Diginex Limited (NASDAQ: DGNX), a recognized provider of Sustainability RegTech solutions, today announced that it has executed a non-binding memorandum of understanding (to acquire The Remedy Project Limited a pioneering organization specializing in data-driven human rights risk assessment and worker-centered remediation protocols for global supply chains.
The proposed acquisition combines Diginex’s AI-powered platforms with the Remedy’s proven expertise in operational-level grievance mechanisms, forced labor remediation frameworks, and access-to-remedy programs. This powerful combined solution will enable enterprises to move beyond risk identification to deliver effective, scalable, and victim-centered remedies in situations where labor rights violations occur.
“The Remedy Project has been at the forefront of closing the gap between detection and actual remediation in global supply chains,” said Chairman Miles Pelham.
“By incorporating their team and methodologies into the Diginex Group, we will create the industry’s most comprehensive end-to-end solution for responsible business conduct – from real-time risk monitoring and worker voice collection to transparent, enforceable remediation that puts affected workers first.”
According to industry analysts, the global market for supply chain sustainability and due diligence software is experiencing explosive growth, with Verdantix forecasting the supply chain sustainability software segment alone to exceed $7 billion by 2029 (up from $1.7 billion in 2023) at a 29% CAGR, driven largely by regulatory pressure and demand for robust remediation capabilities.
DGNX shares dropped 38 cents, or 3.2%, to $11.52.
Tech Insider
