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Uppsala, Sweden— December 19, 2016
NASDAQ OMX Stockholm has decided that from January 2, 2017 change the segmentation of IAR Systems Group AB (publ), ticker IAR B, from Small Cap to Mid Cap. To qualify for the Mid Cap listing, a company must have had a market capitalization exceeding more than 150 million Euro in November.
“As a result of our focus on IAR Systems in 2010, our market value has grown more than ten times. Our long history, strong technology, qualified team of employees and good relationship with customers and partners is the foundation for this growth. I am looking forward to continue strengthening our position as a leading provider of solutions that enable the products of today and the innovations of tomorrow.” – Stefan Skarin, CEO, IAR Systems
About IAR Systems
IAR Systems provides developers of embedded systems with world-leading software tools for developing competitive products based on 8-, 16-, and 32-bit processors. Established in Sweden in 1983, the company has over 46,000 customers globally, mainly in the areas of industrial automation, medical devices, consumer electronics, telecommunication, and automotive products. IAR Systems has an extensive network of partners and cooperates with the world’s leading semiconductor vendors. IAR Systems Group AB is listed on NASDAQ Stockholm. For more information, please visit www.iar.com.
Stefan Skarin, CEO, IAR Systems Group AB