Blackboard to be Added to the Russell 2000(R) Index
Monday September 20, 7:01 am ET
WASHINGTON, Sept. 20 /PRNewswire-FirstCall/ -- Blackboard Inc. (Nasdaq: BBBB - News) today announced its stock has been added to the Russell 3000® Index and the Russell 2000® Index when Russell Investment Group reconstituted its family of 21 U.S. indexes on Wednesday, September 15, 2004. Membership remains in place for one year.
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"We are very pleased that Blackboard has been named to the Russell 2000 and Russell 3000 indices," said Michael Chasen, CEO of Blackboard. "We believe inclusion in these indices will increase our visibility to investors and institutions that rely on them as part of their investment strategy, providing us with the opportunity to expand our shareholder base."
Produced by the Frank Russell Company, the Russell 2000 index is a subset of the Russell 3000, which measures the performance of the 3000 largest U.S.-based companies ranked by market capitalization. The Russell 2000 is an index of the 2000 smallest companies on the Russell 3000 list, offering investors access to the small-cap segment of the U.S. equity universe.
About Blackboard Inc.
Blackboard is a leading provider of enterprise software and services to the education industry. The Company's product line consists of five software applications bundled in two suites, the Blackboard Academic Suite(TM) and the Blackboard Commerce Suite(TM). Blackboard's clients include colleges, universities, schools and other education providers, as well as textbook publishers and student-focused merchants that serve education providers and their students. Blackboard is headquartered in Washington, D.C., with offices and staff in North America, Europe and Asia. |
