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Quentic

quentic.com

Founded Year

2007

Stage

Acquired | Acquired

Total Raised

$42.36M

About Quentic

Quentic provides Software as a Service solutions for the European EHS and CSR market. Quentic links all of the departments in an organization and brings those involved in a particular task together in one system. In this way, individual work stages from different departments are connected. The company was founded in 2007 and is based in Berlin, Germany.On May 12th, 2022, Quentic was acquired by AMCS Group. Terms of the transaction were not disclosed.

Headquarters Location

Schreiberhauer Strasse 30

Berlin, D-10317,

Germany

+49 30 921 0000 0

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Expert Collections containing Quentic

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Quentic is included in 1 Expert Collection, including Regtech.

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

Latest Quentic News

PreZero Luxembourg expands with acquisition - Recycling Today

Aug 16, 2022

PreZero Luxembourg expands with acquisition The acquisition of François S.à r.l. gives PreZero four locations in the city. July 6, 2022 PreZero Luxembourg says it has acquired François S.à r.l., a midsize waste management company based in Itzig, Luxembourg. The site employs 16 employees and uses a modern fleet of vehicles to offer comprehensive environmental services for private households, industry and commerce and public-sector clients, among others. The company's range of services also includes disposal and treatment of liquid and biological waste. "François S.à r.l. is a very good geographical addition to our portfolio and also offers excellent prospects for a joint future due to its professional orientation. I am therefore very pleased to welcome our new colleagues to our company," says Alain Jacob, CEO PreZero Lamesch in Luxemburg says. With this acquisition, PreZero has a total of four locations in Luxembourg and employs more than 600 people. July 6, 2022 German regulatory authorities have approved the sale of Berlin-based Quentic GmbH to the AMCS Group, headquartered in Limerick, Ireland, closing the transaction that was announced  in May. Quentic is now part of AMCS as of June 30. AMCS is the leading global supplier of integrated software and vehicle technology for the environmental, utility, waste, recycling and resource industries, and Quentic is a leading provider of software as a service for environmental, health, safety and quality (EHSQ) and environmental, social and governance (ESG) management. "With this step, we open a new chapter in our 15-year company history," says Markus Becker, CEO of Quentic . "The cooperation will further strengthen Quentic's growth of the past years. We particularly look forward to the professional collaboration and exchange in order to jointly provide the best digital business solutions for a healthier, cleaner and more sustainable future." "Regardless of the industry, digitalization is a key enabler on the path to a global and sustainable circular economy," adds Jimmy Martin, CEO of AMCS . "With the variety of solutions in the AMCS portfolio, we aim to put these technologies at the fingertips of our customers. Integrated management of all processes related to occupational safety, environmental, sustainability and quality management, as offered by the Quentic SaaS platform and app, is therefore a valuable addition to our offering.” Becker, Sebastian Mönnich and Hardy Menzel founded Quentic in 2007. Today, the company employs more than 250 people at 14 locations across Europe. More than 900 companies use Quentic software. "We would like to thank our long-term partners One Peak, Morgan Stanley Expansion Capital and High-Tech Gründerfonds for the trustful and valuable cooperation,” Becker says. “Together we have successfully put Quentic on the path to becoming the European market leader for EHSQ and ESG-management software and services. Now we are looking forward to continue on this path with AMCS. "  The Quentic management team will continue to shape the company’s future together with new owner AMCS, according to a news release from AMCS. The Solid Waste Division of King County, Washington, has launched a program designed to help businesses develop projects focused on expanding waste prevention, repair, reuse, recycling and composting. NextCycle Washington  is a free, six-month program offering a combination of business and technical support from Resources Recycling Systems (RRS), Ann Arbor, Michigan; Seattle-based Cascadia Consulting Group; and Portland, Oregon-based Start Consulting Group. According to the RRS website, “NextCycle is a customizable, statewide, accelerator-style program led by state and/or local governments and powered by RRS and local partners to nurture ideas and facilitate connections that develop a pipeline of