London Stock Exchange Group (LSEG) and OpenExchange Inc. have announced the launch of an expanded virtual platform for firms across the globe to share company results, investor days, and other public company communications, like ESG and inclusivity announcements.
As mentioned in the update, LSEG has invested in OpenExchange’s Series D round and Darko Hajdukovic, Head of Multi-Asset Primary Markets and Investment Funds, Primary Markets, will be joining the OpenExchange Board of Directors.
The investment has been made after the completion of a 3-year program of LSEG companies “employing OpenExchange’s concierge technology service team to stream content through LSEG’s SparkLive platform.”
CEO Mark Loehr stated:
“People are looking for a central and trusted content destination, and we intend to establish LSEG’s SparkLive platform as the destination of choice for public and private company communications. Interactive video will help elevate earnings calls to meaningful events because of the inherent richness in delivery. The interaction gives investors insight and transparency impossible to achieve through a single-dimensional audio-only experience or a transcript. OpenExchange’s values align with LSEG’s commitment to excellence and growing global economies for their customers.”
Julia Hoggett, CEO of the London Stock Exchange, remarked:
“The investment builds on our close collaboration with OpenExchange, allowing us to deliver high-quality live and on-demand content for both our issuers and public and private companies globally through SparkLive, which provides a range of tools for customers to tell their story and reach a global audience. This is important in an increasingly digitised world and also one in which companies want to be able to reduce the environmental impact of their engagement with the capital markets. The pandemic has shown the value of having a high quality and trusted platform to deliver content to companies, public and private, throughout the world to create a more robust and impactful experience for all participants.”
As part of this partnership, OpenExchange will work cooperatively with LSEG’s Issuer Services destination program, “creating a single destination for research analysts and companies to share their vital information.”
With the workflow for multifaceted virtual investor events well-established, the partnership capitalizes on OpenExchange’s “mix of talent, technology, and experience managing the most challenging events in the financial industry, allowing LSEG customers globally to experience innovative communication and information tools in one place.”
Glenna Lynch, Head of Partnerships at OpenExchange, added:
“The OE|LSEG partnership has strengthened over the last three years, as evidenced by the four-fold increase in the number of jointly executed events. OpenExchange has particularly enjoyed working with LSEG on creative solutions for companies throughout EMEA and Asia in multiple formats and languages and looks forward to continuing to deepen this incredible partnership.”
