Business & Finance
Business and Finance
Business and Finance
Tue, January 11, 2011
Mon, January 10, 2011 State Street Recognized for Information Technology Accomplishments and Leadership
BOSTON--([ BUSINESS WIRE ])--State Street Corporation (NYSE: STT), one of the worlda™s leading providers of financial services to institutional investors, announced today that it has been honored for its information technology achievements and leadership by several industry organizations and publications.
"At State Street, our approach to IT includes implementing new technologies to develop and deploy innovative new products."
State Streeta™s IT team was recognized by Waters Magazine at the American Financial Technology Awards (AFTAs), by BCS, the Chartered Institute for IT and Computing Magazine at the UK IT Industry Awards and ranked third on Computerworlda™s annual Top Green-IT Companies list.
aSecuring these honors acknowledges the very talented and dedicated individuals that are part of State Streeta™s IT infrastructure organization who continually employ innovative thinking and new technology to ensure that our clients receive the best possible solutions,a said Chris Perretta, executive vice president and chief information officer at State Street. aAt State Street, our approach to IT includes implementing new technologies to develop and deploy innovative new products.a
At the recent 2010 American Financial Technology Awards (AFTAs) in New York, State Street took top rankings in two categories, aBest IT Teama™ and aBest Data Center Initiative.a™ The sixth annual AFTA event is hosted by Waters magazine and recognizes financial companies for industry excellence and innovation in the deployment and management of financial information technology.
State Street was recognized in the aBest IT Teama™ category for its Seamless Operations Strategy team that maintains State Streeta™s operations worldwide. The team uses industry best practices and new technologies to develop, test and implement solutions to meet application recovery requirements. State Streetas 21st Century IT Infrastructure program won in the aBest Data Center Initiativea™ category. This strategy helps State Street to leverage its IT infrastructure to respond quickly and cost-effectively to change, providing a foundation to support continued growth and a reliable, secure and efficient IT infrastructure environment.
State Streeta™s 21st Century IT Infrastructure program and new European data center were also recognized at the 2010 UK IT Industry Awards as a medallist in the Business Project of the Year category. The BCS & Computing UK IT Industry Awards provide a platform for the IT profession to celebrate best practice, innovation and excellence.
State Street also ranked on Computerworlda™s annual Top Green-IT Companies list for the second consecutive year. Companies were selected for their efforts in using technology to create energy efficiency.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment management, investment research and trading, and investment servicing. With $20.2 trillion in assets under custody and administration and $1.9 trillion in assets under management at September 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 ].
