NEW YORK, Feb. 9, 2012 (GLOBE NEWSWIRE) -- NY Tech Meetup (NYTM) and NASDAQ OMX (Nasdaq:NDAQ) today announced a partnership focused on engaging, educating and promoting New York City's technology community in unique and relevant ways. The partnership will include the collaborative production of a series of videos featuring New York-based tech companies and their founders; an event series focused on women in technology, held at the NASDAQ MarketSite in the heart of Times Square; and a public service announcement highlighting New York as the ideal place to build and nurture a technology company.
Frank DeMaria, Senior Vice President of Corporate Communications, NASDAQ OMX said: "NASDAQ OMX has been supporting and celebrating grassroots innovation since we invented electronic trading in 1971, and many of the most influential, forward-thinking technology and internet companies in the world call us home. We believe we have a unique understanding of the needs of companies at all stages, as well as a deep-rooted appreciation for innovation in all of its forms. We are excited to partner with NY Tech Meetup to offer the tech community relevant resources, networking opportunities and visibility platforms as they progress."
Jessica Lawrence, Managing Director of NY Tech Meetup, said: "NY Tech Meetup is looking forward to collaborating with NASDAQ OMX to showcase New York's thriving technology community. Our partnership will provide a unique opportunity to highlight the city as the ideal place to build a technology startup, and will strengthen the tech ecosystem even further through educational, connection-building opportunities."
Founded in 2004 around monthly demo events highlighting New York City start-ups, NYTM is now a not-for-profit organization supporting and promoting the area's technology community.
NASDAQ is currently home to more than 73% of all information technology and telecommunications companies that list their shares on U.S. markets, with a combined market cap of more than $2.3 trillion. In the second half of 2011, NASDAQ dominated the technology sector with 9 of the 11 technology IPOs listing on NASDAQ including Zynga, Zillow, Carbonite, Tudou, Angie's List, Jive and Intermolecular. NASDAQ is also home to 82% of internet companies, including Google, Amazon.com, Ebay, Yahoo!, Groupon, TripAdvisor, HomeAway and Yandex, the largest internet IPO in 2011 based on proceeds raised.
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 3,500 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/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
Neither The NASDAQ OMX Group, Inc. nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
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 the partnership between NASDAQ OMX and NY Tech Meetup and 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.
Founded in 2004 by meetup.com founder Scott Heiferman and co-founded by Dawn Barber, the NY Tech Meetup has almost 20,000 members, representing professionals from all parts of the New York technology community. NYTM centers around its monthly events, where members gather to watch emerging companies demo new ideas, hear leading-edge thinking on technology topics, and build their networks to develop their businesses. NYTM has been integral in the birth of New York's new Silicon Alley, with nearly every notable new company, including Foursquare and Tumblr, making their debut at a NYTM demo. NYTM is a not-for-profit, community-led organization. Its Managing Director is Jessica Lawrence, Executive Director is Nate Westheimer and Chair of the Board is Andrew Rasiej. www.nytm.org
CONTACT: Media Contact for NYTM: Laurie Jakobsen, Jaybird Communications 646-484-6764 / email@example.com Media Contact for NASDAQ: Frank DeMaria 212 231 5183 / firstname.lastname@example.org Alex Honeysett 646 441 5211 / Alexandra.email@example.com