NEW YORK, Nov. 22, 2010 /PRNewswire/ -- Synchronoss
Technologies Inc. (Nasdaq: SNCR) will replace Bowne & Co. Inc.
(NYSE: BNE) in the S&P SmallCap 600 index after the close of
trading on Wednesday, November 24.
S&P 500 constituent R. R.
Donnelley & Sons Co. (Nasdaq: RRD) is acquiring Bowne in
a deal expected to be completed soon, pending final approvals.
Standard & Poor's will monitor this transaction, and post
any relevant updates on its website: www.standardandpoors.com.
Synchronoss Technologies provides on-demand transaction
management platforms. Headquartered in Bridgewater, NJ, the company will be added to
the S&P SmallCap 600 GICS (Global Industry Classification
Standard) Application Software Sub-Industry index.
Following is a summary of the change:
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S&P
SMALLCAP 600 INDEX – November 24, 2010
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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Synchronoss
Technologies
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Information
Technology
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Application
Software
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DELETED
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Bowne &
Co.
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Industrials
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Commercial
Printing
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For more information about S&P Indices, please visit
www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, a part of McGraw-Hill Financial, is the world's
leading index provider maintaining a wide variety of investable and
benchmark indices. 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.
About McGraw-Hill Financial
McGraw-Hill Financial, a part of The McGraw-Hill Companies
(NYSE: MHP), is a leading provider of research and analytical tools
for investment advisors, wealth managers and institutional
investors. It deploys the latest innovative technology strategies
to deliver to customers a portfolio of cross-asset analytics,
integrated desktop services, valuation and index benchmarks and
investment recommendations in the rapidly growing $16 billion financial information, data and
analytics market.
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For more information
contact:
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David M. Blitzer,
Ph.D.
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Managing Director & Chairman
of the Index Committee
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(212) 438-3907
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SOURCE Standard & Poor's