NASDAQ OMX (NASDAQ:NDAQ) announces that Transmode Holding AB (short name: TRMO), a mid cap telecommunications company within the Information Technology sector, today starts trading of its shares on the main market of NASDAQ OMX Stockholm. Transmode is the fifth company to list at the main market of NASDAQ OMX Stockholm in 2011.
Transmode is a global provider of packet-optical networking solutions which are designed to enable fixed and mobile network operators to cost effectively address capacity constraints created by the rapid growth in video and data traffic. Transmode's solutions serve as important building blocks in next-generation high speed optical networks that support services such as broadband backhaul, mobile data backhaul, video delivery services and cloud computing.
For more information visit: www.transmode.com.
Karl Thedéen, CEO at Transmode said: "Since 2000 Transmode has grown to become one of the largest vendors of telecoms equipment in Sweden. Over the past four years we have almost doubled our revenues to SEK 699 million in 2010, when we delivered to customers in 38 countries. A listing on NASDAQ OMX is a logical and important step in Transmode's development, and will help support our global expansion as well as increase awareness for the company."
Jenny Rosberg, Senior Vice President at NASDAQ OMX commented, "NASDAQ OMX has the strongest information technology sector in the world, and Transmode is a welcome addition to our family of companies. Transmode is active within the rapidly growing optical networking industry, and today we are pleased to present our global investor-base with a new investment alternative in this exciting market."
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