Private markets-focused ESG data solutions provider Novata has announced the acquisition of European sustainability performance and reporting platform Atlas Metrics. This strategic move aims to expand Novata’s global reach to meet the increasing demand for sustainability data and reporting solutions.
Founded in 2021, Berlin-based Atlas Metrics offers an ESG compliance and sustainability performance management platform. It utilises automation, AI, secure data sharing, and advanced analytics to streamline impact communications and measurement for organisations. The platform focuses on assisting banks, companies, and investors in meeting growing sustainability-related reporting and compliance requirements.
New York-based Novata was [founded in 2021](https://www.esgtoday.com/sp-global-hamilton-lane-launch-esg-reporting-platform-for-private-markets/) 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 solutions for ESG measurement, data collection, and benchmarking, enabling comprehensive 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, stated that there is a natural alignment with Novata, both in mission and culture. He emphasised that joining Novata allows them to deliver their belief in simple, scalable, technology-rooted sustainability management on a global scale.
Novata asserts that the acquisition will strengthen its European presence and enable the company to deepen partnerships with financial institutions, as well as accelerate product innovation. This acquisition follows a recent fundraising round by Novata, led by S&P Global, with participation from Hamilton Lane, Motive Ventures, The Ford Foundation, and Novata co-founders Alex Friedman and Josh Green. Novata also [recently announced](https://www.esgtoday.com/sp-global-novata-partner-on-joint-sustainability-data-management-solutions/) 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 and Co-Founder of Novata, remarked that this acquisition is a significant step towards building a global leader in sustainability management. By integrating Atlas Metrics, Novata aims to transform sustainability data into business resilience, leveraging 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.
