Chordiant Software has been added to the Russell 3000, a leading financial index which tracks the largest US stocks by market capitalization.
The Frank Russell Company unveiled its annual changes to the Russell 3000 Index on 12 June when it issued preliminary lists of companies to be added to and deleted from the equity index.
The company was one of the California-based ‘new economy’ outfits that make up 36 per cent of this year’s additions to the list, selected on the basis of market capitalization rankings and style attributes.
CEO Sam Spadafora said, “We are delighted to be added to one of the nation’s most widely followed financial indexes. We also appreciate the increased visibility with the investment community.”
Compiled by Russell/Mellon Analytical Services, the index is made up of the largest publicly traded companies in the U.S. The rebalanced index remains in place for one year.
The Chordiant’s suite of applications enables consumer companies to implement best business practices over the web, via email, through call centers, or in branches. It includes built-in support for voice, data and internet integration, as well as a comprehensive workflow engine. Chordiant empowers high-value contacts designed to retain customers, grow revenue and drive profits during every contact.
The system has been selected by several of the world’s leading consumer companies, including Thomas Cook Global Services, MetLife, GM OnStar, First USA, Cable and Wireless Communications, and Bank One International. Headquartered in Cupertino, California, the company has regional offices in Chicago, Dallas, New York, and London, Amsterdam and Germany.