NEW YORK, Oct. 18, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) announced today that the trading of Ubiquity Networks (Nasdaq:UBNT), a next-generation communications technology company, commenced on The NASDAQ Stock Market on October 14, 2011.
"NASDAQ is thrilled to have Ubiquiti Networks list on The NASDAQ Stock Market, and is proud to have them join our global family of similarly innovative companies," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group, "We look forward to a long partnership with Ubiquiti and wish them continued success as a public company."
Ubiquiti Networks is a next-generation communications technology company that designs and manufactures proprietary technologies. Since its foundation in 2005, Ubiquiti's next-generation communications products and solutions have bridged the digital divide between emerging and developed markets by fundamentally changing the economics of deploying high performance networking solutions in underserved and underpenetrated markets globally. Their technology platforms AirMax, UniFi, and AirVision, focus on delivering industry-leading performance, compelling price-performing characteristics and an unparalleled user experience. Ubiquiti has reduced high product and network deployment costs and other business model inefficiencies to enable rapid market adoption of their products and solutions in emerging markets.
Since its inception, NASDAQ OMX has consistently been the exchange of choice for progressive and cutting-edge information technology companies like Ubiquiti. Ubiquiti joins some of the world's largest and most reputable technology companies on The NASDAQ Stock Market, including Apple, Microsoft, Oracle, Google, Intel, Cisco, Ericsson, eBay, Baidu, Yahoo, Adobe and Dell.
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 more than 3,500 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/pages/NASDAQ-OMX/1081...) and Twitter (http://www.twitter.com/nasdaqomx).
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Jennifer Knapp +1 212 401 8916 Jennifer.Knapp@nasdaqomx.com
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