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April 23, 2001
Third Annual MIT Sloan eBusiness Awards Announce Winners
CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 23, 2001--Despite the recent market turbulence, MIT's Sloan School of Management, along with an all-star jury, recognized the outstanding achievements of nine organizations during the 3rd annual MIT Sloan eBusiness Awards, the premier awards honoring successful innovation in eBusiness.
At a ceremony held this evening, eBusiness leaders from around the globe gathered to celebrate this past year's successes. The winners, selected from more than 600 nominations, include: |
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Nokia (NYSE: NOK - news),
(www.nokia.com);
Global Reach Award |
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CitySoft (http://www.nokia.com); Social Responsibility Award |
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Honors a company that has introduced technology that has leveraged the Internet as a channel for extending global reach. Nokia is leading a new global initiative to define the technical architecture for the mobile Internet, and is heavily involved in 3G and personal area network developments. Its newest innovation, Short Messaging System (SMS), was the primary driver of mobile phone usage in Europe and Asia. |
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Given to the company best demonstrating its commitment to the greater good through an innovative product, service, technology, or business practice. CitySoft provides high quality Web services while hiring from the pool of traditionally underrepresented talent from urban neighborhoods, and simultaneously changing the face of eBusiness. Currently, more than 50% of CitySoft's team are from urban neighborhoods and they are profitable on $5 million in sales from clients including Accenture Consulting, AOL and Polaroid. |
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RSA Security (NASDAQ: RSAS - news), (www.rsasecurity.com); Best Supporting Actor Award |
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Napster (www.napster.com); Disruptive Technology Award |
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Commends the company that has made significant progress in overcoming infrastructure shortcomings that have stunted e-business adoption or growth (i.e. improvement of Internet speed, the security of data transmission, or the reliability of vendors over the Internet). RSA Security is the most trusted name in e-security, helping organizations build secure, trusted foundations for eBusiness. RSA customers include the majority of the Fortune 500. More than seven million users across 4,500 organizations use RSA securID. |
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Recognizes a technological innovation with the greatest potential to revolutionize eBusiness. Napster's software application enables users to locate and share media files in one convenient, easy-to-use interface. Napster's very existence has forced many to rethink the basic assumptions of how music is distributed. |
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Enron (NYSE: ENE - news), (www.enron.com); eBusiness of the Year |
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7-11 Japan (www.sej.co.jp); Business Transformation Award |
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Recognizes the company that best demonstrates innovation, leadership and social responsibility over the past year. Enron, a global provider of energy, is using the Internet to leverage its strength across new and old markets, enabling its customers to buy and sell instantaneously. Since its inception, Enron has processed more than 548,000 transactions online, grossing more than $336 billion in value, accounting for more than 60% of total transaction volume. |
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Bestowed upon the company that has successfully enhanced its strategy to take advantage of a new channel (i.e. Internet, wireless). In June 2000, 7-11 Japan, the country's largest convenience store chain, introduced 7dream.com, an e-commerce portal that provides ordering and delivery of merchandise to stores. The service minimizes delivery costs and provides flexible pick-up time and payment options for customers. |
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Vindigo (www.vindigo.com); Rookie of the Year Award |
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Shawn Fanning;
ePerson of the Year |
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Commends the emerging eBusiness best positioned to generate explosive growth. The Rookie of the Year should have an innovative technology or business model, which will allow them to enter or create a market and acquire market share at Internet speed. Vindigo's core product, also called Vindigo, transforms Palm OS® handhelds into personal navigators, and has proven wildly popular, signing up 250,000 active users in under ten months. Vindigo combines mobility, insiders' insight, and in-depth content to adapt to a user's location and interests, allowing busy people to make quick, savvy lifestyle decisions wherever they are. |
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Honors the individual whose contribution to eBusiness has facilitated new innovations in electronic commerce. Mr. Fanning was responsible for developing the wildly-popular file-sharing Web site, Napster. The innovation spread like wildfire and caught the imagination of many eBusiness entrepreneurs. |
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Napster (www.napster.com); MIT Student Choice Award |
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The MIT Students' Choice is just that - the student body's choice for best e-business. What is ``best'? Most innovative, most inspiring, coolest, most fun. This year's overwhelming winner was Napster, a favorite of the technologically savvy MIT student-body.
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