Uniqus Consultech, which commenced its operations in December of last year as an accounting and reporting consulting and ESG consulting firm, has successfully acquired the global ESG business of Goodera, the company revealed in a press conference.
Goodera’s cloud-based ESG tech platform, now rebranded as ESG UniVERSE under Uniqus, will enable companies to streamline their sustainability programs. The platform automates ESG data collection, maintenance, and approval, ensuring accurate disclosures in compliance with global standards, Jamil Khatri, Co-founder, and CEO at Uniqus, highlighted during the press conference.
As a part of the acquisition, Uniqus will acquire marquee global ESG clients using Goodera’s ESG platform, and the teams serving these clients will also become a part of Uniqus.
The consulting firm has not disclosed the amount for this deal. Commenting on the value of the acquisition, Khatri said, “We have a non-disclosure agreement in place due to a structuring issue”, estimate generating $2 million in revenue from the product in the upcoming year, specifically in calendar year 2024,” said Khatri while sharing future guidance from this deal.
Uniqus is cautious about providing future guidance for the next 2 to 3 years. However, being a global company with operations spanning the US, UAE, Saudi Arabia, and India, our product, ESG UniVerse, is strategically designed to cater to a global market, Khatri highlighted.
“Our plan is to position this as a $20 million product within the next 5 years,” Khatri added.
Uniqus is the rapidly evolving landscape of ESG tech, the firm is confident in navigating the regulatory environment and meeting the growing demand. This aligns with its capability to scale it into a $20 million-plus business in the near future. These developments mark a significant milestone for us as we continue to advance in this dynamic market, Khatri said in a press conference.
Source: ET CFO
