Solera Holdings Inc. will replace Metavante Technologies Inc. in the S&P MidCap 400 after the close of trading on Thursday, October 1. Metavante Technologies is being acquired by S&P 500 constituent Fidelity National Information Services Inc. in a deal expected to be completed on or about that date.
EZCORP Inc. will replace SPSS Inc. (Nasdaq: SPSS) in the S&P SmallCap 600 after the close of trading on a date to be announced. S&P 100 & 500 constituent International Business Machines Corp. is acquiring SPSS in a transaction expected to close soon pending final approvals.
Standard & Poor’s will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Solera Holdings is a provider of software and services to the automobile insurance claims processing industry. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.
EZCORP provides credit services to individuals who do not have cash resources or access to credit. Headquartered in Austin, TX, the company will be added to the S&P SmallCap 600 GICS Consumer Finance Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – October 1, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Solera Information Technology Application Software DELETED Metavante Information Technology Data Processing & Technologies Outsourced Services
S&P SMALLCAP 600 INDEX – TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED EZCORP Financials Consumer Finance DELETED SPSS Information Application Software Technology
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