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Andover, Massachusetts - (Website Hosting Directory) - December 5, 2007 - Hosting and content delivery services firm, NaviSite, has been chosen by Nasdaq Stock Market, Inc. for inclusion in the new Internet Index.
Arthur Becker, Chief Executive Officer, NaviSite remarked, ''We are pleased to have been chosen to be a member of the NASDAQ Internet Index that is the benchmark for an important and dynamic sector of the U.S. economy and global innovation. The inclusion recognizes not only our leadership position in this sector, but also shows market confidence in our ability to drive growth and innovation in tune with the leaders in this dynamic and fast-growing segment.''&
The index, introduced earlier this week, is designed to track the performance of the largest and most liquid internet stocks listed and actively traded on any of the major U.S. stock exchanges According to NASDAQ, the index includes some of the most exciting and innovative publicly-traded internet companies engaged in a broad range of internet related services including, but not limited to, internet access, search engines, web hosting, web design and e-Commerce.
The Internet Index is part of NASDAQ’S Financial Products (NFP), which is engaged in the design, development, calculation, licensing, and marketing of NASDAQ indexes. NFP specializes in the development of indexes focusing on NASDAQ's brand themes of innovation, technology, growth, and globalization. NFP also provides custom index services and design solutions as a third-party provider to selected financial organizations.
NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
NaviSite's Internet solutions, from colocation and web hosting to managed services and application management, are designed to service mid-market organizations, with a virtual server platform specifically designed to deliver a high-performance, flexible IT environment that rapidly scales. NaviSite is a provider of application solutions, hosting and content delivery services, with over 950 customers in 14 data centers; offices in the US, UK and India. NaviSite outsources enterprise applications and related technology services to drive IT Efficiency and Effectiveness. NaviSite delivers application implementation and management, hosting and content delivery services, along with complex application and IT services for mid sized companies.
For more information about NaviSite, please visit: www.navisite.com.
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