Uniqus Consultech Acquires Goodera's Global ESG Division
By siliconindia | Thursday, 07 December 2023, 10:07 IST
Uniqus Consultech Inc., specializing in ESG, accounting & reporting consulting services, has completed the acquisition of Goodera's worldwide ESG business, as per an official announcement. Under the Uniqus umbrella, Goodera's cloud-based ESG technology platform will be rebranded as ESG UniVERSE, representing a substantial part of this acquisition. Notably, Uniqus will assume responsibility for esteemed global ESG clients using the Goodera platform, along with the teams dedicated to serving these clients, ensuring a seamless transition into Uniqus.
Jamil Khatri, Co-Founder, and CEO of Uniqus, highlighted during a press briefing that the ESG UniVERSE platform is geared to streamline ESG data collection, maintenance, and approval procedures, ensuring accurate disclosures adhering to global standards. While specific financial details of the agreement were not disclosed, Khatri estimated an anticipated revenue of $2 million from the product in the upcoming year, specifically in calendar year 2024, foreseeing substantial growth potential. Operating globally across the US, UAE, Saudi Arabia, and India, Khatri emphasized the strategic design of ESG UniVerse to comprehensively serve a worldwide market. He outlined ambitious plans to increase the product's value to $20 million within the subsequent five years.
In navigating the swiftly evolving landscape of ESG technology, Uniqus remains confident in meeting regulatory requirements and addressing the escalating market demands. Khatri highlighted a significant challenge encountered by companies in the ESG domain the fragmented nature of data spread across diverse information systems. He stressed that the integration of Goodera's technology stack with Uniqus' consulting expertise will culminate in a unified platform. Khatri stated, "One of the primary challenges faced by companies in the ESG sector is fragmented data scattered across various information systems. By merging Goodera's technology stack with our consulting proficiency, our holistic ESG offering will bridge this gap through a unified platform for businesses to measure, monitor, analyze, benchmark, and enhance their ESG performance. This will facilitate productive and accurate adherence to regulatory and rating norms", noted Khatri, Co-Founder & CEO of Uniqus.
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