Ethisphere Announces Partnership with Alpine Investors to Grow Data-Centered Approach to ESG Governance

in

PHOENIX & SAN FRANCISCO – October 6, 2022 – Ethisphere, a global leader in defining and advancing the standards of ethical business practices, today announced its strategic partnership with Alpine Investors (“Alpine”), a people-driven private equity firm, and Alpine’s newly formed data software business platform, predictis. Terms of the private transaction were not disclosed.

Ethisphere has been the leader in helping companies strengthen their integrity practices through data, tools and expertise, all enriched by a trusted global community, to take the polysemic concept of “integrity” and give it structure. Data-centered 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. The partnership with Alpine will empower Ethisphere to build upon 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.

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.

The company is also delighted to announce that 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. Further, Tim will continue to work closely with boards and senior executives of leading companies to further the thesis that doing good is good business. Tim currently sits on the Board of Ethisphere.

“Alpine is the ideal partner. Alpine’s B-Corp certification and its PeopleFirst philosophy combined with its dedication to being a force for good through its DEI and ESG initiatives, directly align with Ethisphere’s mission to define and advance ethical business practices,” said Tim. “ESG will only grow in importance and impact. Together with Alpine, we expect Ethisphere and the broader business community to continue to learn, collaborate and make a difference together.”

Erica said, “The remit of the community we serve has expanded to encompass traits that rise above traditional control functions. With ethics and compliance positions at a premium, they are now focused on an integrity-enabled business strategy grounded in rigorous measurement, persuasive communication, matrixed risk assessments and cultural impact. Since the beginning, Alpine has made clear its commitment to help spread the mission of Ethisphere by listening to, investing in and empowering our team. Its track record in growing data businesses will provide our team with the right resources, knowledge and expertise to meet and exceed the evolving needs of our customers as we extend our impact across the industry.”

“We are excited to partner with Ethisphere,” said Jean-Marc Levy, CEO of predictis. “We are committed to unleashing the transformational power of data and furthering Ethisphere’s mission of solving the biggest social and governance challenges businesses face today by helping workplaces across the globe for the better. We will support Ethisphere by promoting proper business ethics and practices, investing in Ethisphere’s employees and supporting its growing global customer base across innovative platforms.”

Evercore served as financial advisor to Ethisphere.

About Ethisphere

Ethisphere® is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, and deliver business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies build strong cultures of ethics and integrity. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also advances business performance through data-driven assessments, guidance, and benchmarking against its unparalleled data: the Culture Quotient dataset reflecting the ethical business practices of 3+ million employees around the world; and the Ethics Quotient dataset, featuring 240+ data points on the ethics, compliance, social, and governance practices of the World’s Most Ethical Companies. More information about Ethisphere can be found at www.ethisphere.com.

About predictis

predictis is Alpine Investors’ newly formed data software business platform. It is the home for data founders and entrepreneurs who seek to scale their businesses as they set out to democratize data and unlock its transformative power. predictis is founded on the thesis that aggregating vertical software-enabled data businesses will unlock significant value for acquired businesses and generate above-average investment returns, and it seeks to acquire, operate, and grow leading data software businesses across multiple industry verticals. Founders and data companies interested in learning more about partnering with predictis should contact James Reaney or Pat Eble at jreaney@alpineinvestors.com or peble@alpineinvestors.com. For more information, visit www.predictisdata.com.

About Alpine Investors

Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in companies in the software and services industries. Its PeopleFirst strategy includes a talent program which allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its over $2.25 billion eighth fund. For more information, visit www.alpineinvestors.com.

Alpine Launches Data Platform – predictis – and Announces Partnership with Ethisphere

in

PHOENIX & SAN FRANCISCO – October 6, 2022 – Alpine Investors (“Alpine”), a people-driven private equity firm, today announced the launch of predictis, its newly formed data software business platform. In conjunction with the launch, predictis announced its partnership with Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Alpine plans to invest equity capital to fund the organic and inorganic growth of predictis.

predictis will focus on partnering with world-class data software businesses and entrepreneurs across multiple industry verticals to unleash the ultimate power of data. The platform plans to do this by deploying data-specific playbooks around areas such as governance, security, pricing, go to market and talent. Today’s partnership announcement with Ethisphere builds upon predictis’ existing partnership with AirDNA, a leading provider of short-term rental data and insights. 

Jean-Marc Levy leads the new data platform as CEO of predictis. Jean-Marc has over 30 years of experience in data and information services and has held several board and CEO roles at high-growth venture and PE-backed data and technology companies. Prior to joining predictis, Jean-Marc served as CEO of ComplySci, where he led the growth of the company into an award-winning provider of compliance and risk management solutions used by thousands of institutions globally.

