NEW YORK, April 3, 2014 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that trading of Tarena International, Inc. (Nasdaq:TEDU), a leading provider of professional education services in China, commenced on The NASDAQ Global Select Market on April 3, 2014.
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Tarena is the largest provider of IT professional education services in China with a market share of 8.3% as measured by revenues in 2013 according to IDC, a third-party research firm. Tarena complements live instruction and tutoring with a proprietary learning management system, named the Tarena Teaching System, or TTS. Through this education platform, Tarena provides job-oriented education with measurable outcomes, as demonstrated by high job placement rates and students' academic performance. Since its inception in 2002, Tarena has trained over 130,000 students, cooperated with more than 500 universities and colleges and placed students with approximately 35,000 corporate employers in a variety of industries.
"Tarena's innovative education platform combines live distance instruction, classroom-based tutoring and online learning modules which provide students with the practical knowledge to prepare them for their future," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group. "We congratulate Tarena on a successful initial public offering and we welcome them to the NASDAQ family."
By listing with NASDAQ, Tarena International, Inc. joins some of the world's largest and most revolutionary companies. NASDAQ® is the exchange of choice to over 70 percent of public technology companies listed in the U.S. markets.
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NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,200 listed companies with a market value of over $8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
CONTACT: Media Relations Contact: Christine Barna (646) 441-5310 Christine.Barna@nasdaqomx.com
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