Press
WeSustain GmbH announces strategic partnership with North Consulting Group
Monday, 15 August 2011 08:49
Singapore, Buxtehude August 12th, 2011
Sustainability has become a strategic success factor for Asian companies. Customers increasingly make a selection of suppliers based on sustainability criteria and compliance. Many Asian companies have responded to these new requirements by introduction of a systematic sustainability management and reporting. Nevertheless, there is considerable potential for improvement. The challenge is to create environmental and social value while maintaining the competitive edge in the global business era. Information technology plays a critical role in this transformation process. WeSustain and North Consulting Group today announced that they have entered into a strategic partnership, supporting companies in Asia to unleash their potential in the area of sustainable management by using modern software.
Today many companies create sustainability reports using productivity tools like MS Excel and MS Word. These tools are too generic in nature for the support complex business functions or the effective management of corporate sustainability goals. They lack version control, general accessability, audit support or workflows and collaboration. Valuable staff resource is used for data collection, causing significant manual work, deficits in accuracy and the ability to course correct along the way.
The WeSustain Enterprise Sustainability Management (ESM) suite of applications supports companies to messure, manage and improve sustainability efficiently. It allows companies to quickly and accurately create and manage their sustainability reports based on accepted standards and principles.
The development of the strategic partnership with North Consulting Group gives WeSustain the opportunity to further boost their competitive advantage in Southeast Asia und Hong Kong. Customers of North Consulting Group will be able to leverage a market leading solution for Enterprise Sustainability Management. With WeSustain ESM platform North Consulting Group is able to bring a comprehensive management and IT consulting offering to the Asian market. Clients in Southeast Asia and Hong Kong can now get a holistic service offering for strategy, execution and support from a single source. This allows clients to concentrate on their day-to-day business activities while still achieving their mid and long term enterprise sustainablity goals.
What are the benefits of the partnership ?
The partnership between North Consulting and WeSustain combines leading-edge sustainability software with professional consulting and implementation services in the Southeast-Asian region. North Consulting Group supports companies in the strategic direction setting and implementation of a corporate sustainability management. This also incorporates the design, implementation and roll-out of a technical infrastructure for a highly performing “Enterprise Sustainability Management”. Companies from the region now have access to a turn-key sustainability solution, which generates results and returns within weeks.
About WeSustain GmbH
WeSustain provides software solutions for Enterprise Sustainability Management. The easy to use software supports companies in managing, improving and reporting of their sustainability performance. The modular software includes all neccessary functionality like data-collection, sustainability workflows, compliance management, stakeholder engagement, energy- and carbon-management or life-cycle assessments. WeSustain is headquartered in Buxtehude, Germany. The company is lead by an experienced management team that worked for nearly a decade in the SAP ecosystem. The company today is recognized as the leading provider of Enterprise Sustainability Management (ESM).
About North Consulting Group
North Consulting Group (NCG) brings together experienced professionals providing management consulting, technology solutions, and application management services. Headquartered in Singapore, NCG is currently rolling out its operations across Asia-Pacific, bringing thought-leadership, innovation and business evolution to leading companies and conglomerates in Asia.
In NCG we believe in evolutionary transformation of companies into adaptive enterprises. We put our collective experience in play to collaborate with private and public sector clients to take advantage of current game-changing technologies and practices to improve on existing business processes especially in the areas of sustainability, asset management, and critical infrastructure protection.
Investment in enterprise sustainability management – High-Tech Gründerfonds invests in WeSustain GmbH.
Monday, 13 December 2010 14:45
WeSustain GmbH, a new business started by former SAP executives, develops and sells software for enterprise sustainability management. The capital is being committed to support development of the first software release and market launch of the product.
Bonn / Buxtehude
Achieving sustainability and communicating this is increasingly becoming a strategic competitive factor for companies in all sectors. How companies are valued on the capital markets and how they are perceived in their business market is increasingly based on sustainability criteria and corresponding risk potential. Sustainability reporting has in recent years established itself as an adjunct to financial reporting. Performance indicators such as the carbon footprint, data security, staff equal opportunity, working conditions in the supply chain and plant operating safety are the focal areas for sustainability departments that have meanwhile been set up in all major companies. WeSustain supports businesses with a cloud-secured software suite for systematic and integrated enterprise sustainability management.
Investment director Clemens von Bergmann puts the case for High-Tech Gründerfonds’ investment as follows: “The area of sustainability offers significant growth potential and is at the very top of many CEOs’ agendas. Companies in all sectors will in the years ahead be introducing systematic sustainability management. This calls for a supporting IT infrastructure that goes beyond the Excel solutions in present-day use. WeSustain’s founders have outstanding experience in the software industry and know how to convert product concepts into marketable offerings.”
The founders, Dr Manfred Heil, Andre Borngräber und Michael Corty, are delighted to have secured an experienced technology investor in High-Tech Gründerfonds. “We aim to emulate SAP, whose roots are of course also in reporting. At the same time, we will use the latest architecture and delivery concepts to provide our customers with genuine added value. Our partner High-Tech Gründerfonds has many years of experience in the software segment of the German market and a unique network. We are delighted about this partnership and look forward to productive collaboration,” Dr Manfred Heil says.
A new software category with major sales potential
WeSustain’s software suite is the first comprehensive, web-based solution for sustainability management. It integrates existing isolated applications as well as backend systems and provides a central authority for the sustainability set-up and the related reporting. The solution comprises modules for the areas of governance, stakeholder management, operations, reporting as well as collaboration & communication. The open-ended platform concept makes it possible for software providers to offer complementary solutions as part of a partner ecosystem.
About WeSustain
WeSustain GmbH was established in August 2010 in Buxtehude, Germany. The founders contributed key elements of the basic technology. The company has numerous partnerships in the areas of sustainability consulting, system integration and software.
Contact:
WeSustain GmbH
Dr. Manfred Heil
Brauereiweg 4 21614 Buxtehude
Tel.: +49 4161-994590
Contact
About High-Tech Gründerfonds
High-Tech Gründerfonds invests venture capital into young, high-potential technology companies that convert promising research results into successful businesses. The seed financing provided aims to enable start-ups to take their R&D propositions to the development of a prototype, proof of concept and possibly market launch. High-Tech Gründerfonds initially invests an amount of EUR 500,000 and can invest up to a combined total of two million Euros per company in subsequent financing rounds. Investors in this public/private partnership are the German Federal Ministry for Business and Technology (BMWi), the KfW Banking Group as well as the six industrial companies BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss. High-Tech Gründerfonds has approximately 272 million Euro under management.
Contact:
High-Tech Gründerfonds Management GmbH
Clemens von Bergmann
Investment Director / Prokurist
Ludwig-Erhard-Allee 2
53175 Bonn
Tel.: + 49 228 823001-11
Fax: + 49 228 823000-50
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www.high-tech-gruenderfonds.de
