The transaction is expected to close in the first quarter of 2021. Financial terms of the investment are not disclosed.

Orenda delivers real-time, high frequency ESG scores and insights into a company’s reputation to help measure the sustainability and societal impact of an investment. Orenda is a unique, timely and market-ready innovation based on an AI-powered platform that analyzes and quantifies social media data to provide insights, quantify public perception, and to identify values that resonate with customers and stakeholders. Orenda’s metrics give organizations and investors the power to make better decisions based on real-time information.

Founded in 2015, Orenda operates out of Ontario, and employs a team of highly skilled and innovative professionals in the fields of artificial intelligence, alternative data, social science and finance.

Marion Leslie, Head Financial Information & member of Executive Board, SIX, highlighted: "With Orenda we have found the right partner with unique expertise in alternative data sets, data science and ESG. As we bring our capabilities and the expertise of our teams together, we see a lot of opportunities to build new propositions supporting the growth of impact investing."

Tanya Seajay, founder and CEO of Orenda commented: "SIX has a strong commitment to both innovation and sustainability. We had previously announced a sales partnership with SIX, this new step enables Orenda to accelerate its expansion to a much broader global customer base and to develop new solutions that combine the vast securities database of SIX and Orenda unique skillset."

 
Orenda Software Solutions
Orenda Software Solutions is an AI–powered platform that analyzes and quantifies social media data to clearly communicate public perception of an organization’s reputation, as well as its social values and commitments to global good. Orenda’s mission is to provide insights, quantify public opinion, and identify values that resonate with customers, stakeholders, and investors. Orenda’s metrics give the financial community the power to make informed decisions based on real-time information. For more information, visit www.orendasolutions.com or send an email to esg@orenda.digital.

SIX

SIX operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (122 banks). With a workforce of some 3,500 employees (full-time equivalents) and a presence in 20 countries, it generated operating income of CHF 1.13 billion and Group net profit of CHF 120.5 million in 2019.
www.six-group.com