- TraceSafe (TSF) has acquired Offsety, a carbon offset marketplace for individuals to reduce their carbon footprint by investing in high-quality offset credits
- The acquisition has enhanced TraceSafe’s vision to help its Fortune 500 clients respond to the urgent call for climate action from their key stakeholders
- TraceSafe will purchase and acquire the Offsety platform, website and related intellectual property in exchange for the issuance of 2,000,000 common shares
- TraceSafe provides Internet of Things (IoT)
- TraceSafe Inc. opened trading at $0.125 per share
TraceSafe (TSF) has acquired Offsety, a carbon offset marketplace for individuals to reduce their carbon footprint by investing in high quality offset credits.
The acquisition has enhanced TraceSafe’s vision to help its Fortune 500 clients respond to the urgent call for climate action from their key stakeholders including customers, investors, regulators and governments.
With Offsety, TraceSafe has also brought on-board Qayyum Rajan, a prominent leader in the finance and technology ecosystem in North America.
“We are thrilled to have Offsety and Qayyum join us at TraceSafe where we are solving the biggest challenge that companies are about to face globally; proof of climate action,” stated Wayne Lloyd, CEO of TraceSafe.
“Carbon removal is about to become a boardroom agenda for most companies and credibility of offsets will play a central role in the decision,” he added.
“Offsety’s platform will be a seamless fit into the unique solutions that the company is building in carbon management, and I am deeply passionate about the future of sustainable organizations and the role technology will play in making net-zero ambitions a reality,” noted Qayyum Rajan, Founder- Offsety and former CEO- ESG Analytics.
On closing of the transaction, the company will purchase and acquire from the vendor the Offsety platform, website and related intellectual property in exchange for the issuance of 2,000,000 common shares.
TraceSafe provides Internet of Things (IoT) solutions transforming large-scale industrial and enterprise operations with unique wearables, industrial-grade sensors and award-winning analytics platform.
TraceSafe Inc. opened trading at $0.125 per share.