Press Releases
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 |
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|
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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