Tecnotree is upgraded to Nasdaq Helsinki’s Mid Cap segment
Tecnotree Oyj, a leading global telecom software and ecosystem provider from Finland, will move to the Mid Cap segment on Nasdaq Helsinki effective January 3, 2022. The change from Small Cap to Mid Cap is a result of Nasdaq's annual review of the average market value in the Nordic market segments. The Mid Cap segment includes companies with a market capitalization between EUR 150 million and EUR 1 billion.
2021 has been another historical year for the company with several accolades adding feather to its cap:
1. Came out of restructuring
2. Became debt-free
3. Achieved the highest quarterly revenue in the last 5 years and the highest order book in 9 years in the Q3
“The promotion of Tecnotree shares to the Nasdaq Mid Cap segment further strengths company’s profile. With increased growth prospects and improved financial results, this announcement is another key milestone for Tecnotree. It has potential to attract new investors including institutional players who focus on Mid Cap segment.” said Padma Ravichander, CEO of Tecnotree Corporation
Contact Tecnotree at marketing@tecnotree.com to know more.
Tecnotree, established in 1978, is a publicly traded company from Finland and is a long-term software provider to Digital Service Providers. With a large global presence and major global telecom clientele across all major geographies of Europe, Latin America, Asia-pacific, Middle-East & Africa, Tecnotree provides end-to-end Digital Business Support Systems products & services, including system integration and managed services. Recognized by Gartner, TM Forum, Omdia and various other analyst firms and an early adopter of Open-APIs and microservices based approach, the company caters to the needs of operators of all sizes and has strategic partnerships with top global telecom service providers.
