State Street Recognized for Sustainability and Service Delivery Initiatives
Two Recent Awards from Computerworld and InfoWorld Highlight State Street's Information Technology Excellence
Boston— State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, today announced that it has been named one of InfoWorld’s 2010 Green 15 companies and was also honored with the Computerworld 2010 Storage Networking World Best Practices in Storage Resiliency, Data Protection and Recovery Award.
The InfoWorld Green 15 recognizes companies sponsoring green-technology initiatives that are innovative and collaborative. Since its launch in 2008, the Green 15 has recognized organizations for their innovative use of information technology to achieve critical and often complementary environmental and business objectives. State Street was included among the winners for taking an environmentally sustainable approach to its information technology operations.
“We are very proud to be among the Green 15 this year,” said Madge Meyer, executive vice president, Global Infrastructure Services at State Street. “This award recognizes State Street’s commitment to embedding green information technology practices into its culture, solutions and operating procedures.”
State Street was also recognized at the Computerworld Storage Networking World Best Practices Awards, where it won the Best Practices in Storage Resiliency, Data Protection and Recovery category for its Transparently Replicated Utility Storage Topography (TRUST) solution. TRUST eliminates storage as a single point of failure through resiliency enhancements, and helps to support data recoverability within 15 seconds of an event, without disruption to business operations.
“It is an honor to be recognized for our TRUST solution, which protects our business-critical data environment. This innovative approach enables State Street to provide the highest level of service to our clients,” said Meyer.
About State Street
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 $19 trillion in assets under custody and administration and $1.9 trillion in assets under management at March 31, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street at www.statestreet.com.