News Details

BOSTON--(BUSINESS WIRE)--

State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been named one of the top 100 workplaces for professionals in IDG's Computerworld's 15th annual Best Places to Work in IT survey.

"State Street is dedicated to promoting a work environment where our employees feel engaged and valued," said Chris Perretta, executive vice president and chief information officer for State Street. "It is an honor to be recognized as a top IT workplace by Computerworld due to the efforts of our IT employees. This award signifies State Street's commitment to offering highly sophisticated technology solutions while promoting a corporate culture that values employee satisfaction and development."

State Street secured a spot on Computerworld's annual Best Places to Work in Information Technology's list for showcasing a strong dedication to its IT employees, commitment to investing annually in technology and quality of professional development, education and training programs. State Street was cited for its "Excellence in Action" (EIA) program, which is unique to the company's IT business and hosts training programs specific to the IT community in the form of seminars and workshops. "Excellence in Action" is also the foundation behind the company's semiannual CIO Awards. The CIO Awards, sponsored by Perretta, recognize up to 15 IT employees and three teams who showcase superior performance and work to further the company's IT vision.

"Being among the Best Places to Work in IT means crafting a blend of employee advantages that includes the potential for flexible hours, competitive pay, excellent benefits, a supportive leadership environment, opportunities for ongoing training and advancement, and ultimately, the feeling that you'd like to stay with the company a long, long time," said Scot Finnie, editor in chief of Computerworld.

Since 1994, the 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, training, development and retention. Also significant to determining the rankings was Computerworld's extensive survey of IT workers, measuring employee satisfaction with management, company benefits, compensation, workplace culture and job duties in determining the rankings.

The Best Places to Work feature appears in the June 30 issue of Computerworld. For the complete ranking, please visit www.computerworld.com/2008bestplaces.

Separately, in early June, State Street was recognized with the 21st Century Achievement Award as part of the 20th annual Computerworld Honors Program, which recognizes the most outstanding user achievements in technology each year. Earning top honors in the Finance, Insurance & Real Estate category, State Street's Global IT Infrastructure Services team was honored for its "Zero Footprint, Maximum Impact" model, a solution created to strengthen the company's IT infrastructure to meet the demands of worldwide business growth. Through this program, State Street was credited for enabling business processes to occur in real-time across the globe, increasing the level of IT support worldwide and implementing state-of-the-art remote access technology which provides end-users with seamless global access to their business applications.

About State Street:

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 $15 trillion in assets under custody and $2 trillion in assets under management at March 31, 2008, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com.

About Computerworld

Computerworld is the leading source of technology news and information for IT influencers worldwide. Computerworld's award-winning weekly publication, Computerworld.com Web site (www.computerworld.com), focused conference series and custom research form the hub of the world's largest (40+ edition) global IT media network. In the past five years alone, Computerworld has won more than 100 awards, including Folio Magazine's 2006 Gold EDDIE Award for the best technology/computing magazine, the 2004 and 2006 Magazine of the Year Award, and 2006 Best Overall Web Publication from the American Society of Business Publication Editors (ASBPE). Computerworld leads the industry with a print audience of 1,252,000 readers each week (IntelliQuest CIMS Spring 2006) and an online audience of over 2 million unique monthly visitors (Omniture).

Computerworld is a business unit of International Data Group (IDG), the world's leading technology media, events, and research company. IDG's online network includes more than 450 web sites spanning business technology, consumer technology, digital entertainment and video games worldwide. IDG publishes more than 300 magazines and newspapers in 85 countries including CIO, CSO, Computerworld, GamePro, InfoWorld, Macworld, Network World, and PC World. IDG's lead-generation service, IDG Connect, matches technology companies with an audience of engaged, high-quality IT professionals, influencers, and decision makers.

IDG is a leading producer of more than 750 technology-related events including Macworld Conference & Expo, LinuxWorld Conference & Expo, Entertainment for All Expo (E for All), DEMO, and IDC Directions. IDC, a subsidiary of IDG, is the premier global provider of market intelligence, advisory services, and events. Over 900 IDC analysts in more than 90 countries provide global, regional, and local expertise on technology and industry opportunities and trends. Additional information about IDG, a privately held company, is available at http://www.idg.com.

Source: State Street Corporation