Deal will further ISS’ mission to provide high quality, interactive data aimed at facilitating dialogue
ROCKVILLE, MD (August 17, 2016) – Institutional Shareholder Services Inc. (ISS), a leading provider of proxy advisory, corporate governance and responsible investment solutions to financial market participants, today announced the acquisition of iiWisdom’s business of providing interactive governance solutions which build connectivity between public companies and their institutional investors.
iiWisdom’s interactive governance platform transforms company proxy and governance data into sophisticated communications solutions. Investors are able to seamlessly access proxy information, understand a company’s perspective and review company data in a well-presented and easy to navigate online text and data visualization. The iiWisdom central portal provides both institutional and individual investors with efficient, one-click access to the governance information of participating public companies.
“We are delighted to pass the baton to ISS and are confident they will continue to provide state of the art communications solutions to iiWisdom clients,” said David Weil, Founder and CEO of iiWisdom.
In addition to offering interactive proxy statements to companies through its subsidiary, ISS Corporate Solutions Inc., ISS intends to further develop the iiWisdom offerings to include the provision of thought leadership on important global governance and responsible investment topics. According to Stephen Harvey, Chief Operating Officer of ISS, “Proxy reports are an increasingly important tool for communicating company governance practices and fostering dialogue. The provision of these reports in a format consistent with investor workflows allows for better communication between companies and their institutional investors and fits naturally into our mission to provide high quality interactive data aimed at facilitating dialogue and empowering investors in their decision making.”