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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 Q3 of 2021

“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

FURTHER INFORMATION
Padma Ravichander, CEO
tel. +97 156 414 1420
www.tecnotree.com

ABOUT TECNOTREE

Tecnotree is the only full-stack digital business management solution provider for digital service providers, with over 40 years of deep domain knowledge, proven delivery, and transformation capability across the globe. Our open source technology-based agile products and solutions comprise the full range (order-to-cash) of business process and subscription management for telecom and other digital service providers. Tecnotree products and platforms service over 800 million subscribers worldwide. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit our website www.tecnotree.com or social media channels – Linkedin I Facebook I Twitter

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