EQS Group Acquires Daato to Enhance ESG Management Capabilities

EQS Group, a cloud software supplier for compliance and sustainability, announced on December 11, 2024, its acquisition of Daato Technologies, a Berlin-based ESG management SaaS company. This strategic move aims to improve EQS's sustainability reporting offerings, supporting businesses in meeting European regulations such as the CSRD, EU Taxonomy, and CO2-footprinting laws.

Founded in 2021 by Thilo Hitz and Satya Kamal Raparthi, Daato offers ESG management solutions for a varied clientele, from SMEs to large corporations. EQS Group's integration of Daato's capabilities allows it to provide comprehensive support for compliance processes on one platform, a notable efficiency gain for organizations.

Achim Weick, CEO of EQS, emphasized the importance of this acquisition in helping companies manage sustainability initiatives effectively. Satya Kamal Raparthi of Daato echoed this sentiment, highlighting the added operational advantages and reduced costs for clients through this merger.