Corvil Recognized as Laureate by the Computerworld Honors Program

NEW YORK and DUBLIN, May 17, 2010 /PRNewswire/ -- Corvil has been recognized as a Laureate by the Computerworld Honors Program. For over two decades, Computerworld Honors has acknowledged those individuals and organizations that have used information technology to benefit society.

"We are delighted to be recognized with this prestigious honor from Computerworld. We would like to thank Morgan Stanley for nominating Corvil and highlighting our innovation and its important application in next generation high-performance trading environments," said Donal Byrne, CEO Corvil.

Each year, members of the Chairmen's Committee, a group of 100 Chairman/CEOs of global technology companies, nominates individuals and organizations around the world whose visionary applications of information technology promotes positive social and economic progress.

Corvil has been selected for its innovative and pioneering work in Financial Markets. Corvil provides the leading Latency Management System for high-performance trading. In modern trading, over 70% of trades executed on US markets are carried out in an automated fashion using high-speed electronics and software algorithms. Latency has emerged as a key factor in determining the level of success of these particular automated trading strategies. Corvil's products have gained wide acceptance in the industry as a trusted source of accurate latency information and are being leveraged broadly to provide greater transparency and predictability of performance in today's Financial Markets.

The Computerworld Honors Program unites Chairmen and CEOs of the world's foremost information technology companies to recognize the most outstanding user achievements in technology each year. The technology achievements honored by this program are preserved and protected in national archives, and in over 350 universities, museums, and research institutions throughout the world.

"Each Laureate selected for this honor understands the importance of using one's resources and technical prowess to benefit one's fellow man," said Bob Carrigan, Chairman of the Computerworld Honors Program Chairmen's Committee and CEO of IDG Communications Worldwide.

About Corvil

Corvil is a provider of application and network latency management systems to the world's leading trading organizations including global banks, exchanges, electronic market makers and service providers to Financial Markets. The company was founded in 2000 and operates from New York, London and Dublin.

Customers use Corvil to measure, troubleshoot and report on the latency performance of their trading applications, networks and services. In addition, Corvil's solutions are used to demonstrate latency compliance of low-latency services to clients and prospects on a pre- and post-sale basis. For more information on Corvil, please visit http://www.corvil.com.

About Computerworld

Computerworld is the leading source of technology news and information for IT influencers worldwide. Computerworld's award-winning Web site (http://www.computerworld.com), weekly publication, focused conference series and custom research, form the hub of the world's largest (40+ edition) global IT media network. In the past six years alone, Computerworld has won more than 100 awards, including Folio Magazine's 2006 Gold EDDIE Award for the best technology/computing magazine, the 2004 and 2006 Magazine of the Year Award, and 2006 Best Overall Web Publication from the American Society of Business Publication Editors (ASBPE). In addition, in 2007 Computerworld's then editor in chief, Don Tennant, received the prestigious Timothy White Award from American Business Media. Computerworld leads the industry with an online audience of over 2 million unique, monthly visitors and a print audience of 1,222,000 readers each week (IntelliQuest CIMS Spring 2007).

About International Data Group (IDG)

International Data Group (IDG) is the world's leading technology media, events, and research company. IDG's online network includes more than 450 Web sites spanning business technology, consumer technology, digital entertainment, and video games worldwide. IDG publishes more than 300 magazines and newspapers in 85 countries including CIO, CSO, Computerworld, GamePro, InfoWorld, Macworld, Network World, and PC World. IDG's lead-generation service, IDG Connect, matches technology companies with an audience of engaged, high quality IT professionals, influencers, and decision makers. IDG is a leading producer of more than 750 technology-related events including Macworld Conference & Expo, LinuxWorld Conference & Expo, Entertainment for All Expo (E for All), DEMO, and IDC Directions. IDC, a subsidiary of IDG, is the premier global provider of market intelligence, advisory services, and events. Over 900 IDC analysts in more than 90 countries provide global, regional, and local expertise on technology and industry opportunities and trends. Additional information about IDG, a privately held company, is available at idg.com. Note: All product and company names are trademarks of their respective companies.

SOURCE Corvil