Strategic Focus: The State Of The EHS Software Market In 2024

Published 11 January 2024 by Christopher Sayers, Rain Chiang & Bill Pennington,
EHS Software Environment, Health & Safety Product Compliance Product Stewardship Sustainability Management Strategic Focus

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Executive Summary

The Verdantix Green Quadrant for EHS software provides a detailed fact-based comparison of the 23 most prominent platform vendors. The study, which benchmarks vendors against more than 350 criteria, is updated on a two-year cycle. However, due to a sustained period of private equity interest and heightened transaction activity, the landscape of EHS vendors and their capabilities has changed substantially in the past 12 months. This report provides a mid-cycle Green Quadrant update by highlighting impactful market developments that have occurred since the 2023 EHS software Green Quadrant analysis was conducted. Buyers of EHS software or existing customers of vendors featured in the Green Quadrant should use this report to gain insight into how providers’ platforms are evolving, product development strategies are changing and market momentum is shifting.

Table of contents

The market landscape of EHS platform vendors is evolving quickly
Transaction activity trends in the EHS software market 
PE funding has enabled Green Quadrant EHS vendors to acquire other major players
Vendors are making major functional strides through partnership expansion and acquisition strategies

Table of figures

Figure 1. EHS software acquisitions since the Green Quadrant analysis
Figure 2. 2023 EHS software partnerships
Figure 3. EHS software Green Quadrant acquisitions
Figure 4. Ideagen’s acquisitions of ProcessMAP and DevonWay
Figure 5. EcoOnline’s acquisition of Alcumus’s EHS software business
Figure 6. SAI360’s acquisition of Evotix 

About the authors

Christopher Sayers

Senior Analyst
Chris is a Senior Analyst in the Verdantix EHSQ practice. His current research agenda focuses on EHSQ software, product compliance software and digital mental health and wellbeing solutions. He was also the lead author of the most recent Verdantix EHSQ Software Green Quadrant benchmarking study. Chris joined Verdantix in 2020 and has previous experience at EY, where he specialized in robotic process automation (RPA). He holds an MEng in Engineering Science from the University of Oxford, with a concentration on machine learning and machine vision.

Rain Chiang

Industry Analyst
Rain is an Industry Analyst in the Verdantix EHSQ practice. His current research agenda focuses on the intersection between EHSQ and ESG priorities. Prior to joining Verdantix, Rain gained consulting experience from internships at EY and P&G. He holds an MA in Economics and Politics from the University of Edinburgh.

Bill Pennington

VP Research, EHS & Risk Management
Bill is the VP Research for the Verdantix EHS & Risk Management practices. His current agenda focuses on understanding the evolution of EHS and enterprise risk management, evaluating emerging strategic risks and benchmarking technology buyers’ budgets, priorities and preferences globally.

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