Press Release: Cendant Corporation
November 9, 2001
NEW YORK, NY -- Cendant Corporation (NYSE: CD) yesterday announced that it was named #12 on the InformationWeek
500, a prestigious listing of the largest and most innovative users of information technology. Cendant ranks 12th
on the list overall and is named number one on its industry for its technology achievements. The ranking includes
household names such as Sears, Compaq, and Eli Lilly, as well as Owens & Minor, which ranked 'No. 1. For 13
years, the InformationWeek 500 has tracked businesses' IT agendas, providing a unique opportunity to understand
and examine their business practices across core areas of operations. Companies named to this list demonstrate
a pattern of technological, procedural and organization innovation.
``We're delighted to be among the top 20 companies on the InformationWeek 500. As the technology service provider
of an $13 billion market cap company, Cendant's information technology organization is constantly challenging itself
to provide creative, comprehensive and cost-effective solutions to support the company's ever-changing strategy
for profitability and success,'' said Larry Kinder, Executive Vice President and Chief Information Officer, Cendant
Corporation. ``Being recognized on this prestigious list is a great reward for all of our efforts.''
``What defines the leaders in the InformationWeek 500 is an intense focus on customers, a desire to collaborate,
and a drive to improve employee productivity,'' said Stephanie Stahl, editor of InformationWeek.
The InformationWeek 500 is a 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 mail, phone, and fax study, as well as a survey of senior
IT executives on their organizational priorities and spending plans for the year ahead.
For a full report of the InformationWeek 500 findings and to benchmark your company against its peers on this list,
check out http://www.informationweek.com/iw500.
About Cendant
Cendant Corporation is primarily a provider of travel and residential real estate services. With approximately
60,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries.
More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the Company's
Web site at http://www.Cendant.com or by calling 877-4-INFOCD (877-446-3623).
About InformationWeek
InformationWeek helps the people 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 http://www.informationweek.com,
InformationWeek Research, InformationWeek Events, which includes the InformationWeek Conferences for business and
technology executives and InformationWeek Daily, an e-mail news service. In May 2001, InformationWeek was named
one of the nation's Top 10 B2B Media Powerhouses by Advertising Age's B2B.
About CMP Media LLC
CMP Media LLC (http://www.cmp.com) is a leading high-tech 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, research, direct marketing services, education and training,
trade shows and conferences, custom publishing, testing and consulting.
SOURCE: Cendant Corporation