Technology Firm Empowers Investors Across Europe and Other Markets to Achieve Better Engagement Outcomes

San Francisco, Limerick, Stockholm: March 11, 2025 – Glass Lewis, one of the world’s leading providers of corporate governance data and insights and proxy voting services to institutional investors and companies, today announced it will acquire Stockholm-based Esgaia, a leading technology platform for institutional-level investment stewardship data and workflows.  The acquisition accelerates Glass Lewis’ strategy to more holistically serve clients in markets like Europe and Australia where the combination of informed proxy voting and issuer engagement is integral to investors’ stewardship efforts.

“The importance of investment stewardship is increasing in all markets, but nowhere is it more ingrained in the investment process than in Europe,” said Glass Lewis CEO Bob Mann. “We’re excited to leverage our acquisition of Esgaia to accelerate our integration of corporate governance research, proxy voting and issuer engagement data into a single platform, and by doing so, help institutional asset managers and pension funds be more effective stewards of capital.”

Glass Lewis offers engagement services to clients who want help engaging with issuers on certain topics and/or at various levels of desired response to shareholder interests.  To extend these services further and help clients track and report their engagement progress, Glass Lewis and Esgaia developed a successful three-year strategic partnership to provide access to Esgaia’s data management platform.

Founded in 2021, the Esgaia cloud-based platform helps institutional investors track, manage, and report on their issuer engagement and investment stewardship programs. Esgaia was created to address data and workflow inefficiencies, and evolving global standards that have created higher expectations on investors to better substantiate their engagements with results and outcomes tracked over time.

Until now, institutional investors have largely handled their engagement tracking and reporting through manual tasks, spreadsheets, or technology workarounds from disparate internal systems.

“Working collaboratively to bring clients’ voting and engagement data together into one platform, we can streamline clients’ workflows and simplify their reporting,” said Anton Ljung, founder and CEO of Esgaia.  “We are excited to join Glass Lewis and gain the scale needed to bring Esgaia’s purpose-built platform to a broader audience of institutional investors, helping them to drive better outcomes for their clients.”

The transaction is expected to close upon regulatory approval.  The deal terms are not being disclosed.

About Glass Lewis

Founded in 2003, Glass Lewis is a leading global provider of independent corporate governance, stewardship, and proxy voting solutions. The firm serves more than1,300 investment managers and pension funds globally, who use its high-quality corporate governance research and proxy voting software to carry out their fiduciary duties. Glass Lewis also helps companies understand and implement corporate governance best practices and how investors view them. Headquartered in San Francisco, Glass Lewis has offices in the United States, United Kingdom, Europe, Asia, and Australia. For more information, please visit www.glasslewis.com.

About Esgaia

Esgaia is a technology company offering a product suite that helps investors manage data related to engagement with portfolio companies. The firm’s technology streamlines processes and workflows, enabling investors to engage with companies more efficiently. Ultimately, we aim to empower investors to drive better outcomes for their clients and society at large. The Esgaia team consists of former asset managers, investment professionals, engineers, and developers dedicated to helping improve and digitalize the engagement workflow.