Stockholm, July 4 2011 – NASDAQ OMX (NASDAQ:NDAQ) announces that Vitec Software Group AB (VIT B), a small cap company within the Information Technology sector, today starts trading of its shares on the main market of NASDAQ OMX Stockholm. Vitec is the 9th company to list at NASDAQ OMX main markets in 2011, and is the first company to move its listing from Aktietorget directly to the NASDAQ OMX main market.
Founded in 1985, Vitec is a market leading supplier in Sweden of software for real estate companies, real estate agents and newspaper companies. Vitec also provides administrative and technical forecasting software to the energy industry in the Nordic countries. The Vitec Group has nearly 300 employees spread over six offices in Sweden, and through the partly owned subsidiary 3L System AB, an additional two offices in Sweden and one in the U.S. Vitec had an annual turnover in 2010 of 316 million SEK.
Lars Stenlund, CEO of Vitec commented: “Today’s listing is carried out in order to facilitate Vitec’s continued development and expansion. It is the board’s assessment that the company will benefit from the quality seal that comes with a listing on NASDAQ OMX’s main market. Furthermore, the listing is also expected to strengthen the Vitec brand and thus reinforce our position among customers, employees, investors and media.”
Jenny Rosberg, Senior Vice President at NASDAQ OMX said: Vitec is an excellent example of the Nordic IT entrepreneurship, and will make a valuable addition to our technology sector. Vitec is yet another company to move its listing from a local growth market to NASDAQ OMX main market, where they will benefit from increased investor exposure and join one of Europe’s most liquid equity markets.”
- # -
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
- # -
+46 8 405 66 39
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.