NEW YORK, Aug. 22, 2011 /PRNewswire/ -- S&P will make
the following changes to the S&P SmallCap 600 index:
- GT Advanced Technologies Inc. (NASD: GTAT) will replace Radiant
Systems Inc. (NASD: RADS) in the S&P SmallCap 600 index after
the close of trading on Wednesday, August
24. S&P MidCap 400 constituent NCR Corp. (NYSE: NCR) is
acquiring Radiant Systems in a deal expected to be completed on or
about that date.
- Virtusa Corp. (NASD: VRTU) will replace SFN Group Inc. (NYSE:
SFN) in the S&P SmallCap 600 index after the close of trading
on Monday, August 29. Randstad North
America, L.P. is acquiring SFN Group in a deal expected to be
completed soon pending final approvals.
Standard & Poor's will monitor these transactions, and post
any relevant updates on its website: www.standardandpoors.com.
GT Advanced Technologies provides manufacturing services for the
solar industry. Headquartered in Merrimack, NH, the company will be added to
the S&P SmallCap 600 GICS (Global Industry Classification
Standard) Semiconductor Equipment Sub-Industry index.
Virtusa provides information technology consulting, technology
implementation, and application outsourcing services. Headquartered
in Westborough, MA, the company
will be added to the S&P SmallCap 600 GICS IT Consulting &
Other Services Sub-Industry index.
Following is a summary of the changes:
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S&P
SMALLCAP 600 INDEX – August 24, 2011
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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GT Advanced
Technologies
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Information
Technology
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Semiconductor
Equipment
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DELETED
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Radiant
Systems
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Information
Technology
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Systems
Software
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S&P
SMALLCAP 600 INDEX – August 29, 2011
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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VIRTUSA
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Information
Technology
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IT
Consulting & Other Services
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DELETED
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SFN
Group
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Industrials
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Human
Resources & Employment Services
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For more information about S&P Indices, please visit
www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a
wide variety of investable and benchmark indices to meet an array
of investor needs. Over $1.25
trillion is directly indexed to Standard & Poor's family
of indices, which includes the S&P 500, the world's most
followed stock market index, the S&P/Case-Shiller Home Price
Indices, the leading measure of U.S. home prices, the S&P
Global BMI, an index with approximately 11,000 constituents, the
S&P GSCI, the industry's most closely watched commodities
index, and the S&P National AMT-Free Municipal Bond Index, the
premier investable index for U.S. municipal bonds. For more
information, please visit www.standardandpoors.com/indices.
For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
SOURCE Standard & Poor's