Aranca joins Irideus.org – a new initiative set to become the world’s largest independent equity research platform for global company research
Published on 08 Dec, 2009
Aranca is one of only five partners of the Irideus.org initiative, which is slated to emerge as a standard solution for global smaller/mid-cap research coverage
New York: Tuesday, 8th December 2009: Aranca, a leading global provider of on-demand custom investment and business research services, has joined hands with Irideus.org – the Intermediated Research Initiative – to offer independent equity research for financial institutions, companies, exchanges, and institutional/retail investors. Irideus.org is an independent platform for companies worldwide seeking research coverage, powerful distribution network and to reach out to global investors. It combines the scale and expertise of the research professionals of five leading, global independent research providers including Aranca to serve as a single repository for research on global issuers. The platform is set to emerge as a single, standard solution to serve the needs of financial institutions, companies, exchanges and investors.
Given the fact that an estimated 25,000 public companies listed on 27 key stock exchanges around the world lack research coverage, Irideus.org could emerge as a single global solution to this key issue. With a uniform research report structure, standardized analytical frameworks, conformance to CFA Institute best practice guidelines and a strong distribution network, Irideus.org provides a compelling value proposition to the issuers, investors and exchanges.
Hemendra Aran, CEO, Aranca said, “Aranca is delighted to be a part of Irideus.org and participate in this global initiative to provide independent equity research on a large scale. We already serve a range of buy-side and sell-side institutions across geographies and understand their needs very well. With Irideus.org, we will play our part to provide coverage to uncovered companies and help fill long-standing gap in the global independent equity research space.”