COCC Wins 2009 CIO 100 Award

AVON, Conn., June 4, 2009 – COCC will be honored as one of 100 companies world wide to receive a 2009 CIO 100 award. The award recognizes COCC’s innovative use of virtualization technology to increase the efficiency of its data processing services to banks and credit unions throughout the northeastern United States.

“We are very pleased to receive the prestigious CIO 100 award,” said Richard A. Leone, COCC’s President and CEO. “The CIO 100 competition focuses on innovative uses of information technology to create business value, which is exactly what COCC is all about. Virtualization technology has enabled our company to simultaneously reduce cost and improve overall service performance for our customers. This combination of cost reduction and performance enhancement is the cornerstone of our success.”

Since 1987, CIO magazine has identified and honored 100 organizations each year that exemplify the highest level of operational and strategic excellence in information technology. Judged by former Chief Information Officers, academic experts and independent consultants, this year’s CIO 100 winners represent the most innovative, value-driven information technology business initiatives.

The companies selected for this year's CIO 100 awards demonstrated their ability to create new value using IT and execute their projects in innovative ways, such as pioneering a new technology, applying a familiar technology to a new purpose, and setting the bar higher for their competitors.

In COCC’s case. desktop virtualization technology has not only enabled the company to “do more with less” but to support its ground-breaking .Net core processing technology that improves client efficiency by as much as 50 percent. The company’s original investment in virtualization technology has already returned 191 percent in cost savings and extended computer hardware life by as much as 40 percent.