Assent Makes First Acquisition, Buying German Compliance Firm IPoint

Assent, the Ottawa-based centaur, has completed its first acquisition. It bought IPoint, a German sustainability software provider, to expand its compliance offerings. The deal was announced Thursday morning.

Both companies help manufacturers and distributors track how their products are made for regulatory purposes. Assent focuses on supply chain transparency. IPoint specializes in material intelligence – the data on what materials go into a product and their environmental impact. IPoint will bring its material compliance and environmental assessment tools to Assent's platform, while Assent contributes its supplier network and regulatory expertise. Customers from both firms will see their platforms merged, Assent said.

“Our customers need to understand their products at every level, from what goes into them across their supply chains to their full environmental impact across their lifecycle,” CEO Michael Southworth said in a statement. “Until now, getting that complete picture required piecing together data from multiple systems.”