Dallas-based ISN, a global leader in contractor and supplier management solutions, has acquired Transparency-One, a supply chain mapping technology platform that collects supplier-provided data and real-time information to gain “unique insights” into product visibility, traceability, and sustainability.
Founded in 2001, ISN is headquartered at One McKinney Plaza in Uptown Dallas. It employs “hundreds” within the North Texas area and more than 650 worldwide.
“The acquisition of Transparency-One is ISN’s first acquisition,” the company told Dallas Innovates. “Together, ISN and Transparency-One will help manage risk and strengthen relationships for more than 100,000 buyers, contractors, suppliers and hiring organizations around the world.”
Aiming to build ‘safer worksites and more transparent supply chains’ after snagging $500M investment in 2020
“Combining Transparency-One’s expertise and supply chain network with our own is a natural extension of the work we’re doing to build safer worksites and more transparent supply chains,” ISN Chairman and CEO Joe Eastin said in a statement.
“We look forward to helping accelerate Transparency-One’s mission while continuing to enhance the ISNetworld platform,” Eastin added. “Together, ISN and Transparency-One will help manage risk and strengthen relationships for more than 100,000 buyers, contractors, suppliers and hiring organizations around the world.”
Terms of the deal were not disclosed.
ISN said the acquisition was led by EVP and General Counsel Jim Skochdopole and Vice President Joe Schloesser, with transaction guidance from Blackstone Growth.
Blackstone made a strategic growth investment of over $500 million in ISN in 2020. That investment helped ISN reach a $2 billion valuation in 2020, according to the Dallas Business Journal.
‘A shared ambition to solve problems’
Transparency-One was founded in 2016 and has offices in Boston, Massachusetts, and Paris, France.
Its platform enables organizations to thoroughly examine their supply chains and gain valuable insights into product visibility, traceability, supply chain mapping, responsible sourcing and sustainability, ISN said.
Transparency-One CEO Chris Morrison will continue to lead that business as senior managing director, ISN said.
“This acquisition presented a unique opportunity to extend the level of service that ISN provides across multiple industries, while maintaining our core business for contractor management,” Brian Callahan, president and COO at ISN, said in a statement. “The close alignment between our cultures and visions, including a shared ambition to solve problems, lays a strong foundation for our employees’ and customers’ continued success.
Jerome Malavoy, founder and former executive chairman of Transparency-One, said the company has built a platform that will meet future needs for organizations worldwide.
“Since beginning of 2015 we have analyzed the IFRS in the United States and the European Community documents. It was clear that their approach to environmental concerns, social responsibility and governance practices will found a global frame of regulations (respectively ISSB AND CSRD),” Malavoy said. “Progressively all companies in Europe, North America and many other countries will issue a mandatory yearly report on ESG criteria, including the supply chain of all buyers. Transparency-One has built its platform and services to address this very fast-growing need. ISN was the best candidate to acquire our company and become the worldwide leader in this market.”
Morrison said Transparency-One’s data-driven approach to ensuring responsible sourcing is a perfect fit for ISN.
“Business leaders everywhere have realized the importance of creating more resilient supply chains while ensuring compliance with evolving ESG and sustainability standards,” Morrison said. “We’re committed to helping companies navigate the complexities of managing their entire supply chain, and together with ISN, we have an exciting opportunity to grow our business and continue developing cutting-edge solutions for our customers.”
Reducing risks in global operations
ISN has more than 20 years of experience connecting more than 760 hiring clients in capital-intensive industries, with more than 77,000 active contractors and suppliers to promote safety, health, and sustainability in the workplace.
Its platform, ISNetworld, includes data-driven insights and tools that that the company said help companies mitigate risks associated with global operations such as supply chain continuity, regulatory compliance, ESG challenges, training and program conformance.
ISN has 13 offices around the world that provide support and training for its customers in more than 85 countries.
ISN said that Transparency-One enables companies to discover, analyze, and monitor all suppliers, components, and facilities in the entire supply chain. The company combines cutting-edge graph database technology, supply chain expertise, and global supplier onboarding services to help all supply chain stakeholders reduce business risk.
Via a global, interconnected network, Transparency-One brings stakeholders together to enable seamless collaboration and informed decision-making, serving a range of industries, including food, apparel, cosmetics, and consumer packaged goods.
David Seeley contributed to this report.
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