Nasdaq to Acquire Metrio, sustainability software provider

Jun. 02, 2022 8:38 AM ETNasdaq, Inc. (NDAQ)By: Khyathi Dalal, SA News Editor

The Nasdaq Stock Market on Times Square

lucky-photographer/iStock Editorial via Getty Images

  • Nasdaq (NASDAQ:NDAQ) entered into an agreement to acquire Montreal-based Metrio, a privately-held provider of environmental, social and governance data collection, analytics and reporting services.
  • It plans to integrate Metrio's software as a service 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," SVP, IR & ESG Services at Nasdaq commented.
  • The transaction is expected to close by mid-June and financial terms of the deal are not being disclosed.
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