AMCS, a leading global supplier of integrated cloud-based software and vehicle technology for the environmental, utilities, waste, recycling, and resource industries, announces that it has acquired FigBytes, creators of the leading Sustainability Platform for impact-focused organizations, for an undisclosed amount.听听This is the second strategic move for AMCS in the Environmental, Social, and Governance (ESG) space, following the acquisition of Quentic听in June听2022. These recent acquisitions highlight the company鈥檚 commitment to invest globally in the environmental services industry. The strong market presence of FigBytes听technology in North America is complementary to the presence AMCS has established听in Europe. This acquisition will enable AMCS to better serve clients around the world with cloud-based SaaS solutions that help them reach their sustainability goals听and manage increasingly听complex regulatory reporting requirements.听
鈥淥ur mission is to create an environmentally sustainable future for our clients and their families, and we are excited to have FigBytes听join us in these efforts,鈥� said Jimmy Martin, CEO of AMCS. 鈥淭his acquisition underscores our mission to provide integrated, secure, and future-proof environmental software solutions that help clients across the globe accelerate their growth and sustainability.鈥�听
The FigBytes听platform will further strengthen AMCS鈥� current offerings for ESG reporting and data management and complement the company鈥檚 existing capabilities. AMCS now has ESG expertise听spanning Europe and North America and can offer global solutions for sustainability and compliance to customers, encompassing all the regulatory considerations of the different regions. For example,听the new mandatory EU CSRD regulation will affect most companies at different times听in the future. These companies must manage their ESG data and ensure auditable reporting through the听ESRS reporting framework. For effective data management and accurate听reporting and to fulfill requirements related to this regulation听and others, FigBytes听provides听added value for AMCS customers.听
鈥淔or nearly a decade, we have equipped sustainability leaders everywhere with robust tools, resources,听and expertise in order to put their ESG and sustainability programs into action,” said Ted Dhillon, CEO听and co-founder of FigBytes. 鈥淭he combination of FigBytes鈥� award-winning Sustainability Platform and the AMCS suite of Environmental Software Solutions provides organizations with a unique, compelling offering and one of the clearest digital pathways to a more sustainable future while enabling them to comply with听ESG regulations around the world. I鈥檓 incredibly confident that our alignment with AMCS will unlock tremendous opportunities for organizations to make an even greater positive change for people and the planet.”听