I wonder if Gartner saw this coming.
Standard & Poors Dow Jones Indices is dropping business services firm Dun & Bradstreet from its prestigious S&P 500 Index, and replacing them with Gartner.
That’s a lot of & signs for one sentence.
The S&P 500 is a listing of the largest 500 companies whose shares trade on the New York Stock Exchange or the NASDAQ. It is seen as a general indicator of both the American economy and the stock market itself.
Multiple analysts pointed to Gartner’s acquisition of a company named CEB Inc. as the primary reason for Gartner’s ascension on to the S&P 500.
“Post-merger, Gartner will be more representative of the large-cap market space. Dun & Bradstreet has a market capitalization more representative of the mid-cap market space,” said S&P in a statement.
Gartner is a technology research and analysis firm. They gather information, compile and interpret it, and then make money by packaging it all up and selling it to large companies in a subscription-type model.
They’re also known for making interesting and bold predictions about the future.
The Stamford, CT-based company will join the S&P 500 on the morning of April 5.
Gartner currently has three facilities in Gateway, with a fourth on the way. We’ve also heard they’re contemplating constructing another office building on the airport property.
They trade on the NYSE under the ticker IT.