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Tuesday July 18, 5:02 am Eastern Time
Company Press Release
NetManage Named to the Russell 2000 and 3000 Indices
Company Recognized for Strong Financial Performance And Innovative eBusiness Solutions
CUPERTINO, Calif.--(BUSINESS WIRE)--July 18, 2000--NetManage (Nasdaq:NETM - news), a leading supplier of eBusiness access and application integration solutions, today announced it has been added to the Russell 2000® and Russell 3000® Indices. The Indices are updated and maintained by The Frank Russell Company, a provider of global investment performance measurement products and portfolio analysis tools that focus on improving financial security for investors.
The Russell 1000, 2000 and 3000 indices, as well as midcap, and growth style indices, are part of a family of U.S. market benchmarks that measure the leading 3,000 securities listed in the U.S. equity market. Russell equity indices for Australia, Canada, New Zealand and Japan (calculated with Nomura Research Institute) offer broad market or style benchmarks for investors in these regions. The indices, which are reconfigured each year, are widely used as benchmarks for investment consideration by the financial community. Today, more than $100 billion has been invested in portfolios that use Russell's U.S. indices as a model.
``The addition of NetManage in the Russell indices will further broaden NetManage's recognition among the institutional investment community,'' said Zvi Alon, president and CEO of NetManage. ``As we continue to develop our market-leading eBusiness solutions and help our customers progressively migrate their business-critical applications and information assets to the Web, we strengthen our investment potential as a leader in the new Internet economy.''
About Frank Russell Company
Frank Russell Company, one of the world's leading investment management and advisory firms, provides investment advice, analytic tools and funds to institutional and individual investors in 35 countries. Russell's investment management business employs a manager-of-managers approach with $60 billion in assets under management. The company has retainer consulting relationships with clients representing more than U.S. $1 trillion worldwide. Frank Russell became a subsidiary of The Northwestern Mutual Life Insurance Company in January 1999. Founded in 1936, Russell is headquartered in Tacoma, Wash., and has offices in New York, Toronto, London, Paris, Sydney, Auckland, Singapore and Tokyo.
About NetManage
Founded in 1990, NetManage, Inc. (Nasdaq:NETM - news) delivers information access, publishing, integration and support solutions and services that maximize a company's investment in existing information systems and provide the bridge to the new Internet economy. Award-winning NetManage products and services offerings include a comprehensive portfolio of application integration software, host access software, centralized management and live interactive support solutions that transform corporate information assets into powerful eBusiness solutions. NetManage sells and services products worldwide through its direct sales force, international subsidiaries and authorized channel partners. For more information, visit netmanage.com, send e-mail to pr@netmanage.com or call 978/685-4000 (Eastern Time) or 408/973-7171 (Pacific Time).
Note to Editors: NetManage, the NetManage logo, the lizard-in-the-box logo, RUMBA, ONESTEP, ViewNow, SupportNow, and OnWeb are either trademarks or registered trademarks of NetManage, Inc., its subsidiaries, and affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners.
Contact:
NetManage, Inc.
Anh-Thi Burry, 408/342-7682
anh-thi.burry@netmanage.com |
