State Street Corporation, the providers of financial services to institutional investors, announced 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, says Madge Meyer, executive vice president, Global Infrastructure Services at State Street. Information technology plays a vital role in todays financial institutions, helping to ensure efficient operations at all levels and functions. This project reflects State Streets commitment to maintaining IT leadership to benefit our clients.
This years recipients of InfoWorlds highest honor are shining examples of IT projects undertaken by tech leaders committed to pushing their organizations forward, says Jason Snyder, features editor of InfoWorld.
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