Private markets-focused ESG data solutions provider Novata announced today the acquisition of European sustainability performance and reporting platform Atlas Metrics, in a move aimed at expanding its global reach to meet the growing demand for sustainability data and reporting solutions.

Founded in 2021, Berlin-based Atlas Metrics provides an ESG compliance and sustainability performance management platform, utilizing automation, AI, secure data sharing, and advanced analytics to ease impact communications and measurement for organizations, with a focus on helping banks, companies and investors meet growing sustainability-related reporting and compliance requirements.

New York-based Novata was founded in 2021 by S&P Global, the Ford Foundation, asset management firm Hamilton Lane, and social change-focused investment firm Omidyar Network. Developed in collaboration with general partners (GPs) and limited partners (LPs), the platform was designed to provide private markets investors with a solution for ESG measurement, data collection and benchmarking, and enable reporting on ESG data.

The combined company will support more than 400 clients and over 13,000 companies with tools to collect, report, and act on sustainability data, according to Novata.

Wladimir Nikoluk, CEO of Atlas Metrics said:

“From the start, we saw a natural alignment with Novata, both in mission and in culture. Atlas Metrics has always believed that sustainability management should be simple, scalable, and rooted in technology. Joining Novata lets us deliver on that belief at global scale, giving our clients across and beyond Europe the innovation, efficiency, and trust they need to succeed in a rapidly evolving sustainability landscape.”

According to Novata, the new acquisition will strengthen its European presence, and enable the company to deepen its partnerships with financial institutions and accelerate product innovation.

The acquisition follows a recent fundraising round by Novata to support its next phase of growth, led by S&P Global, and with participation from Hamilton Lane, Motive Ventures, The Ford Foundation, and Novata co-founders Alex Friedman and Josh Green. Novata also recently announced an expanded collaboration with S&P Global’s sustainability-focused business unit S&P Global Sustainable1, with Novata serving as Sustainable1’s technology partner to power sustainability data management solutions for clients.

Alex Friedman, CEO & Co-Founder of Novata, said:

“This acquisition is an important step toward building the global leader in sustainability management. By welcoming Atlas Metrics into the Novata family, we’re delivering on our mission to transform sustainability data into business resilience. Together, we have the scale, technology, and global expertise to help companies and investors turn ESG data management, regulatory readiness, and benchmarking into drivers of long-term value creation.”