State Street Receives InfoWorld 100 Award for Information Technology Leadership
December 11 2009 - 2:00PM
Business Wire
State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors,
announced today that International Data Group (IDG)’s InfoWorld
magazine has named the company as one of the top 100 organizations
for IT excellence for 2009.
The InfoWorld 100 Awards annually recognize the 100 most
innovative uses of IT initiatives to further business goals. State
Street received the InfoWorld 100 award for a company-wide IT
infrastructure initiative called “Six Dimensions of Infrastructure
Innovation/Transformation” that resulted in improved performance
and reduced costs. The project formalized key principles, tools and
techniques for IT infrastructure optimization and applied them to
technology projects worldwide, allowing State Street to
substantially improve infrastructure performance while reducing
unit costs.
The “Six Dimensions of Infrastructure Innovation/Transformation”
project focused on business, technology and people management with
specific principles, tools and techniques for each area. The
project impacted approximately 28,000 internal users, more than
2,100 external customers, and over 1,300 multi-tiered applications
supported by more than 8,000 environments across 100 markets and 27
countries. Benefits included improved network availability and
performance; fast, flexible capacity-on-demand service; and
significant energy cost savings and reduced CO2 emissions.
“We are honored to receive this award for our ‘Six Dimensions of
Infrastructure Innovation/Transformation initiative,’” said Madge
Meyer, executive vice president, Global Infrastructure Services at
State Street. “Information technology plays a vital role in today’s
financial institutions, helping to ensure efficient operations at
all levels and functions. This project reflects State Street’s
commitment to maintaining IT leadership to benefit our
clients.”
“This year’s recipients of InfoWorld’s highest honor are shining
examples of IT projects undertaken by tech leaders committed to
pushing their organizations forward,” said Jason Snyder, features
editor of InfoWorld.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $17.9 trillion in assets
under custody and administration and $1.7 trillion in assets under
management at September 30, 2009, State Street operates in 27
countries and more than 100 geographic markets worldwide. For more
information, visit State Street’s website at
www.statestreet.com.
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