PALO ALTO, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE:OOMA), a smart communications platform for small businesses and consumers, announced today it was added to the Russell 2000® and Russell 3000® Indexes following Russell Investments' reconstitution of its comprehensive set of U.S. and global equity indexes. The Russell 2000® Index is a subset of the Russell 3000® Index composed of small-cap stocks. The newly reconstituted indexes took effect after the close on Friday, June 23.
Russell indexes are the leading US equity benchmarks for investment managers and institutional investors, and make up the building blocks of a broad range of financial products, such as index tracking funds, derivatives, and exchange traded funds (ETFs). $8.5 trillion in assets are benchmarked to or invested in products based on the Russell US indexes.
“We are pleased Ooma has been included in the Russell 2000 and 3000 Indexes. Our inclusion in these indexes further validates the company's significant accomplishments to date, and assists in communicating our exciting story to a wider financial audience,” said Eric Stang, chief executive officer of Ooma. “We look forward to garnering additional visibility as we continue to execute our strategy for growth in small business and residential markets.”
About Ooma, Inc.
Founded in 2004, Ooma creates new communications experiences for small businesses and consumers. Its smart platform serves as a communications hub, which offers cloud-based telephony, internet security, home security and other connected services. Ooma combines PureVoice HD call quality and innovative features with mobile applications for reliable anytime, anywhere calling. The company has been ranked the No. 1 home phone service for overall satisfaction and value for five consecutive years by the leading consumer research publication. Ooma is also partnering with connected device makers to create smarter offices and homes. Ooma is available in stores and online from leading retailers. For more information about Ooma, please visit www.ooma.com or follow us on Twitter, LinkedIn or Facebook.
Ooma, PureVoice and the Ooma logo are trademarks of Ooma, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.