- Why Wdesk
Workiva Joins Russell 2000 and Russell 3000 Indexes
AMES, IA - April 1, 2015 – Workiva Inc. (NYSE: WK), creator of the Wdesk cloud-based productivity platform for business data collaboration and reporting, was added as a member of the U.S. small-cap Russell 2000® Index after the equity markets closed on March 31 as part of Russell Investment’s quarterly additions of select initial public offering (IPO) companies. Membership in the Russell 2000 is based on membership in the broad-market Russell 3000® Index. The stock also was added systematically to the appropriate growth and value indexes.
“We are very pleased to be included in the Russell 2000 and Russell 3000 Indexes,” said Matt Rizai, Chairman and CEO of Workiva. “Our inclusion represents an opportunity to increase our visibility within the investment community and expand our shareholder base.”
The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity market. The Russell 2000 Index is a subset of the Russell 3000 Index representing approximately 10% of the total market capitalization of that index. Eligible initial public offering (IPO) companies are added to Russell Indexes at the end of each calendar quarter to ensure that new additions to the institutional investor opportunity set are reflected in representative 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. Today, approximately $5.2 trillion in assets are benchmarked to the Russell Indexes.
Workiva created Wdesk, a cloud-based platform for enterprises to collect, manage, report and analyze business data in real time. Wdesk includes a sophisticated productivity suite for business data collaboration and reporting that is used by thousands of corporations, including more than 65 percent of the Fortune 500. Wdesk proprietary word processing, spreadsheet and presentation applications are fully integrated and built upon the Workiva data management engine. Wdesk helps reduce enterprise risk and increase productivity with synchronized data, controlled collaboration, granular permissions and a full audit trail. This gives users confidence to make decisions with real-time data. Workiva employs more than 950 people with offices in 15 cities and is headquartered in Ames, Iowa.
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