News: Nasdaq to acquire ESG software provider Metrio
Press Release - Nasdaq, Inc. (Nasdaq: NDAQ) announced today that it entered into an agreement to acquire Metrio, a privately-held provider of environmental, social and governance (ESG) data collection, analytics and reporting services based in Montreal. Nasdaq plans to integrate Metrio's software as a service (SaaS) platform into its suite of ESG solutions.
"Metrio's platform is complementary to Nasdaq's end-to-end suite of sustainability reporting solutions and will accelerate our ability to support corporate clients who are looking for improved reporting technology across all three pillars of ESG"
said Michael Bartels, Senior Vice President, IR & ESG Services at Nasdaq.
"We expect current and prospective clients to benefit from a flexible platform that collects, measures and analyzes corporate sustainability data, as well as generates investor-grade reports in real-time, which can be adapted for and shared with multiple stakeholders."
Nasdaq has developed a range of ESG-focused technologies and solutions over the last decade to help clients achieve their corporate sustainability and governance objectives. These include ESG advisory services for investor relations professionals; Puro.Earth, a carbon marketplace; Nasdaq OneReport, an ESG workflow and reporting platform; Board Advisory, Board Meeting Management, and Compliance solutions for governance professionals; and The Nasdaq Center for Board Excellence.
The demand for more robust and comprehensive sustainability reporting solutions has risen dramatically in recent years due to evolving regulatory reporting requirements, investor input, and the increase of corporate sustainability commitments by corporates. Founded in 2009, Metrio established itself as an early mover in the space and developed a solution that has transformed the way corporates think about and act on ESG. The acquisition of Metrio underscores Nasdaq's commitment to helping clients better manage and unlock value from their data so that they can make better decisions and provide more transparency to their stakeholders.
"We are tremendously proud of the market-leading reporting solutions our team has built over the last decade," said Patrick Elie, CEO & Co-Founder, Metrio.
"We are excited to be part of Nasdaq as we seek new opportunities to bring our solutions to a wider set of stakeholders and increase our impact, said Pierre-Alexandre Hurtubise COO & Co-Founder, Metrio
The transaction is expected to close by mid-June and financial terms of the deal are not being disclosed. For more information about Metrio, please visit www.nasdaq.com/esg/nasdaq-acquires-metrio. For more information on Nasdaq's ESG offering for corporate clients, please visit: https://www.nasdaq.com/solutions/corporate-esg-solutions.