Nuvini (Nasdaq: NVNI) joins Russell 3000E Index
July 22 2024 - 9:15AM
Nvni Group Limited (Nasdaq: NVNI) (“Nuvini”), the leading serial
acquirer of private SaaS B2B companies in Latin America, announced
that the Company joined the Russell Microcap Growth Index, the
Russell 3000E Index, the Russell Microcap Growth Value Index, and
the Russell 3000E Value Index.
“We are excited to join Russell 3000E,” said
Pierre Schurmann, Nuvini’s CEO. “This is a significant benchmark
for the Company as we remain focused on the execution of our
corporate and capital allocation strategies. Joining the Russell
3000E Indexes gives Nuvini enhanced visibility to a broader
market,” he continued.
The annual reconstitution of the Russell US
Indexes identifies the 4,000 largest US stocks as of Tuesday, April
30th, ranking them based on total market capitalization. Being part
of the US all-cap Russell 3000® Index for one year ensures
automatic inclusion in either the large-cap Russell 1000® Index or
the small-cap Russell 2000® Index, along with the relevant growth
and value style indexes. FTSE Russell bases membership for its
Russell indexes mainly on objective market-capitalization rankings
and style attributes. Investment managers and institutional
investors widely use Russell indexes for index funds and as
benchmarks for active investment strategies.
For more information on the Russell 2000® Index,
Russell 3000® Index and the Russell indexes reconstitution, go to
the “Russell Reconstitution” section on the FTSE Russell
website.
About Nuvini
Headquartered in São Paulo, Brazil, Nuvini is
the leading private serial software business acquirer in Latin
America. The Nuvini Group acquires software companies within SaaS
markets in Latin America. It focuses on acquiring profitable
“business-to-business” SaaS companies with a consolidated business
model, recurring revenue, positive cash generation and relevant
growth potential. The Nuvini Group enables its acquired companies
to provide mission-critical solutions to customers within its
industry or sector. Its business philosophy is to invest in
established companies and foster an entrepreneurial environment
that would enable companies to become leaders in their respective
industries. The Nuvini Group’s goal is to buy, retain and create
value through long-term partnerships with the existing management
of its acquired companies. To date, Nuvini Group’s portfolio of
SaaS companies consists of Effecti Tecnologia Web Ltda., Leadlovers
Tecnologia Ltda., Ipê Tecnologia Ltda., Dataminer Dados,
Informações e Documentos Ltda., OnClick Sistemas de Informação
Ltda., Simplest Software Ltda. and SmartNX Tecnologia Ltda.
For more information, visit www.nuvini.co
Forward-Looking Statements
Some of the statements contained in this press
release include or may include “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Exchange Act of 1934, as amended,
which are intended to be covered by the safe harbors created by
those laws. These forward-looking statements include, but are not
limited to, statements regarding the expectations, hopes, beliefs,
intentions or strategies regarding the future. The forward-looking
statements contained in this press release are based on current
expectations and beliefs concerning future developments and their
potential effects on Nuvini. There can be no assurance that future
developments affecting Nuvini will be those that we have
anticipated. Where a forward-looking statement expresses or implies
an expectation or belief as to future events or results, such
expectation or belief is expressed in good faith and believed to
have a reasonable basis. All statements other than statements of
historical fact may be forward-looking statements. The words
“anticipate,” “believe,” “estimate,” “expect,” “intend,”
“forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,”
“may,” “likely,” “plan,” “probably” or similar words may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements contained in this press release include, but are not
limited to, statements about the ability of Nuvini to: realize the
benefits expected from this strategic partnership; achieve
projections and anticipate uncertainties relating to the business,
operations and financial performance of Nuvini, including (i)
expectations with respect to financial and business performance,
including financial projections and business metrics and any
underlying assumptions, (ii) expectations regarding market size,
future acquisitions, partnerships or other relationships with third
parties, (iii) expectations on Nuvini’s proprietary technology and
related intellectual property rights, and (iv) future capital
requirements and sources and uses of cash, including the ability to
obtain additional capital in the future; enhance future operating
and financial results; comply with applicable laws and regulations;
stay abreast of modified or new laws and regulations applying to
its business, including privacy regulation; anticipate rapid
technological changes; and effectively respond to general economic
and business conditions.
While forward-looking statements reflect
Nuvini’s good faith beliefs, they are not guarantees of future
performance. Nuvini disclaims any obligation to publicly update or
revise any forward-looking statement to reflect changes in
underlying assumptions or factors, new information, data or
methods, future events or other changes after the date of this
press release, except as required by applicable law. For a further
discussion of these and other factors that could cause Nuvini's
future results, performance or transactions to differ significantly
from those expressed in any forward-looking statement, please see
the section “Risk Factors” of the Form F-4 most recently filed by
Nuvini with the U.S. Securities and Exchange Commission. You should
not place undue reliance on any forward-looking statements, which
are based only on information currently available to Nuvini.
For further information or media inquiries regarding this
partnership, please contact:
Nuvini Investor and Media ContactCamilla
Carrapatosoir@nuvini.co
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