Private equity firm Alpine Investors (Alpine) has added Ethisphere, a specialist in defining and advancing the standards of ethical business practices, to its newly formed data software business platform, predictis. Terms of the private transaction have not been disclosed.
The partnership with Alpine will allow Ethisphere to build on its long history of helping companies strengthen their ethics, governance and integrity practices and partnering with companies around the globe on their journey to better.
Ethisphere helps companies strengthen their integrity practices through data, tools and expertise. Data-centred decisions are expected by multiple stakeholders, such as board members, investors, communities and regulators, all of whom consider compliance, ethics and governance essential to the business mission.
Effective with this partnership, Erica Salmon Byrne is now the CEO of Ethisphere and Andrew Neblett is now President of Ethisphere. These seasoned leaders take over from their immediate past Ethisphere roles as President and Chief Operating Officer, respectively. Udit Pillay, a member of Alpine’s talent program, joins Ethisphere as its Chief Operating Officer and Head of Transformation.
Tim Erblich, Ethisphere’s long time CEO will become a Senior Advisor with a special focus on advocating pan-industry standards that advance the work companies do around the world to positively impact society. In addition, Erblich will continue to work closely with boards and senior executives of leading companies to further the thesis that doing good is good business. Erblich currently sits on the Board of Ethisphere.
Evercore served as financial advisor to Ethisphere.
