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Swiss stock exchange operator SIX takes majority stake in AI Platform Orenda

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SIX, the operator of the Swiss and Spanish stock exchanges, has taken a majority stake in the Canadian AI platform Orenda software solutions. SIX says the acquisition is a step that is part of its strategy to help its customers generate more insight with data and analytics for faster, more informed decisions. Terms of the investment were not disclosed. The operation is expected to close in the first quarter.

Founded in 2015, Orenda is an artificial intelligence-based platform that seeks to provide real-time ESG scores and information on a company’s reputation to help measure the sustainability and societal impact of a business. ‘an investment.

Marion leslie, Chief Financial Officer and Member of the Management Board of SIX, commented on the investment:

With Orenda, we found the right partner with unique expertise in alternative datasets, data science and ESG. By bringing together our capabilities and the expertise of our teams, we see many opportunities to build new proposals supporting the growth of impact investing.

Seajay asked, founder and CEO of Orenda said that SIX has a strong commitment to innovation and sustainability.

“We previously announced a commercial partnership with SIX, this new step allows Orenda to accelerate its expansion to a much larger global customer base and to develop new solutions that combine SIX’s extensive securities database and unique skills of ‘Orenda.



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