SEPTEMBER 2023
SOLD TO
In an exciting development, Transparency-One, the supply chain mapping technology platform, has brought ISN on board as its majority shareholder, with the backing of global investment firm Blackstone Growth (BXG). This move further cements Transparency-One’s standing as the top-tier provider of industry-leading tools and services for contractor and supplier management.
Founded in 2016 with offices in Boston, Massachusetts, and Paris, France, Transparency-One’s platform empowers organizations to delve deeply into their supply chains, allowing them to gain unique insights into product visibility, traceability, supply chain mapping, responsible sourcing, and sustainability. Transparency-One combines cutting-edge graph database technology, supply chain expertise, and global supplier onboarding services to help all supply chain stakeholders reduce business risk. Through its 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.
ISN, is a Dallas, Texas-based global leader in contractor and supplier information management, with 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. ISN has 13 offices around the globe which provide award-winning support and training for its customers in more than 85 countries.
Chris Morrison, CEO of Transparency-One, commented: “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. 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.”
Jerome Malavoy, Founder and former Executive Chairman of Transparency-One stated: “Since beginning of 2015 we have analysed 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 find a global frame of regulations (respectively ISSB AND CSRD). 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.”
Joe Eastin, Chairman and CEO of ISN, declared: “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. We look forward to helping accelerate Transparency-One’s mission while continuing to enhance the ISNetworld platform. 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.”
Brian Callahan, President and COO at ISN, added: “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. 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.