Limerick, Ireland/Ottawa, Ontario, Canada – October 31, 2023 - AMCS, a leading global supplier of integrated cloud-based software and vehicle technology for the environmental, utilities, waste, recycling, and resource industries, announced today that it has acquired FigBytes, creators of the leading Sustainability Platform for impact-focused organizations, for an undisclosed amount.
This is the second strategic move for AMCS in the Environmental, Social, and Governance (ESG) space, following the acquisition of Quentic in June 2022. These recent acquisitions highlight the company’s commitment to invest globally in the environmental services industry. The strong market presence of FigBytes technology in North America is complementary to the presence AMCS has established 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 and manage increasingly complex regulatory reporting requirements.
“Our mission is to create an environmentally sustainable future for our clients and their families, and we are excited to have FigBytes join us in these efforts,” said Jimmy Martin, CEO of AMCS. “This 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.”
The FigBytes platform will further strengthen AMCS’ current offerings for ESG reporting and data management and complement the company’s existing capabilities. AMCS now has ESG expertise 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, the new mandatory EU CSRD regulation will affect most companies at different times in the future. These companies must manage their ESG data and ensure auditable reporting through the ESRS reporting framework. For effective data management and accurate reporting and to fulfill requirements related to this regulation and others, FigBytes provides added value for AMCS customers.
“For nearly a decade, we have equipped sustainability leaders everywhere with robust tools, resources, and expertise in order to put their ESG and sustainability programs into action," said Ted Dhillon, CEO and co-founder of FigBytes. “The combination of FigBytes’ 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 ESG regulations around the world. I’m 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."
FigBytes software platform helps customers track and report on their ESG targets in areas including carbon accounting, climate action, water impacts, and supply chain activities. The FigBytes system automates reporting and provides complete insight into ESG activities in a single platform. To learn more, visit https://figbytes.com/.
AMCS is a market leader in integrated software and vehicle technology for the environmental, waste, recycling, and resource industries and provides optimization solutions for the broader transportation and logistics market. AMCS helps more than 4,000 customers worldwide reduce operating costs, increase asset utilization, optimize margins, and improve customer service. The company's enterprise software and SaaS solutions deliver digital innovation to the emerging circular economy around the world. Learn more at www.amcsgroup.com.
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