NEW YORK, Sept. 18, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that trading of Benefitfocus, Inc. (Nasdaq:BNFT), a leading provider of cloud–based benefits software solutions, commenced on The NASDAQ Stock Market on Wednesday, September 18, 2013.
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The BENEFITFOCUS® Platform provides an integrated suite of solutions that enables our customers (which are employers and insurance carriers) to more efficiently shop, enroll, manage and exchange benefits information. The Benefitfocus Platform has served more than 20 million consumers. The cloud-based Benefitfocus Platform has a user-friendly interface designed to enable insured individuals and their dependents (referred to as consumers or members) to access all of their benefits in one place, including core medical, dental and a variety of voluntary benefits plans as well as wellness programs.
"Benefitfocus has designed its platform to offer customers a comprehensive benefits administration solution," said Nelson Griggs, Senior Vice President, NASDAQ OMX Corporate Client Group. "NASDAQ congratulates Benefitfocus on their initial public offering, and we look forward to our partnership with Benefitfocus and its shareholders in the years to come."
NASDAQ OMX has been the exchange of choice for some of the world's largest and most revolutionary companies. By listing with NASDAQ OMX, Benefitfocus joins leading technology companies including Angie's List, Inc. [ANGI], TechTarget, Inc. [TTGT] and Perion Network Ltd. [PERI].
About NASDAQ OMX Group:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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CONTACT: Christine Barna (646) 441-5310 Christine.Barna@nasdaqomx.com
Source:The NASDAQ OMX Group, Inc.