News Details

Technology Innovation and Promise Award Recognizes State Street's Commitment to Cost-effective Advanced Storage Solutions

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, today announced that it was selected by Storage Networking World (SNW) as one of the top honorees for the Fall 2009 "Best Practices in Storage" Awards Program and received the "Technology Innovation and Promise" award for its Standardized Accelerated Virtualized Eco-Friendly (SAVE) Storage initiative. SNW's twice annual "Best Practices in Storage" Awards Program identifies and acknowledges excellence among users of storage technology. The award winners were selected by a panel of judges based on detailed case studies of the IT challenges and solutions implemented at each company. State Street was presented with the award this month at a ceremony hosted by SNW, in conjunction with IDG's Computerworld and the Storage Networking Industry Association.

"We are delighted to be recognized for State Street's innovative approach to storage technology. Our efforts to minimize our technology footprint through our SAVE initiative provided a strategic advantage to the business by creating a more efficient infrastructure," said Madge Meyer, executive vice president, Global Infrastructure Services at State Street. "State Street's ability to anticipate and accommodate the deployment of future storage solutions allows us to support continued data growth in a cost-effective way while executing major migrations globally."

State Street was awarded for its overall performance excellence and quality achievement with its storage capabilities. The SNW award highlighted one of State Street's Storage Networking solutions called SAVE Storage, which was implemented by State Street's Global Infrastructure Services team. SAVE supports State Street's continued data growth in a cost-effective way while seamlessly executing major datacenter migrations and improving manageability with increased productivity.

"The organizations and professionals judged to be finalists in SNW Fall 2009 "Best Practices in Storage" Awards Program have unlocked the true value of managing today's storage technology," said Ellen Daly, senior vice president, events, IDG Enterprise. "Storage management is at the center of IT infrastructure and IT management and these finalists have shown they are on the leading edge of innovative technologies."

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $17.9 trillion in assets under custody and administration and $1.7 trillion in assets under management at September 30, 2009, State Street operates in 27 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com.

About Computerworld

For 40 years, Computerworld has been the leading source of technology news and information for IT influencers worldwide. Computerworld's award-winning Web site (Computerworld.com), weekly publication, focused conference series and custom research form the hub of the world's largest global IT media network.

Computerworld's Web site and print publication have won more than 100 awards in the past five years alone. Computerworld leads the industry with an online audience of over 2 million unique monthly visitors and a print audience of more than 1.2 million readers each week.

Computerworld's conferences, with their focus on technologies and solutions, provide a rare opportunity for attendees to gain insight into the way user companies execute their strategies in the enterprise. Whether it's the prestigious Computerworld Honors Program, Computerworld's exclusive Premier 100 IT Leaders Conference or vertical industry events such as SNW, Business Intelligence Perspectives, or SaaScon, Computerworld's conferences provide the best environment for idea exchange among IT executives and IT solutions providers.

About International Data Group (IDG)

International Data Group (IDG) is the world's leading technology media, events and research company. Since its founding in 1964, IDG has been committed to helping people acquire and use technology successfully. As a result, IDG's global brands have become the trusted source for insight into the technology industry and its products around the world. Over the past 45 years, IDG has grown into a multi-billion dollar company reaching technology audiences in more than 100 countries worldwide. In 2008, IDG had revenues of $3.2 billion and more than 13,000 employees worldwide.

IDG's diverse products and services portfolio spans six key areas: online media, events and conferences, print publishing, lead generation services, global marketing solutions and market research. Additional information about IDG, a privately held company, is available at www.idg.com. Note: All product and company names are trademarks of their respective companies.

About the SNIA

The Storage Networking Industry Association (SNIA) is a not-for-profit global organization, made up of some 400 member companies spanning virtually the entire storage industry. SNIA's mission is to lead the storage industry worldwide in developing and promoting standards, technologies, and educational services to empower organizations in the management of information. To this end, the SNIA is uniquely committed to delivering standards, education, and services that will propel open storage networking solutions into the broader market. For additional information, visit the SNIA web site at www.snia.org.

    Source: State Street Corporation