The transaction from Institutional Shareholder Services (ISS) is expected to close early in the first quarter, subject to customary closing conditions, according to a statement.
ISS said that, through the acquisition, Strategic Insight’s extensive data sets will enhance its data intelligence arm, ISS Analytics.
ISS president and chief executive Gary Retelny said the acquisition underscores its continued commitment to assist investment professionals not only through a rapidly growing suite of solutions and services, but also through a deep repository of data and analytics.
“As we have done for more than three decades, ISS will continue to expand our core governance, analytics and ESG solutions for investment management and front-office professionals,” Mr Retelny said.
Strategic Insight president and CEO Joel Mandelbaum said the acquisition is “timely and will enable our firm to accelerate new product offerings”.
In addition, Mr Mandelbaum said clients and staff “will benefit from ISS’ tradition of innovation, scale, and global brand recognition”.
