Successful technology implementations provide positive impact on bottom-line performance

Nucleus Research, a global provider of IT research and advisory services, and TechTarget's CIO Decisions magazine announced the winners of the third annual Technology ROI Awards. The awards honor ten end-user companies whose deployments of IT solutions have produced positive bottom-line financial and business results for their organizations.

Technology ROI Award Winners
Company — Technology Vendor

• Audiovox Corporation — RightNow Technologies
• Big River Telephone Company — Best Software
• Bridge Street Worldwide — Salesforce.com
• Compugen, Inc. — Project Arena
• International Truck and Engine — International Truck and Engine (in-house solution)
• Lifetime Products, Inc. — Microsoft Corporation
• National Institutes of Health — NetPro Computing
• Palmetto Health — Redwood Software
• Shands Healthcare — Business Objects
• United States Coast Guard — Cognos, Inc.

"Today, the pressure is greater than ever for organizations to make the right decisions when it comes to using technology to advance business goals," said CIO Decisions Editor-in-Chief Maryfran Johnson. "Technology strategy affects every aspect of operations, and technology ROI is a closely monitored indicator of success. We are pleased to have partnered with Nucleus Research to recognize ten companies that have developed creative technological approaches to business challenges, and achieved significant ROI on those implementations. We look forward to sharing their success stories with top IT decision makers in the pages of CIO Decisions."

To determine this year's winners, Nucleus Research analysts worked closely with CIO Decisions editors and a panel of independent CIOs to evaluate each organization’s technological response to a business requirement. Nucleus Research then measured each implementation’s ROI using its proven methodology for ROI measurement. Based on the results of thousands of ROI assessments worldwide, the methodology verifies the costs and benefits of technology implementations and creates a metric representing the project's ROI over a three-year period.

"We strongly believe that aligning IT strategy with business goals provides true long-term value to organizations. The winners of this year's technology ROI awards have benefited tremendously by understanding the critical link between IT strategy and business goals. An organization must always consider bottom-line impact in the selection and deployment of IT solutions, and ROI allows for precise measurement of value-add with respect to various technologies," said Ian Campbell, CEO of Nucleus Research. "Our decision to partner with TechTarget's CIO Decisions stems from the publication’s reputation as a valuable source of information to those making difficult decisions regarding IT in their organizations."

To be eligible for consideration, applicants to the Technology ROI Awards must be headquartered in the United States and have annual corporate revenue of at least $50 million. Projects had to be installed and in operation no later than Jan 1, 2004. Each entry was subject to in-depth analysis, including interviews with system users to verify all claimed benefits.

Winners were announced at a special luncheon and awards program hosted by CIO Decisions and Nucleus Research at the CIO Decisions Conference, July 28, 2005 in Pebble Beach, CA.

About CIO Decisions

TechTarget's CIO Decisions is the first monthly magazine designed to serve CIOs and senior IT executives in the 40,000 businesses in the US midmarket. Together, these businesses — companies with approximately 100 to 1000 employees or revenues from $50 million to $2 billion — represent the largest and fastest-growing market for IT products and services. More information is available at http://www.ciodecisions.com.

About Nucleus Research

Nucleus Research is a global provider of IT advisory and research services that provides CFOs, CIOs and their staffs with the real-world information they need to maximize the business returns from their technology investments. Its analysts blend financial analysis and case-based investigations with comprehensive technology expertise to deliver factual return-on-investment (ROI) data to organizations worldwide. The company uses an uncompromising set of processes and tools to evaluate the financial return on IT assets and is the only firm to gain certification by the National Association of State Boards of Accountancy. Nucleus Research has analyst experts across the entire enterprise software and hardware space and provides clients with ongoing advice to help with both short-term technology decisions and long-term strategic plans. For more information, visit nucleusresearch.com.