Inpixon, the Indoor Intelligence™ company, announced that it has been added to the Russell Microcap Index, following the annual Russell indexes reconstitution, effective after the U.S. market opens today, June 28, 2021, according to a final list of additions posted on June 25, 2021.
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Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Membership in the Russell Microcap Index, which remains in place for one year, results in automatic inclusion in Russell’s appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.
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Nadir Ali, CEO of Inpixon, commented, “We are pleased to be included in the Russell Microcap Index. We believe this addition is reflective of our continued growth over the past year as we completed meaningful acquisitions and enhanced our Indoor Intelligence platform. We also added our smart office app with The CXApp acquisition which is being used by large enterprises to facilitate safe office re-openings, desk bookings, employee engagement and hybrid events. We are experiencing strong demand for our solutions and believe the Russell Microcap Index inclusion will help improve awareness, liquidity, and exposure of our securities within the global community of institutional and retail investors.”