Russell Microcap Index Marks Fusion
Perception is everything in life. Just a few short years ago the cloud was a murky, unclear proposition at best. But in its brief history, cloud computing continues to prove its worth and then some; from the data center to enterprise communications, this burgeoning technology is driving the digital transformation at hand, powering industry into the digital era. So I’d say its perception has shifted a bit.
Cloud computing has reached the big time, and sitting at the fore of this revolution is Fusion, a leading provider of cloud services. This cloud communications provider is pushing the envelope of innovation, and earned very positive attention with the announcement this week that Fusion (NASDAQ: FSNN) has been added to the Russell Microcap Index.
The inclusion means that, for the upcoming year, Fusion earns automatic inclusion into appropriate value style and growth indexes. From an investment standpoint, this is a major coup for the Fusion team, as Russell indexes are readily used tools by investors and investment managers for index funds, as well as benchmarks for active investment strategies.
“We welcome our inclusion into one of the most widely followed benchmarks for emerging growth companies,” said Matthew Rosen, Fusion’s CEO. “Over the past five years, we have developed a highly compelling platform that we believe is unique in the marketplace and positions Fusion to effectively capitalize on the $200 billion cloud services market opportunity. We continue to build momentum in our operational and financial performance, and our addition to the Russell Microcap Index represents another key milestone for Fusion as we look to raise our visibility within the institutional investment community.”
FTSE Russell sets out to provide investment professionals with a “true picture of global markets,” making it a go-to source for industry expertise. With the cloud evolving from fiction to fad; and now mainstream firms are facilitating growth with this nascent technology. These types of announcements hammer home the reality of our digital era: It’s cloud or bust.
Edited by Alicia Young