Finjan Holdings Set to Join Russell Microcap Index
EAST PALO ALTO, CA — (Marketwired) — 06/16/16 — Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity company, today announced that, according to a preliminary list of additions posted on June 10, 2016, Finjan is set to join the Russell Microcap® Index at the conclusion of the Russell U.S. Indexes annual reconstitution on June 24, 2016 and effective after the U.S. market opens on June 27, 2016.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
“The heightened public awareness and visibility that the Russell Microcap Index offers compliments Finjan’s recent accomplishments and near term catalysts,” said Michael Noonan, Finjan’s CFO. “Having recently settled with Proofpoint, successfully navigated through a number of IPRs and looking ahead to the upcoming Sophos trial in September, it has been an exciting few months at Finjan. We continue to focus on transparency and licensing best practices in order to deliver the greatest return to our shareholders.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $6 trillion in assets are benchmarked against the Russell U.S. Indexes.
For more information on the Russell Microcap® Index and the Russell U.S. Indexes reconstitution, go to https://www.ftserussell.com/research-insights/russell-reconstitution.
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Established nearly 20 years ago, Finjan is a globally recognized leader in cybersecurity. Finjan’s inventions are embedded within a strong portfolio of patents focusing on software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan continues to grow through investments in innovation, strategic acquisitions, and partnerships promoting economic advancement and job creation. For more information, please visit www.finjan.com.
Finjan Holdings, Inc.
Capital Markets Group LLC