Business
Kaltura set to join Russell 3000® Index
NEW YORK, June 06, 2023 (GLOBE NEWSWIRE) -- Kaltura, Inc. (“Kaltura”), the video experience cloud, today announced that it is expected to join the
About this update from Kaltura, Inc.
[{"type":"text","content":"NEW YORK, June 06, 2023 (GLOBE NEWSWIRE) -- Kaltura, Inc. (“Kaltura”), the video experience cloud, today announced that it is expected to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market closes on June 23, 2023, according to a preliminary list of additions posted on May 19, 2023. Annual Russell indexes reconstitution captures the 3,000 largest US stocks as of April 28, 2023, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, 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. “The addition of Kaltura to the Russell 3000® Index builds on the increasing momentum in our business,” said Ron Yekutiel, Co-founder, Chairman and Chief Executive Officer of Kaltura. “Kaltura’s inclusion in the Russell indexes marks another step forward which will continue expanding our reach broadly within the investment community.” Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website. About KalturaKaltura’s mission is to power any video experience for any organization. Our Video Experience Cloud offers live, real-time, and on-demand video products for enterprises of all industries, as well as specialized industry solutions, currently for educational institutions and for media and telecom companies. Underlying our products and solutions is a broad set of Media Services that are also used by other cloud platforms and companies to power video experiences and workflows for their own products. Kaltura’s Video Experience Cloud is used by leading brands reaching millions of users, at home, at school and at work, for communication, collaboration, tr...