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SIX takes majority stake in AI-powered platform provider Orenda

By Pavithra R

February 23, 2021

  • Canada
  • SIX

SIX has announced taking a majority stake via growth investment in Orenda Software Solutions, a Canadian-based AI-powered platform that analyzes and quantifies social media data specializing in ESG and alternative data sets. The transaction is expected to close in the first quarter of 2021. 

The initiative is part of SIX’s strategy to help its customers drive more insights with data, providing consumption-ready data and analytics for making swift and more informed decisions. 

“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,” said Marion Leslie, Head Financial Information & member of Executive Board, SIX.

Founded in 2015, 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 an AI-powered platform that analyzes and quantifies social media data to provide insights, quantify public perception, and identifies 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.

“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,” said Tanya Seajay, founder and CEO of Orenda. 

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