The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

S&P Indices Announces Change to U.S. Index

Wednesday, January 25, 2012

S&P Indices Announces Change to U.S. Index17:39 EST Wednesday, January 25, 2012NEW 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 COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRYADDEDMedidata SolutionsHealth CareHealth Care TechnologyDELETEDRightNow TechnologiesInformation TechnologyInternet Software & ServicesAbout S&P IndicesS&P Indices, a leading brand of the McGraw-Hill Companies (NYSE:MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our 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: is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.For more information:Dave GuarinoCommunicationsS&P Indicesdave_guarino@standardandpoors.com212-438-1471David BlitzerManaging Director and Chairman of the Index CommitteeS&P Indicesdavid_blitzer@standardandpoors.com212-438-3908SOURCE S&P Indices