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State Street Receives Third Consecutive Computerworld Laureate Award

^{Published on 2010-07-26 10:10:23 - Market Wire}
 

BOSTON--([ BUSINESS WIRE ])--State Street Corporation (NYSE: STT), one of the worlda™s leading providers of financial services to institutional investors, today announced that it has received a Laureate award from IDGa™s Computerworld Honors Program and was selected as a finalist for the 21st Century Achievement Award for its Innovation Pipeline strategy.

"It is an honor to be recognized by Computerworld for the third consecutive year"

IDGa™s Computerworld Honors Program Awards annually honor innovative companies and institutions with Laureate awards in various categories that use information technology to promote positive social, economic and educational change. State Street received its Laureate and finalist award in the Finance, Insurance and Real Estate category. State Street was also recently ranked as one of Computerworlda™s 100 Best Places to Work in IT 2010.

aIt is an honor to be recognized by Computerworld for the third consecutive year,a said Madge Meyer, executive vice president and head of Global Infrastructure Services at State Street. aState Streeta™s Innovation Pipeline strategy enables us to continually renew and improve our IT infrastructure while also providing a clear path for the adoption of new technologies and practices from idea to implementation for delivering competitive advantage to our business.a

State Streeta™s Innovation Pipeline provides a clear trajectory for the adoption of new technology. It comprises a set of strategic IT objectives against which new solutions can be measured. The objectives focus on creating simpler, more centralized infrastructure technology; recognizing and cultivating potential business benefits of new technology; and maintaining State Streeta™s green initiatives by optimizing and sustaining available resources.

About State Street Corporation

State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $19 trillion in assets under custody and administration and $1.8 trillion in assets under management at June 30, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Streeta™s web site at [ www.statestreet.com ].