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Awards | Articles | Press Releases Sonnet Financial Wins CIO Web Business 50/50 Award for Online Business Excellence Award Distinguishes Companies For Outstanding Web Commerce Practices San Mateo, CA - July 12, 1999 Sonnet Financial, a leading provider of foreign exchange payment services for corporations and financial institutions, is proud to announce that it has received CIO Magazine's Web Business 50/50 Award. The award recognizes Sonnet as one of the top 50 global companies that reach beyond standard Web commerce practices to deliver outstanding business value to its customers. This is the third annual CIO Award, with winners selected by a panel of CIO magazine editors, writers, art designers and Web development experts who evaluate hundreds of nominated sites for their ability to use innovative Web techniques to deliver greater business value. Specifically, sites are judged by how successfully creative design and high quality technical attributes are integrated and how this blend contributes to the company's overall business objective as well as its ability to meet the needs of its target audience. "This year's winners show that more and more operational capability, direct customer contact and bottom-line business value is migrating to the Web," says Lew McCreary, CIO's Editorial Director. "It's impossible to ignore the depth of the transformation that's occurring in enterprises of every shape and size." "We are delighted to be recognized by CIO for online business excellence," said Tom Kappock, CEO, Sonnet Financial. "We see the Internet as one of the best ways in which to deliver value to our clients so it's imperative to us that our site be as creative, as technologically-advanced and as user-friendly as possible." With the advent of the 21st century, the use of Web technology has become an essential component of any organization's strategic plan. CIO honors the 100 sites that have raised the caliber for online quality, challenging other organizations to uncover the potential of the Net. Complete coverage of the 1999 CIO Web Business 50/50 Awards is featured in the July 1, 1999 issue of CIO and at www.cio.com. Sonnet Financial is the premier provider of Web-based international payment services. Sonnet has processed billions of dollars in international payments for leading corporations, including IBM, Continental Airlines, PeopleSoft and Crate & Barrel. Founded in 1992, Sonnet has 7 offices throughout the US and Canada. Visit Sonnet on the Web at www.sonnetfinancial.com. CIO Communications, Inc. was formed in 1987 to help chief information officers (CIOs), information technology (IT) executives and other senior management executives succeed in their enterprises through the use of information technology. In addition to publishing the award-winning magazine, the company also produces the www.cio.com Web site and develops and produces CIO Executive Programs - a series of conferences that provide educational and networking opportunities for corporate and government executives who want to expand their knowledge of technology, business management issues and innovative products and services. CIO Magazine is a publication of International Data Group (IDG), the world's leading IT media, research and exposition company. Back to In The News
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