Standard & Poor's Announces Changes to U.S. Index

Aug 22, 2011, 17:55 ET from Standard & Poor's

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:

S&P SMALLCAP 600 INDEX  – August 24, 2011

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

GT Advanced Technologies

Information Technology

Semiconductor Equipment

DELETED

Radiant Systems

Information Technology

Systems Software

S&P SMALLCAP 600 INDEX  – August 29, 2011

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

VIRTUSA

Information Technology

IT Consulting & Other Services

DELETED

SFN Group

Industrials

Human Resources & Employment Services

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



RELATED LINKS

http://www.standardandpoors.com