SIX Increases Investment in Orenda to Strengthen ESG and Alternative Data Offering

​SIX, a leading operator and developer of infrastructure services, announced that it is taking a majority stake via growth investment in Orenda Software Solutions, an AI–powered platform specializing in ESG and alternative data sets.

Expected to close in the first quarter of 2021, the transaction is seen as part of the strategy of SIX to help its customers drive more insights with data, providing consumption-ready data and analytics for faster and more informed decisions.

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.

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."