Standard Register Selected as One of Top 100 Technology Innovators for 2004
Press release from the issuing company
DAYTON, Ohio--Oct. 1, 2004-- For the second consecutive year, Standard Register has placed among the top 100 technology innovators on CMP Media LLC's InformationWeek 500, a prestigious listing of the most innovative users of information technology in the United States. Standard Register has been on the list since 2000. Other notable companies on this year's InformationWeek 500 list include Dell, HP and Gallo Winery.
For 16 years, the InformationWeek 500 has tracked organizations' information technology (IT) agendas, providing a unique opportunity to understand and examine their business practices across core areas of operations. Companies named to this list demonstrate a pattern of technological, procedural and organizational innovation.
"Tech initiatives balance between opportunistic investment and cost effectiveness," said Rusty Weston, editor of InformationWeek Research. "On average, the InformationWeek 500 will invest approximately 3.7% of their annual revenue on technology in 2004 for an average cash layout of $334 million. Business-intelligence tools, content-management software, and increased use of automated processes are widespread strategies aimed at squeezing more costs out of IT operations."
"I view this recognition as confirmation that we are balancing our technology investments between new opportunities and cost reduction in a market-leading manner," said Joseph Morgan, Standard Register's vice president and chief technology officer.
"The InformationWeek 500 has also made major strides in corporate accountability in the past 12 months," said Stephanie Stahl, editor-in-chief of InformationWeek. "Compliance with government regulations such as Sarbanes-Oxley, HIPAA, and the Can-Spam Act accounts for some of the progress. Yet 99% of the nation's most innovative companies analyze the return on their IT investments and nearly 90% conduct performance assessments on existing business and technology processes, signifying that accountability among this year's 500 is as much about meeting internal expectations as it is about achieving externally imposed guidelines."
"Our team has worked on an aggressive agenda that has helped build a foundation for future advancement with print on demand (POD), compliance, workflow, and automation," notes Morgan. "Standard Register's technology agenda provides a roadmap for future investments to ensure that we provide high quality, cost effective technology that drives customer loyalty."
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