NEW YORK, Feb. 12, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced that trading of Inovalon Holdings, Inc. (Nasdaq:INOV) a leading technology provider of advanced cloud-based data analytics and data-driven intervention platforms to the healthcare industry, commenced on The Nasdaq Stock Market on February 12, 2015.
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Inovalon is a leading technology company that combines advanced cloud-based data analytics and data-driven intervention platforms to achieve meaningful insight and improvement in clinical and quality outcomes, utilization, and financial performance across the healthcare landscape. Their powerful platforms drive high-value impact, improving quality and economics for health plans, hospitals, physicians, patients, pharmaceutical companies, and researchers. The value they deliver to their clients is achieved by turning data into insights and those insights into action. During 2014, this value was provided to more than 100 clients, representing approximately 200 patient populations, through analytics informed by Inovalon's proprietary data and insights on more than 754,000 physicians, 248,000 clinical facilities, and 120 million unique patients.
"Inovalon uses advanced cloud –based technology solutions to provide meaningful improvement to healthcare organizations and patients nationwide," said Nelson Griggs, Executive Vice President, Listing Services at Nasdaq. "We are excited to welcome Inovalon to the family of innovative technology companies that call Nasdaq home and we look forward to their continued growth and success in the future."
By listing with Nasdaq, Inovalon joins many of the world's largest and most revolutionary technology companies. Nasdaq is the exchange of choice to over 72 percent of technology companies listed in the U.S. markets.
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Source:The NASDAQ OMX Group, Inc.