NaviSite, Inc. (NASDAQ: NAVI), a leading internet services provider for
application management and managed hosting solutions, today announced
that it has been chosen by
Nasdaq Stock Market, Inc. (NASDAQ:NDAQ) for
inclusion in the new Internet Index (NASDAQ:QNET). 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.
"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,”
said Arthur Becker, Chief Executive Officer, NaviSite.”
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 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.
About NASDAQ
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/.
About NaviSite
NaviSite is a leading internet service provider of application
management and managed hosting solutions. Customers depend on NaviSite
for application development, implementation and management on its web
infrastructure platforms in 16 state-of-the art data centers supported
by more than 700 professionals. NaviSite provides customized and
scalable solutions leveraging its broad range of application development
capabilities, packaged software implementation expertise, deep portfolio
of best in class technologies and a full suite of web-hosting and
internet infrastructure options. For more information, please visit www.navisite.com.
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