a customer's accounting software and matching transactions to emission factors to create an initial estimate of their carbon footprint.
The software then guides the customer to refine this estimate by submitting further data for a more accurate calculation - supporting SMBs on their journey to net zero.
Spherics will continue to be available as a market solution that integrates with Sage and other accounting software providers in the UK.
George Sandilands, CEO and co-founder of Spherics, added: "Our vision and mission align very much with Sage's core values, and we are excited to embark on this new journey to help SMBs knock down barriers to a more sustainable future.
"Global emissions are still rising fast, and we need immediate and meaningful climate action across the world.
"Together with Sage we can help make a global impact on greenhouse gas emissions by supporting SMBs on their journey to net zero."
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