investable projects for public and private sector partners seeking to advance local and regional circularity.” RRS says it “designs, implements and facilitates the program based on the goals of the host location.” Colorado launched NextCycle in the fall of 2018, followed by Michigan in the spring of 2021. According to a news release issued by King County, the program offers mentorship from community leaders and industry subject matter experts and access to its professional network. It also assists with funding and partnership opportunities. Participants in NextCycle Washington can be entrepreneurs or startups, small businesses, established corporations, nonprofits or collaborations of entities. “King County is dedicated to supporting businesses with promising circular economy projects that help expand waste prevention and recycling,” says Emily Coleman, circular organics program manager at King County. “Through NextCycle Washington, businesses will get the essential resources they need to ready their projects for investment and implementation.” Applicants selected for the program will receive a number of benefits: a multiday business boot camp to develop growth plan fundamentals and one-on-one consulting with experienced mentors and subject matter experts to improve and refine business models and project plans; facilitated networking opportunities to foster collaborations and partnerships; community engagement to ensure equitable outcomes and generate grassroots support; identification of funding pathways and connections to potential investors; and support to develop and refine presentations to help secure project funding. Applications will be accepted through July 15. NextCycle Washington was developed in partnership with representatives of local and state government, businesses and community groups focused on reducing waste and expanding reuse and recycling. Funding for NextCycle Washington is provided through King County’s Solid Waste Division, Washington Department of Ecology, Washington Department of Commerce and Seattle Public Utilities. Technical support and program management is provided by Resources Recycling Systems, Cascadia, Start Consulting and Traversal Designs. The Council of the Great Lakes Region (CGLR), as part of its Circular Great Lakes initiative, released a five-year circular economy strategy and action plan for plastics. The organization worked in collaboration with corporate stakeholders in the plastics value chain as well as government, academic and nongovernmental organization (NGO) partners to develop the plan. The aim, the council says, is to forge a future without plastic packaging waste and litter in the binational Great Lakes region. “Plastic is a versatile material that is used widely in our industries and homes as consumers, but it should never become waste in our economy or litter in our environment,” says Mark Fisher, president and CEO of the Council of the Great Lakes Region , which has offices in Ottawa, Ontario and Cleveland. “Through the Circular Great Lakes initiative, we are convening business, government, academic and NGO leaders to drive and deliver the systems change needed to close the loop and accelerate the transition to a circular economy for plastics in this critical region to the United States and Canada.” According to CGLR, more than  80 percent, or 12.8 million tons, of recyclable plastic packaging materials are being landfilled every year, effectively throwing out $1.7 billion (CA$2.1 billion) worth of reusable plastics. Operating in tandem with other zero plastic waste measures, a modern and effective recycling system is a key component of closing the loop and eliminating plastic marine debris, CGLR says. The council says many Great Lakes households do not have access to recycling options and that regional recycling rules differ, with policies in many places still favoring a throw-away economy. The council also says recycling system infrastructure is aging and lacks investments in advanced materials management practices. To tackle these issues, the Circular Great Lakes strategy and action plan centers around three key priorities: cleaning up and ending plastic waste and litter from entering the Great Lakes watershed; accelerating development of plastic packaging recycling supply chains and markets, with a focus on flexible plastics ;  and achieving a step-change in plastics recycling quantity and quality through policy, consumer behavior and investments in infrastructure and advanced technologies. For priority one, the Circular Great Lakes initiative will support the study of plastic pollution sources, pathways and impacts, the report says. The initiative also will  help eliminate land-based plastic packaging and cigarette litter by expanding the Great Lakes Plastic Cleanup launched by CGLR and Pollution Probe in 2020. For priority two, the Circular Great Lakes initiative will focus on improving and increasing collection, sorting and processing for end-market uptake, the report says. CGLR will work with partners to optimize the Great Lakes materials management and recovery system in four key opportunity zones for recycling: Pennsylvania-New York-Quebec, Michigan-Ontario-Ohio-Indiana, Illinois-Wisconsin-Minnesota and northern Minnesota-northern Ontario. According to the report, of the region’s 216 material recovery facilities (MRFs), 42 facilities (20 percent) have the required throughput and space, providing a starting point for retrofit projects. Regarding priority three, CGLR says demonstration projects and expanding adoption at these facilities will provide commercially viable technology-led solutions and the necessary 60 percent increase in processing that will be required to achieve a 50 percent recycling rate for plastics in the region. Currently, the plastics recycling rate within the region is at 18 percent, according to the report, which also lists immediate improvements in plastics traceability, advanced MRF sorting and new reclamation processes as necessary to overcome materials management barriers. Partnerships in the Circular Great Lakes initiative continue to grow and currently include eight corporate partners (Charter Next Generation, Dow Inc., Imperial, Pregis, Meijer, American Packaging Corp., Dart and Rothmans, Benson & Hedges Inc.) and 30 academic, nonprofit and government knowledge partners such as the National Oceanic and Atmospheric Administration  Marine Debris Program. Recent paving projects backed by the Michigan Department of Environment, Great Lakes and Energy (EGLE) in Bay and Clare counties have expanded Michigan’s use of rubber tire scrap in road resurfacing, keeping the materials out of landfills. The projects also highlight a Michigan recycling milestone, according to a press release from EGLE : As of this year, the state’s major scrap tire processing businesses–about 10 in all–no longer send any regular scrap materials to landfills. Apart from small quantities that are too dirty or contaminated, all the material is recovered and repurposed for use in road work, as mulch, in rain gardens and septic fields, as weights for construction barrels and silage covers, in molded and extruded plastic products, as porous pavement for trails and pathways, as tire-derived fuel, as recycled metal from tires’ steel belts and more. “The scrap tire market in Michigan is in a transformation from managing scrap tires as a waste to creating economic value,” says Kirsten Clemens, scrap tire coordinator in EGLE’s materials management division. The repaving in Bay and Clare counties used material from about 59,500 tires on more than 5.5 miles of roadway, EGLE says. EGLE awarded Michigan Technological University a $396,000 grant for project design and testing. Each county’s road commission performed the paving work, resurfacing 4.5 miles of Seven Mile Road from E. Midland Road to E. Beaver Road in Bay County and 1.15 miles of W. Haskell Lake Road from Cook Avenue to Lake Station Avenue in Clare County. At both locations, the repaving was divided into sections to enable side-by-side comparison of the rubberized and conventional paving materials. Last year, four Michigan counties implemented rubberized local road projects using scrap from more than 30,000 tires. As far back as 2005 and 2006, Saginaw County rolled out a pair of 2-mile sections of rubberized asphalt. The Michigan Department of Transportation allows a portion of asphalt mixes to be recycled materials, but it is not required. “We have about 20 years of projects, and we’ve got some really solid technology now,” Clemens says. “What we’re trying to do is expand the use by getting the material into the communities that need infrastructure solutions.” In 2019, EGLE helped fund a Michigan Tech project in Dickinson County to see how an asphalt-rubber mix would hold up to extreme Upper Peninsula weather. A study two years later found the pavement resists rutting during hot weather and cracking in the cold, EGLE says. Researchers will continue monitoring the project–which won a 2019 County Road Association of Michigan award–for 10 or more years.

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Quentic Frequently Asked Questions (FAQ)

  • When was Quentic founded?

    Quentic was founded in 2007.

  • Where is Quentic's headquarters?

    Quentic's headquarters is located at Schreiberhauer Strasse 30, Berlin.

  • What is Quentic's latest funding round?

    Quentic's latest funding round is Acquired.

  • How much did Quentic raise?

    Quentic raised a total of $42.36M.

  • Who are the investors of Quentic?

    Investors of Quentic include AMCS Group, One Peak Partners, Morgan Stanley Expansion Capital, High-Tech Grunderfonds, Business Angels Fondsgesellschaft and 3 more.

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