“predictis was founded on the thesis that partnering with vertical software-enabled data businesses will empower founders and entrepreneurs to scale their businesses as they set out to democratize data and unlock its transformative power,” said Jean-Marc. “We are thrilled to welcome Ethisphere, our second data business, into the predictis platform. With this partnership and our current partnership with AirDNA, we are on our way to building a group of market-leading data software companies. With Alpine’s support, we have the ability to provide our current and future business partners with access to exceptional talent, operating expertise and thought leadership.”  

predictis is actively seeking partnerships with data businesses that focus on specific vertical market segments, including businesses focused on medical/healthcare, real estate and short-term rentals, ESG/GRC, marketing/commerce, location/geo-location and financial/capital markets. Founders and data companies interested in learning more about partnering with predictis should contact James Reaney (jreaney@alpineinvestors.com) or Pat Eble (peble@alpineinvestors.com).

About Ethisphere

Ethisphere® is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure “S&G” risk within ESG frameworks. Ethisphere’s foundational BELA (Business Ethics Leadership Alliance) network comprises 390+ industry leaders that collaborate to define what “good” is (i.e., ethics, compliance and governance best practices). Its recognition program, “World’s Most Ethical Companies®”, also measures and showcases the superior achievements of organizations that are committed to doing business with ethics and integrity. Ethisphere currently serves 500+ active customers across all industries, with a heavy focus on large multinationals. More information about Ethisphere can be found at www.ethisphere.com. 

About predictis 

predictis is Alpine Investors’ newly formed data software business platform. It is the home for data founders and entrepreneurs who seek to scale their businesses as they set out to democratize data and unlock its transformative power. predictis is founded on the thesis that aggregating vertical software-enabled data businesses will unlock significant value for acquired businesses and generate above-average investment returns, and it seeks to acquire, operate, and grow leading data software businesses across multiple industry verticals. Founders and data companies interested in learning more about partnering with predictis should contact James Reaney or Pat Eble at jreaney@alpineinvestors.com or peble@alpineinvestors.com. For more information, visit www.predictisdata.com. 

About Alpine Investors

Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in companies in the software and services industries. Its PeopleFirst strategy includes a talent program which allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its over $2.25 billion eighth fund. For more information, visit www.alpineinvestors.com.

AirDNA Announces Acquisition Partnership With Alpine Investors

in

DENVER and SAN FRANCISCO, March 14, 2022 — AirDNA, a leading provider of global short-term rental (STR) data and predictive analytics software, today announced its strategic partnership with Alpine Investors (“Alpine”), a people-driven private equity firm. Terms of the private transaction were not disclosed.

AirDNA is a long-standing pioneer in third-party STR data, and its reputation for superior accuracy is recognized by its data partners and the world’s top tourism and real estate professionals. With Alpine’s backing, AirDNA will be able to enhance its data solutions, developing even more sophisticated tools across multiple industries, including hospitality and real estate, through its self-serve intelligence platform (MarketMinder) and enterprise data packages.

Denver-based technology startup AirDNA was founded by Scott Shatford in 2014 to empower hosts and investors with the market intelligence they needed to thrive. Now, their range of software and reports equip over 85,000 all-time customers across 65 countries with solutions to make data-driven decisions in this rapidly-growing industry which generated an estimated $113 billion in 2021.

“Since its humble beginnings as four people in a garage, AirDNA has stayed true to its mission of opening opportunities through short-term rental data. We are proud to provide insights to hosts and also be powerful enough for enterprise organizations,” said Shatford. “Alpine immediately recognized the power of our platform. Alpine’s expertise in building software and data businesses, paired with their values-driven model, makes them the perfect partner.”

As part of the partnership, AirDNA will welcome Demi Horvat as COO to scale the business to the next level with her wide expertise: Demi joins from Alpine’s CEO Program, an in-house talent program that recruits, develops, and places emerging leaders into its portfolio companies. Scott Shatford will continue as AirDNA’s CEO to lead the global product strategy.

“The STR industry has shaken up the broader lodging and real estate industries, and it’s exciting to be in an area where change is creating so much opportunity for growth and innovation. AirDNA has a proven track record of success,” said Horvat. “I’m delighted to be joining a company that aligns so closely with my values, and I’m excited to help expand the market-leading software they already offer.”

“Our first priority will be to listen to the AirDNA team and customers as we invest in expanding the engineering and customer-facing capabilities of this business,” said Mark Strauch, partner at Alpine. “We’re excited to welcome AirDNA into the Alpine community and help scale their impact to meet the needs of the fast-changing STR industry.”

For AirDNA, GLC Advisors served as financial advisors, and Scale LLP served as legal counsel. For Alpine, Morrison Foerster served as legal counsel.

About AirDNA

AirDNA helps hosts, property managers, and investors succeed in the short-term vacation rental market by turning rental data into actionable analytics. The Denver-based company has tracked the daily performance of 10 million vacation rentals in 120,000 global markets since 2014 to provide real-time market insights. Their comprehensive software platform, interactive dashboards, and APIs offer a solution for everyone in the industry to analyze trends, price rentals, identify new investment opportunities, and benchmark performance.

About Alpine Investors

Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in companies in the software and services industries. Its PeopleFirst strategy includes a CEO program that allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund. For more information, visit http://www.alpineinvestors.com.

‍