Sphera Solutions, Inc. Strengths, Domain Expertise, and Key Differentiators
Sphera is a provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services focusing on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management (ORM), Product Stewardship and Supply Chain Risk Management (SCRM). SpheraCloud is a key part of Sphera’s approach to addressing safety and sustainability issues before they even occur. SpheraCloud is a SaaS-based and mobile platform built on proven best practices that connect risks across the organization. Featuring a responsive, configurable, and intuitive cloud-based user interface, the SpheraCloud platform is designed to help businesses improve decision-making and performance with an integrated view of their risk portfolio—from single-site deployments to global rollouts.
Sphera Solutions, Inc. Recent Developments
On March 2, 2023, Sphera launched Life Cycle Assessment (LCA) Automation for Discrete Manufacturing, enabling quick and reliable LCAs across product portfolios. This followed their collaboration with Eastman announced on November 8, 2022, emphasizing real-time analysis and seamless integration for sustainability efforts.
On June 14, 2022, Sphera introduced an enhanced regulatory Software as a Service (SaaS) solution via SpheraCloud, saving time and mitigating risks associated with regulated chemical substances.
In July 2021, Sphera upgraded its SpheraCloud platform with a user-friendly interface and integrated features, facilitating access to crucial ESG and risk management information.
In May 2020, Sphera launched an Interactive piping and instrumentation diagram (P&ID) solution, enhancing operational efficiency and safety by integrating operations, maintenance, and engineering departments. In February 2020, Sphera® released three new Operational Risk Management solutions on SpheraCloud, including Advanced Risk Assessment, Control of Work, and Master Data Management, offering comprehensive risk mitigation across enterprise operations.
Sphera Solutions, Inc. Mergers and Acquisitions (M&A) Activities
In January 2024, Sphera acquired SupplyShift, a supply chain sustainability software company that empowers businesses to build transparent, responsible and resilient supply chains. Acquisition enhances ESG firm’s supply chain offering with expanded supplier mapping, scoring and traceability capabilities to further empower customers in creating sustainable supply chains.
On October 4, 2022, Sphera finalized its acquisition of riskmethods, a software company based in Munich, Germany, specializing in supply chain risk management (SCRM). This strategic acquisition aligns with Sphera's ongoing efforts to advance innovation and broaden its offerings within the ESG solutions sphere. riskmethods' Software as a Service (SaaS) platform harnesses artificial intelligence (AI), big data analytics, and machine learning technologies to detect, assess, and mitigate various types of supply chain risks. Notably, it emphasizes monitoring sustainability practices and ensuring ESG compliance throughout the supply chain. This integration enhances Sphera's capabilities to address ESG-related challenges and bolster supply chain resilience for its clientele.
In September 2021, Blackstone completed the acquisition of Sphera, from Genstar Capital. The transaction, which values the company at $1.4 billion, continues Blackstone’s thematic investment focus on the ESG sector and provides Sphera with capital to help accelerate its growth and product offerings.
In September 2019, thinkstep has been acquired by Sphera, a Chicago-based, global provider of Integrated Risk Management software and information services with a focus on Environmental Health & Safety, Operational Risk, and Product Stewardship. The deal, announced in July, was completed after German regulatory authorities approved the acquisition.
Sphera Solutions, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sphera Solutions, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Sphera Solutions, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SpheraCloud customers.
Sphera Solutions, Inc. Overview
130 E Randolph St #1900
Chicago, IL, 60601, United States
1 866-203-3791
https://www.sphera.com/
Ownership: - Blackstone
Number of Employees: 1100
Functional Markets: Analytics and BI, Content Management, EPM, ERP Services and Operations, SCM, TRM,
Key Verticals: Construction, Real Estate, Consumer Packaged Goods, Distribution, Federal Government, State and Local Government, Public Safety, Life Sciences, Manufacturing, Oil and Gas, Chemicals, Professional Services, Retail, Utilities,
Sphera Solutions, Inc. Key Enterprise and Cloud Applications
SpheraCloud
Sphera Solutions, Inc. Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Sphera Solutions, Inc. Revenue Breakdown By Type, $M:
Sphera Solutions, Inc. Enterprise Applications Revenues By Functional Markets, $M:
Sphera Solutions, Inc. Enterprise Applications Revenues By Verticals, $M:
Sphera Solutions, Inc. Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Sphera Solutions, Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Sphera Solutions, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Sphera Solutions, Inc. Customers
No. of Sphera Solutions, Inc. Customers: 7000
No. of Sphera Solutions, Inc. Enterprise Applications Customers: 3000
No. of Sphera Solutions, Inc. Cloud Customers: 3000
No. of Sphera Solutions, Inc. Cloud Subscribers: 1000000+
For more than 30 years, Sphera has served over 7,000 customers and a million-plus users in 80 countries to help companies keep their people safe, their products sustainable and their operations productive. Sphera’s technology is built on decades of experience and a unique breadth and depth of expertise and has more then 3000 customers. Among its customers are, Texaco, Shell, Siemens, DOW, Kinder Morgan, BASF The Chemical Company, BP Pls., and many others.
Sphera Solutions, Inc. Market Opportunities, M&A and Geo Expansions
In 2022, Sphera expanded its board of directors by appointing two new members, as part of its strategic growth initiatives, and appointed David Batchelor as chairman of the board of directors.
In November 2021, Sphera appointed Jim Pieper as a chief financial officer with a focus on Sphera’s financial strategy, reporting, and operations as the company advance its ESG offerings around the world. Pieper brings over 30 years of experience in financial management. Most recently, he was CFO of TransUnion’s U.S. Markets, an almost $2 billion revenue division of TransUnion (NYSE: TRU), an almost $3 billion revenue publicly-traded information and insights company focused on data and analytics related to consumers in over thirty countries.
Over the past years, Sphera has acquired 6 software companies to help accelerate and expand the breadth and capabilities of its cloud-based and on-premise products. Sphera's Integrated Risk Management 4.0 strategy was designed to help companies break down risk-related communication silos between divisions of large and midsize organizations and use the massive influx of data from sensors, the Internet of Things, and other Industry 4.0 technologies, to offer prescriptive and predictive risk-mitigation capabilities.
Sphera Solutions, Inc. Risks and Challenges
The company's sales can be affected during the outbreak of the Corona Virus.
Sphera Solutions, Inc. Ecosystem, Partners, Resellers and SI
Sphera partners with top firms that specialize in consulting, designing, implementing, and integrating Sphera’s offerings in order to accomplish customer goals. Thtough 2023 Sphera has forged partnerships with ERM, the world's largest sustainability consultancy, and PwC, a leading professional services firm. With ERM, they aim to bolster ESG strategies in Latin America, building on their existing collaboration. The alliance with PwC focuses on rapidly implementing Sphera's ESG software solutions globally. These partnerships underscore Sphera's commitment to advancing sustainability initiatives and providing comprehensive support to businesses worldwide.
Among Sphera's partners are, Accenture, AECOM, Arcadis, ERM, Frostbyte, Golder, Trinity Consultants, Indra, OSI Soft, RegScan, and others.
Value-Added Resellers are closely aligned with Sphera’s vision and intimately familiar with Sphera’s solutions. By partnering with established VARs, Sphera is able to deliver industry-leading software, services, and support to businesses globally. Among VAR's are, ADL Technologies, EnVizTec, Kozo Keikau Engineering Inc., UIT, Vanguard, and others.
Sphera Solutions, Inc. Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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