IDG's Computerworld Names State Street to Annual List of Best Places to Work in Information Technology

June 17, 2004
    BOSTON--(BUSINESS WIRE)--June 17, 2004--

  Leading Information Technology Publication Recognizes State Street
                    in Ranking of Top 100 Employers

State Street Corporation (NYSE: STT), the world's leading provider of services to institutional investors, announced today that IDG's Computerworld, the "Voice of IT Management," has selected it as one of the top workplaces for information technology (IT). This honor is part of the weekly IT publication's 11th annual Best Places to Work in IT survey, which was published in the June 14 issue and online at Computerworld.com. State Street ranked 78th among the top 100 Best Places to Work and was among five companies in New England to be named to the list.

"State Street is honored to receive such high praise from a widely-read industry publication and from the IT employees within our company," said Joseph Antonellis, chief information officer for State Street. "This recognition as one of the Best Places to Work can be attributed to our dedicated staff of more than 3,000 IT professionals who make it a top priority each day to deliver value-added products and services to our clients worldwide."

Since 1994, Computerworld's annual "Best Places to Work in IT" feature has ranked the top 100 work environments for technology professionals, based on a comprehensive questionnaire regarding company offerings in categories such as benefits, diversity, career development, training and retention. In addition, this year Computerworld surveyed more than 17,000 IT workers for the list, and their responses factored heavily in determining the rankings.

"We were tremendously gratified by the reader response to our 'Best Places to Work' survey this year, which was 30 percent higher and represents the views of nearly 17,000 technology professionals," said Maryfran Johnson, editor in chief of Computerworld. "The most-desired benefits have remained consistent in recent years. IT pros still want access to leading-edge technologies, training and flexible work schedules. But our Best Places companies often go beyond those measures to provide much deeper levels of job fulfillment."

The complete listing of Best Places to Work can be accessed at: www.computerworld.com/2004bestplaces.

State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading. With $9.4 trillion in assets under custody and $1.2 trillion in assets under management, State Street operates in 24 countries and more than 100 markets worldwide. For more information, visit State Street's Web site at www.statestreet.com.

Computerworld, the "Voice of IT Management," is the most trusted source for critical information needs of senior IT management. Computerworld's integrated offerings form the U.S.-based hub of the world's largest (58-edition) global IT media network through its weekly publication, Computerworld.com website, focused conference series and custom research. In the past five years alone Computerworld has won more than 100 print and online awards for editorial and design excellence surpassing its direct competition by an order of magnitude. Recognition includes a Jesse H. Neal Award for "Best News Coverage" and the 2004 American Business Media's first annual Timothy White Award for journalistic integrity and editorial courage bestowed to editor in chief, Maryfran Johnson. In print since 1967, Computerworld is the source for information technology management with a guaranteed rate base of 180,000, a total print audience of 1,869,000 (IntelliQuest CIMS v.10.0), and an online audience of over one million unique monthly visitors (DoubleClick).

Computerworld is a business unit of International Data Group (IDG), the world's leading technology media, research and event company. A privately-held company, IDG publishes more than 300 magazines and newspapers including Bio-IT World, CIO, CSO, Computerworld, GamePro, InfoWorld, Network World, and PC World. The company features the largest network of technology-specific Web sites with more than 400 around the world. IDG is also a leading producer of more than 170 computer-related events worldwide including LinuxWorld Conference & Expo(R), Macworld Conference & Expo(R), DEMO(R), and IDC Directions. IDC provides global market research and advice through offices in 50 countries. Company information is available at http://www.idg.com.

    CONTACT: State Street CorporationArlene Roberts, 617-664-3933

    SOURCE: State Street Corporation