Kaltura, Inc. (“Kaltura”), the video experience cloud, today
announced that it is expected to join the broad-market Russell
3000® Index at the conclusion of the 2023 Russell indexes annual
reconstitution, effective after the US market closes on June 23,
2023, according to a preliminary list of additions posted on May
19, 2023.
Annual Russell indexes reconstitution captures the 3,000 largest
US stocks as of April 28, 2023, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
“The addition of Kaltura to the Russell 3000® Index builds on
the increasing momentum in our business,” said Ron Yekutiel,
Co-founder, Chairman and Chief Executive Officer of Kaltura.
“Kaltura’s inclusion in the Russell indexes marks another step
forward which will continue expanding our reach broadly within the
investment community.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell’s US indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About KalturaKaltura’s mission is to power any
video experience for any organization. Our Video Experience Cloud
offers live, real-time, and on-demand video products for
enterprises of all industries, as well as specialized industry
solutions, currently for educational institutions and for media and
telecom companies. Underlying our products and solutions is a broad
set of Media Services that are also used by other cloud platforms
and companies to power video experiences and workflows for their
own products. Kaltura’s Video Experience Cloud is used by leading
brands reaching millions of users, at home, at school and at work,
for communication, collaboration, training, marketing, sales,
customer care, teaching, learning, virtual events, and
entertainment experiences.
About FTSE RussellFTSE Russell is a global
index leader that provides innovative benchmarking, analytics and
data solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20.1
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements contained in this press release
that do not relate to matters of historical fact should be
considered forward-looking statements, including but not limited
to, statements regarding our expected inclusion in the Russell
3000® Index and the effects thereof, as well as increasing momentum
in our business.
In some cases, you can identify forward-looking
statements by terminology such as “aim,” “anticipate,” “assume,”
“believe,” “contemplate,” “continue,” “could,” “due,” “estimate,”
“expect,” “goal,” “intend,” “may,” “objective,” “plan,” “predict,”
“potential,” “positioned,” “seek,” “should,” “target,” “will,”
“would” and other similar expressions that are predictions of or
indicate future events and future trends, or the negative of these
terms or other comparable terminology, although not all
forward-looking statements contain these words. Any forward-looking
statements contained herein are based on our historical performance
and our current plans, estimates and expectations and are not a
representation that such plans, estimates, or expectations will be
achieved. These forward-looking statements represent our
expectations as of the date of this press release. Subsequent
events may cause these expectations to change, and we disclaim any
obligation to update the forward-looking statements in the future,
except as required by law. These forward-looking statements are
subject to known and unknown risks and uncertainties that may cause
actual results to differ materially from our current expectations.
Important factors that could cause actual results to differ
materially from those anticipated in our forward-looking statements
include, but are not limited to, our ability to manage and sustain
our rapid growth; our ability to achieve and maintain
profitability; the evolution of the markets for our offerings; the
quarterly fluctuation in our results of operations; our ability to
retain our customers; our ability to keep pace with technological
and competitive developments; and the other risks under the caption
“Risk Factors” in our Annual Report on Form 10-K for the fiscal
year ended December 31, 2022, filed with the Securities and
Exchange Commission (“SEC”), as such factors are updated in our
Quarterly Report on Form 10-Q for the quarterly period ended March
31, 2023 and may be updated from time to time in our other filings
with the SEC, which are accessible on the SEC’s website at
www.sec.gov and the Investor Relations page of our website at
investors.kaltura.com.
Investor Contacts:Kaltura, Inc.Yaron
GarmaziChief Financial OfficerIR@Kaltura.com
Sapphire Investor Relations, LLCErica Mannion and Michael
FunariIR@Kaltura.com+1 617 542 6180
Media Contacts:Kaltura, Inc.Lisa
Bennettpr.team@kaltura.com
Headline MediaRaanan Loewraanan@headline.media +1 347 897
9276
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