E2open Joins Russell 2000® and Russell 3000® Indexes

Rhea-AI Summary

E2open Parent Holdings (ETWO) has been added to the Russell 3000 Index, effective June 28, 2021. This membership also results in automatic inclusion in the Russell 2000 Index and associated growth and value style indexes. The Russell indexes are crucial for investment managers, with $10.6 trillion in assets benchmarked against them. E2open's CFO, Jarett Janik, expressed that this inclusion will enhance the company's visibility and expand its shareholder base, signaling potential growth opportunities for investors.

Positive

• Inclusion in the Russell 3000 Index increases visibility within the investment community.
• Automatic inclusion in the Russell 2000 Index may attract more institutional investors.

Negative

• None.

E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of 100% cloud-based, mission-critical, end-to-end supply chain management software, has been added as a member of the broad-market Russell 3000 Index, effective June 28, 2021.

Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000 Index as well as the appropriate growth and value style indexes.

"We are very pleased to be included in the Russell 2000 and Russell 3000 indexes," said Jarett Janik, chief financial officer at E2open. "Our inclusion represents an opportunity to increase our visibility within the investment community and expand our shareholder base."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

About E2open

At E2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from clients, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply and logistics ecosystems. E2open is changing everything. Demand. Supply. Delivered.™ Visit www.e2open.com.

E2open and the E2open logo are registered trademarks of E2open, LLC. Demand. Supply. Delivered. is a trademark of E2open, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210706005738/en/

FAQ

When did E2open join the Russell 3000 Index?

E2open joined the Russell 3000 Index effective June 28, 2021.

What is the significance of being included in the Russell 3000 Index for ETWO?

Inclusion in the Russell 3000 Index enhances visibility and may expand E2open's shareholder base.

How much asset management is benchmarked to Russell indexes?

Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes.

What does E2open's inclusion in the Russell 2000 Index mean?

Being included in the Russell 2000 Index means that E2open is recognized as a small-cap stock, which could attract more investment.