NEW YORK, Sept. 23, 2016 (GLOBE NEWSWIRE) -- Gridsum Holding Inc. (Nasdaq:GSUM), a leading provider of sophisticated data analysis software based in Beijing, China, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. This is the fourth China-based company to list on Nasdaq in 2016.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/08c7599a-4d22-4c4e-a021-95779600aa56
Gridsum’s proprietary distributed data architecture allows its customers – mainly multinational and domestic enterprises and government agencies in China – to efficiently collect and analyze vast amounts of structured and unstructured data. Gridsum’s solutions analyze data from approximately 61 million internet and mobile sessions per day from users operating on over 233 million desktop and mobile devices.
"Gridsum is among one of the first data intelligence companies in China that build solutions entirely on a distributed data warehouse architecture using the open source Hadoop framework,” said Guosheng Qi, Co-Founder, Chairman and CEO at Gridsum. "Since our founding in 2005, we have devoted significant resources in R&D to provide our customers comprehensive business intelligence solutions. Today’s listing on Nasdaq validates our leading position in advanced analytics, and further carries our success in data processing internationally.”
“The ability to efficiently capture, analyze and take actions on data is key to organizations of all types to stay competitive,” said Bob McCooey, Senior Vice President, Listing Services, Nasdaq. “We congratulate Gridsum on another milestone of the company and look forward to supporting their commitment in developing breakthrough technology in the era of big data.”
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. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq 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.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.3 trillion and nearly 18,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
- NDAQG -