NEW YORK, Oct. 27 /PRNewswire/ -- iGATE Corp. (NASD: IGTE) will replace Actel Corp. (NASD: ACTL) in the S&P SmallCap 600 index after the close of trading on Monday, November 1. S&P SmallCap 600 constituent Microsemi Corp. (NASD: MSCC) is acquiring Actel in a deal expected to be completed soon, pending final approvals and conditions.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
iGATE Corporation provides outsourcing solutions. Headquartered in Fremont, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) IT Consulting & Other Services Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – November 1, 2010
GICS ECONOMIC SECTOR
IT Consulting & Other Services
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