OVERLAND PARK, Kan., June 27, 2014 (GLOBE NEWSWIRE) -- Cartesian, Inc. (Nasdaq:CRTN), a specialist provider of consulting services and managed solutions to the global communications, technology and digital media industries, announced today that it has been added to the Russell Microcap®Index in today's reconstitution of Russell Investments' comprehensive set of U.S. and global equity indexes.
Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Donald Klumb, Cartesian's Chief Executive Officer, said, "Our inclusion in the Russell Microcap Index demonstrates the progress we have made driving improved performance and transforming our business. We anticipate our joining the index will assist in increasing our visibility within the investment community as we continue to execute on our strategy and tell the Cartesian story."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell calculates more than 700,000 benchmarks daily covering approximately 98 percent of the investable market globally, 80 countries and more than 10,000 securities. Approximately $5.2 trillion in assets are benchmarked to the Russell Indexes.
About Cartesian, Inc.
Cartesian, Inc. (Nasdaq:CRTN) is a specialist provider of consulting services and managed solutions to leaders in the global communications, technology and digital media industries. Cartesian provides consulting in strategy, execution and managed solutions to clients worldwide. The company has offices in Boston, Kansas City, London, New York and Washington. For more information about the company and its services, visit www.cartesian.com.