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
GICS ECONOMIC SECTOR
GT Advanced Technologies
S&P SMALLCAP 600 INDEX – August 29, 2011
GICS ECONOMIC SECTOR
IT Consulting & Other Services
Human Resources & Employment Services
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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