Monday, January 23, 2012

Sustainalytics announces tech acquisition

ESG research firm Sustainalytics has announced the acquisition of information technology partner Share Dimension. Claudiu Tanasescu, founder and CEO of Share Dimension, and his seven-person software development team will join Amsterdam-based Sustainalytics, with Tanasescu also becoming managing director of the company’s Romanian office.

"Bringing Share Dimension on board makes perfect sense, having worked together to develop the Sustainalytics platform in recent years," said Sustainalytics CEO Michael Jantzi. "More importantly, the acquisition enhances Sustainalytics' technological capacity to present our insights to clients and support day-to-day responsible investment decision making."

"The entire Share Dimension team is extremely happy to join the Sustainalytics family," added Tanasescu. "It allows us to better leverage our skills to continue to improve the state-of-the-art Sustainalytics Global Platform and to assist our colleagues in fulfilling Sustainalytics' commitment to being trusted advisors to our clients around the world."

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