In May 2022, the company was founded in Milan as a spin-off of Fondazione Etica to carry on its activity of analysis and evaluation of the public sector. 

Therefore, the company is the exclusive licensee of the Public Rating patents, owned by Fondazione Etica, the first of which was registered in 2012 at the Italian Patent & Trademark Office (Ufficio Italiano Brevetti e Marchi), under No. 0001511209.