Printer Friendly

I-many Joins the Russell 3000 and 2000 Indexes.

Business Editors

PORTLAND, Me.--(BUSINESS WIRE)--July 10, 2001

I-many, Inc. (NASDAQ:IMNY), the leader in contract management solutions, announced today that it has been added to the Russell 3000(R) and Russell 2000(R) Indexes published Monday by the Frank Russell Company. The Frank Russell Company, one of the world's leading investment management and advisory firms, provides investment and analytic tools and diversified funds to institutional and individual investors in 35 countries.

The Russell 3000(R) Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents 98% of the investable U.S. equity market. The purpose of the index is to act as a performance standard for active managers, to serve as a proxy for asset allocation purposes, and to become a purchasable and replicable vehicle for passive investment strategy. The Russell 2000(R) measures the performance of the 2,000 smallest companies in the Russell 3000(R) Index.

A. Leigh Powell, President and CEO of I-many, stated, "We are very pleased to have qualified for this reputable equity index, as it enables I-many to be introduced to new investors, both institutional and individual. We believe that our inclusion in the Russell Indexes will contribute to our goal of creating long-term, sustainable shareholder value."

About I-many

I-many (NASDAQ: IMNY) is the leader in providing software and Internet-based contract management solutions and related professional services which enable businesses to manage complex trade relationships and facilitate business-to-business e-commerce. The company's software is used by 8 of the largest 10 healthcare manufacturers in the world and leading consumer goods companies. The company estimates that its solutions help manage more than $45 billion in contracted commerce per year. For more information, visit the company Web site at www.imany.com.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 10, 2001
Words:296
Previous Article:Industry Visionaries From HP, IKON, Imaging Portals and Xerox Will Address the Importance of Succeeding in Today's Office Products Marketplace.
Next Article:Credit Suisse Private Banking and Reuters Announce Multi Million Dollar Agreement to Expand Online Private Banking Services.


Related Articles
Russell Posts Lists of Likely Additions/Deletions to Its U.S. Indexes; Preliminary Lists Show More Than 600 Companies Will Join the Russell 3000...
The Dow and other stock indexes.
Russell Index Adjustment Shows Tech Wreck in California; Updated Lists of Index Additions/Deletions Posted Today on www.russell.com.
Bruker Daltonics Added to the Russell 2000 Index.
Curis Added to the Russell 2000 and 3000 Indexes.
Raytech Corporation Slated to Join Russell 3000 Index.
Ducommun Incorporated Added to Russell 2000 Index.
Only 28 IPOs Set for Addition to Russell's Reconstituted Indexes; Annual Process Keeps Stock Benchmarks Tuned to Market Realities.
Westmoreland Slated To Join Russell 3000 Index.
IVAX Diagnostics Set To Join Russell 3000 Index.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters