Marlin portfolio company Tennaxia acquires Traace

LOS ANGELES and LONDON, May 30, 2024 Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Traace, a leading SaaS provider of carbon accounting and corporate social responsibility solutions. Traace enables middle-market and enterprise businesses to effectively report their emissions, set reduction targets, and create detailed action plans while visualizing in real-time the future impact of specific measures on their forward emission curve. Headquartered in Paris, France, Traace will be merged with Tennaxia, an existing Marlin portfolio company, further deepening its value proposition by offering deeper carbon accounting functionalities as a natural extension to its current Corporate Social Responsibility (“CSR”) offering to build a European leader in sustainability software.

“As our clients focus on transitioning to sustainable business models, they have a growing need for a comprehensive view of their emissions and tools to effectively reduce their environmental footprint,” said Bernard Fort, CEO of Tennaxia. “The addition of Traace will enable Tennaxia to provide its customers with advanced carbon accounting capabilities in combination with its comprehensive set of Environment, Health & Safety (“EHS”), CSR and Environment, Social & Governance (“ESG”) functionalities. We look forward to deepening our current offering and continuing to innovate to help corporates and financial institutions succeed in their sustainable transition strategies,” added Maxime Delorme, Co-Founder and Chief Technology Officer of Tennaxia.

“Over the last four years, we have built a leading all in one SaaS platform enabling organizations to monitor and improve their environmental footprint and CSR performance, which are increasingly being scrutinized by regulators and becoming as significant as financial reporting,” said Rodolphe Denieau, CEO of Traace. “The combination of two highly complementary and high-end solutions resonated with us to create a compelling end-to-end product suite for sustainability. Together, we are on the path to shape the next generation of extra financial reporting solutions, which presents an exciting journey for us and our customers,” added the Traace Co-Founders, Patrick Nollet and Thomas Guyot.

“The combination of Tennaxia’s leading positioning in EHS, CSR, and ESG and Traace’s advanced capabilities in carbon accounting is highly attractive and creates an end-to-end platform enabling companies to comply with the growing regulatory scrutiny in the context of the Corporate Sustainability Reporting Directive (“CSRD”) implementation,” said Jeremy Nakache, a principal at Marlin. “We are excited to partner with the Traace team and further accelerate their expansion in France and Europe leveraging Tennaxia’s existing network.”

About Marlin Equity Partners     

Marlin Equity Partners is a global investment firm with approximately $9 billion in capital commitments. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed nearly 250 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit

About Tennaxia

Tennaxia is a leading provider of sustainability and corporate social responsibility data management solutions. The company’s cloud-based software and related services allow corporate clients across various industries to meet their regulatory obligations successfully and efficiently. Through a comprehensive software platform and advisory solutions, Tennaxia enables businesses to manage and improve EHS, CSR and ESG performance. Tennaxia is headquartered in Laval, France, and serves over 750 clients, including some of Europe’s largest corporations and financial companies. For more information, please visit

Peter Spasov
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