Salomon Smith Barney, a member of Citigroup, has won Gartner’s CIO Choice Award. Gartner’s IT team regularly reviews best practices of dozens of IT organizations as they plan their own IT implementation, and selected Salomon Smith Barney out of 100 nominees. The award was presented by Gartner’s CIO, Bart Stanco, who led the team in its selection.
In working with Salomon Smith Barney, Gartner found that their management of 50,000 desktops worldwide demonstrated excellence in total cost of ownership, software distribution, help desk and benchmarking, and measurement. According to Gartner, it was unusual to find such a level of efficiency in an enterprise that handles such an immense volume of transactions.
“In addition to taking our own IT advice, we are consistently meeting with CIOs to share best practices,” said Bart Stanco, Gartner’s CIO. “Salomon Smith Barney is a great example of a company that strategically uses technology to create a major competitive advantage.”
“We are honored that Gartner’s IT team is recognizing our global technology infrastructure and best practices,” said Rich Breunich, CTO of Salomon Smith Barney. “The digital economy promises enormous financial opportunities for our clients and Salomon Smith Barney’s technology is delivering on that promise.”
Gartner helps clients to achieve their business objectives through the intelligent and efficient use of technology. Additionally, the company helps technology companies identify and maximize technology market opportunities. Founded in 1979 and headquartered in Stamford, Connecticut, the company achieved fiscal 1999 revenues of $734 million. Gartner’s 3,600 associates, including 1,200 research analysts and consultants, are in more than 80 locations worldwide.
Citigroup’s Global Corporate and Investment Bank brings together Citibank, the world’s most global corporate bank, and Salomon Smith Barney, a leading global investment bank and securities brokerage firm. Together they provide complete financial solutions to corporations, governments, institutions and individuals in 100 countries. Award-winning businesses include corporate and investment banking services, investment advice, financial planning and commercial insurance products.