Sale of Envizi to IBM

Established in 2008 and headquartered in Sydney, Australia, Envizi is a leading global provider of sustainability data and analytics software, assisting blue-chip and multinational customers to achieve their environmental performance management goals. Envizi’s SaaS platform combines carbon accounting and business intelligence capabilities and has been at the forefront of assisting industry leaders to measure and action their ESG, Sustainability and Decarbonization strategies for over a decade.

Envizi's software automates the collection and consolidation of more than 500 data types and supports major sustainability reporting frameworks. Its user-friendly and easily customized dashboards enable companies to analyze, manage and report on environmental goals, identify efficiency opportunities and assess sustainability risk. Envizi's solutions help streamline the management of these tasks as part of broader Environmental, Social and Governance (ESG) reporting initiatives, while also providing users with valuable sustainability insights to inform business strategy.

The acquisition, in combination with IBM’s existing AI technologies and products, will create a single source of truth for analysing and understanding emissions data across the full landscape of business operations, helping businesses establish more sustainable operations and supply chains.

This transaction further demonstrates Torch Partners expertise and successful track-record in advising leading companies across the ESG and B2B Enterprise SaaS sectors. Other recent Torch Partners ESG and software transactions include: advising Capita plc on its divestment of AMT Sybex to Jonas Software, part of Constellation Software Inc.; Teamwork on its growth equity raise from Bregal Milestone; Five Arrows Principal Investments on its investment in Causeway; Astorg and Bridgepoint on their acquisition of Fenergo; and Permira on its growth investment in Nexthink.