Mitek Selected to Join Russell 3000(R) and Russell Global Indexes
SAN DIEGO, June 27, 2013 (GLOBE NEWSWIRE) -- Mitek (Nasdaq:MITK)
(www.miteksystems.com), a leading mobile imaging software solutions provider,
today announced that it has been selected to join the Russell 3000® and
Russell Global Indexes when Russell Investments reconstitutes its
comprehensive set of U.S. and global equity indexes on June 28, 2013,
according to the updated list of additions posted on June 21, 2013 and
available at www.russell.com/indexes.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. Approximately $4.1 trillion in assets are benchmarked
to the Russell Indexes.
About Russell 3000® and Russell Global Indexes
The Russell 3000 Index measures the performance of the largest 3000 U.S.
companies representing approximately 98% of the investable U.S. equity
The Russell 3000 Index is constructed to provide a comprehensive, unbiased,
and stable barometer of the broad market and is completely reconstituted
annually to ensure new and growing equities are reflected.
The Russell Global Index measures the performance of the global equity market
based on all investable equity securities. All securities in the Russell
Global Index are classified according to size, region, country, and sector, as
a result the Index can be segmented into thousands of distinct benchmarks.
The Russell Global Index is constructed to provide a comprehensive and
unbiased barometer for the global segment and is completely reconstituted
annually to accurately reflect the changes in the market over time.
Headquartered in San Diego, CA., Mitek (Nasdaq:MITK) is a mobile imaging
software solutions provider that allows users to remotely deposit checks, pay
their bills, get insurance quotes, and transfer credit card balances by
snapping a picture with their camera-equipped smartphones and tablets instead
of using the device keyboard. Mitek's technology increases convenience for the
consumer by eliminating the need to go to the bank branch or automated teller
machine, and dramatically reduces processing and customer acquisition costs
while increasing customer retention. With a strong patent portfolio, Mitek is
positioned as the leading innovator in mobile imaging software and currently
provides its solutions to Fortune 500 financial services companies. For more
information about Mitek, please visit http://www.miteksystems.com. MITK-F
Connect with us on Facebook: http://www.facebook.com/MitekSystems
Follow us on Twitter: @miteksystems
See us on YouTube: http://www.youtube.com/miteksystems
Read our latest blog post: http://www.miteksystems.com/blog
CONTACT: Peter Salkowski
Managing Director, The Blueshirt Group
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