Code & Co.

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Engagement — Platform Due Diligence

Code & Co. provides Tech & Product Due Diligence to NORD Holding and VERSO prior to VERSO joining forces with sustainabill and Silvester Group.

VERSO, sustainabill, and the Silvester Group aim to form the leading European software and consulting provider for sustainability management and reporting.

VERSO is a seasoned German provider of software and services for ESG management, sustainabill's cloud platform enhances transparency and sustainability in supply chains, and the Silvester Group advises customers on corporate, ESG, and financial strategies, communication, and reporting. Together, they now provide a comprehensive 'Made in Germany' solution for sustainability management and reporting as a leading European provider.

The alliance of these three pioneers in corporate sustainability aims to accelerate the sustainable transformation of SMEs. Offering sustainability software, reporting, and consulting, they provide a solution that covers sustainability issues from the supply chain to the business report. This helps companies break down data silos between sustainability and finance departments, logistics and procurement, as well as external suppliers along the supply chain. Additionally, the newly formed company aids in carbon accounting and strategy with its software and expertise. Their comprehensive solution for all regulatory challenges and reporting obligations in the sustainability sector already benefits over 200 active customers.

Scope of Work

Code & Co. provided Tech & Product Due Diligence to Nord Holding and VERSO.

The scope included analyzing sustainabill’s cloud-native SaaS software platform including evaluating its architecture, infrastructure, technology, and security. It further included an assessment of sustainabill’s product roadmap, data & integrations capabilities, moats &USPs, and client operations. The analysis also included the planned PMI and the company’s agile software development life cycle and team processes.


VERSO supports medium-sized companies holistically in their sustainable transformation with its software (SaaS) solution and services for sustainability management. Consulting and training in CSR reporting, -management and climate accounting make VERSO an ideal partner for corporate sustainability and ESG. Sustainability managers professionalize and digitalize their CSR management with VERSO or increase the efficiency of existing processes, above all the CSR reporting. In addition, VERSO supports companies on their path towards climate neutrality.

About Silvester Group

Silvester Group is the leading company for integrated stakeholder relations in Germany. With experience from more than 30 years in the market and over 2,150 client projects, Silvester Group offers corporate, ESG and financial communications holistically from a single source: strategy, consulting, research, and editing. Design, brand, and image. Investor Relations (IR), Public Relations (PR) & ESG. Online, offline, social media, digital & film.

About sustainabill

With the sustainabill cloud platform, sustainabill offers a comprehensive solution for managing sustainability and ESG risks in the supply chain. The company was founded in 2017 based on research conducted at the renowned Wuppertal Institute, one of the world's leading think tanks for sustainability.

About NORD Holding

With over 50 years of history and assets under management of € 3.0 billion, NORD Holding is one of the leading private equity asset management companies in Germany. The focus is on the business areas of direct investments and fund of funds investments.

About Code & Co.

Code & Co. is an independent advisory firm that specializes in providing modern, actionable Tech & Product Due Diligence for the global alternative investment industry. Our expertise uncovers risks that threaten asset value and opportunities to accelerate growth.