Code Rebel Set to Join Russell 3000 Index
Jun 15, 2015, 09:15 ET
MAUI, Hawaii and NEW YORK, June 15, 2015 /PRNewswire/ -- Code Rebel Corp. (NASDAQ: CDRB), an enterprise software company focused on developing innovative technologies to simplify access and communication with and between virtually any computer, tablet or smartphone, announced today it is set to join the broad-market Russell 3000® Index at the conclusion of the Russell indexes annual reconstitution on June 26, according to a preliminary list of additions posted June 12.
Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective market-capitalization rankings and style attributes.
Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $5.7 trillion in assets are benchmarked to the Russell U.S. Indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
About Code Rebel
Code Rebel is an enterprise software company that develops, licenses and supports computer software designed for employee productivity and enterprise security across multiple platforms. The proprietary Code Rebel iRAPP software seeks to address the growing requirement of corporate IT departments to provide secure employee access from all their devices to all their devices and to other corporate resources. Code Rebel was co-founded by its computer engineering team to address the demand in the marketplace for secure interoperability between mobile, desktop and server environments with seamless interaction between Apple and Microsoft devices and software. The company supports its enterprise licensees from diverse industries, including banking, healthcare, retail, pharmaceutical, education and telecommunications.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 80 countries, covering 98% of the investable market globally and trading on over 25 exchanges worldwide.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Leading asset owners, asset managers, ETF providers and investment banks use FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance. FTSE Russell is also focused on index innovation and client collaboration as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com.
This press release contains information about Code Rebel's view of its future expectations and plans that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements. Code Rebel encourages you to review other factors that may affect its future results in Code Rebel's public filings with the Securities and Exchange Commission.
Code Rebel Investor Relations
Investor Awareness Inc.
Phone: (847) 945-2222 EXT.221
Email: [email protected]
SOURCE Code Rebel Corp.
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