Sterling's Clear Standards to Be Bought
SAP said it has agreed to buy Sterling-based Clear Standards, which helps organizations measure and report greenhouse gas emissions and other information on environment impact. The German business software company said the acquisition will help it provide carbon management to customers as governments and the public demand more transparency.
Clear Standards was founded in 2007, and Betsy Atkins, who co-founded Ascend Communications and runs a venture capital firm, joined the board in February and became chief executive last month. Atkins will work as a consultant. Clear Standards' 25 employees will continue to work out of Sterling and Delhi, India, and will be led by co-founder and President Anirban Chakrabarti, who will report to SAP chief sustainability officer Peter Graf. Terms of the deal, expected to close next month, were not publicly disclosed.
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