Purchase enables UL to offer comprehensive platform to customers
NORTHBROOK, Illinois, Feb. 2, 2016 /PRNewswire/ -- UL, a global leader in safety science, today announced the acquisition of cr360, a market leader in environment, health and safety management and sustainability software. cr360's products help businesses gather vital data, predict trends, analyze anomalies and fulfill regulatory and company reporting requirements.
UL acquired cr360 to provide customers with a comprehensive platform and unifying framework for consistently tracking, measuring and managing environment, health and safety, supply chain and corporate social responsibility metrics on a global basis.
As part of this acquisition and to reflect the capabilities and scope of the combined entities, the new business will be named UL EHS Sustainability.
"Regulators and investors continue to demand increased transparency and demonstrated corporate compliance from business operations," said Mark Ward, General Manager, UL EHS Sustainability. "UL now has a more comprehensive EHS and sustainability global platform to give customers clarity, visibility and insights into operational performance and risk, and ultimately, profitability."
Founded in 2004, cr360, a privately held company based in Cambridge, U.K., has more than 200 customers—mostly large multi-nationals—in more than 168 countries around the world.
UL and cr360's combined portfolio will help strengthen global relationships with key customers. In addition, cr360 will leverage UL's global scale and resources to expand into new markets.
cr360's employees will join UL and remain with the company. The transaction closed on January 29, 2016.
UL is a premier global independent safety science company that has championed progress for more than 120 years. Its more than 11,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain. For more information about our certification, testing, inspection, advisory and education services, visit http://www.UL.com.
cr360 provides companies with a 360-degree view of EHS, Compliance, Energy and Carbon, Corporate Social Responsibility and Supply Chain information. cr360's integrated software solution empowers companies to accurately capture, manage, and report the sustainability and EHS information needed to ensure compliance and drive performance across all business areas.
Headquartered in Cambridge, UK, with offices in the United States and New Zealand, cr360 is a recognized leader and innovator in sustainability & EHS management solutions. cr360 has been named Top Product of the Year by Environmental Leader, a global leader in both sustainability management software and EHS software by independent analyst firm Verdantix, and won the Queen's Award for Enterprise. To learn more, visit http://www.cr360.com.
PR Manager, UL