10/4/2004
SIRVA Named to InformationWeek 500 as Leading Technology Innovator
IT Innovations Support Relocation Redefined Strategy
CHICAGO, October 4, 2004 — SIRVA Inc., (NYSE: SIR), a global relocation services provider, has been named to the InformationWeek 500, a prestigious listing of the most innovative users of information technology in the United States. This is the third year SIRVA was included on the list.
For 16 years, the InformationWeek 500 has tracked organizations' IT agendas, providing a unique opportunity to understand and examine their business practices across core areas of technology operations. Companies named to this list demonstrate a pattern of technological and organizational innovation. SIRVA has been recognized for IT innovation this year along with several of the world’s leading corporations.
“Tech initiatives balance between opportunistic investment and cost effectiveness,” said Rusty Weston, editor of InformationWeek Research. “On average, the InformationWeek 500 will invest approximately 4 percent 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 operations.”
“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 percent of the nation’s most innovative companies analyze the return on their IT investments and nearly 90 percent 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.”
Ann M. Harten, senior vice president and CIO of SIRVA, said, “SIRVA is committed to the development of its IT infrastructure as it moves forward with its relocation redefined program to focus on its high growth, high return relocation services and related network solutions. SIRVA has a distinct competitive advantage in this sector and we are pleased that our IT innovations to support this strategy and serve our global customer base have been recognized.”
The InformationWeek 500 is the most detailed source of industry-specific IT budget data. The research project gathered in-depth information directly from companies about how they approach and prioritize their IT investments. The research identified and ranked the companies following an extensive online and phone study.
About SIRVA, Inc.
SIRVA, Inc. is a leader in providing relocation solutions to a well-established and diverse customer base around the world. The company is the leading global provider that can handle all aspects of relocations end-to-end within its own network, including home purchase and home sale services, household goods moving, mortgage services and insurance.
SIRVA conducts more than 365,000 relocations per year, transferring corporate and government employees and moving individual consumers. The company operates in more than 40 countries with approximately 8,000 employees and an extensive network of agents and other service providers. SIRVA’s well-recognized brands include Allied, northAmerican, Global, and SIRVA Relocation in North America; Pickfords, Huet, Kungsholms, ADAM, Majortrans, Allied Arthur Pierre, Rettenmayer, and Allied Varekamp in Europe; and Allied Pickfords in the Asia Pacific region. More information about SIRVA can be found on the company’s Web site at www.sirva.com.
About InformationWeek
InformationWeek helps more than 440,000 Business Technology Professionals who buy, build and manage technology drive business innovation powered by technology. In addition to the weekly magazine, InformationWeek provides a platform of information solutions including www.informationweek.com, InformationWeek Research, InformationWeek Events, which includes the InformationWeek Conference for Business Technology Executives and the InformationWeek Daily, an e-mail news service. In May 2003 in conjunction with Optimize, InformationWeek launched its Media Network. The Media Network consists of Optimize and Government Enterprise, as well as its Vertical Industry Network publications – Bank Systems & Technology, Insurance & Technology and Wall Street & Technology. InformationWeek is consistently recognized for its commitment to excellence and innovation, receiving several of the industry's top media accolades including top spots in BtoB Magazine’s annual Media Power 50, as well as awards from ASBPE and Circulation Management magazine.
About CMP Media LLC
CMP Media LLC (www.cmp.com) is a leading integrated media company providing essential information and marketing services to the entire technology spectrum — the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers comprehensive, integrated media solutions tailored to meet their individual needs.
Its diverse products and services include newspapers, magazines, Internet products, and research, direct marketing services, education and training, trade shows and conferences, and custom publishing.
Forward-Looking Statements
This release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical, but are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon SIRVA, Inc. and its subsidiaries. There can be no assurance that future developments affecting us will be those anticipated by management. These forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and other factors, including without limitation those described under the caption “Business-Investment Considerations” and other risks described in our 2003 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We do not intend, and are under no obligation, to update any particular forward-looking statement included in this release.
Media Contacts
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Corporate Communications
630.468.4828 (work)
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Judy Wohlt
Manager
Corporate Communications
630.468.4886 (work)
630.802.1299 (cell)
