S&P Indices Announces Change to U.S. Index
PR Newswire
NEW YORK

 

 

 

NEW YORK, Jan. 25, 2012 /PRNewswire/ -- Medidata Solutions, Inc. (NASD:MDSO) will replace RightNow Technologies, Inc. (NASD:RNOW) in the S&P SmallCap 600 index after the close of trading on Friday, January 27. S&P 100 & 500 constituent Oracle Corp. (NASD:ORCL) is acquiring RightNow Technologies in a deal that is expected to be completed today.

Medidata Solutions, Inc. provides software-as-a-service based clinical development solutions for life science organizations. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Health Care Technology Sub-Industry index.

Following is a summary of the change:

 

S&P SMALLCAP 600  INDEX  – January 27, 2012

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Medidata Solutions

Health Care

Health Care Technology

DELETED

RightNow Technologies

Information Technology

Internet Software & Services

 

 

 

 

 

 

 

 

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For more information:
Dave Guarino
Communications
S&P Indices
dave_guarino@standardandpoors.com
212-438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Indices
david_blitzer@standardandpoors.com
212-438-3908

SOURCE S&P Indices