RED BANK, N.J., June 3, 2010 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, today announced that it is a recipient of the 2010 CIO 100 by IDG's CIO Magazine. The 23rd annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).
"This year's CIO 100 awards draws well-deserved attention to companies that are not only innovating with IT but creating genuine business value as well," said Maryfran Johnson, Editor in Chief of CIO magazine & Events. "These winning companies and their IT organizations are an inspiration to businesses everywhere."
"We made a strategic decision to standardize our business processes and systems to streamline operations and better position ourselves for the inevitable housing recovery," said Larry Sorsby, Executive Vice President and CFO. Nicholas Colisto, Vice President and CIO, said, "The new operating platform is a highly integrated suite of business processes and software that is helping the company improve business execution."
The 2010 CIO 100 awards will be presented at the Terranea Resort in Rancho Palos Verdes, California, on August 24th at the conclusion of the twelfth annual CIO 100 Symposium® and Awards Ceremony.
About the CIO 100
The recipients of this year's CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their innovative IT and business initiatives. Next, a team of judges reviewed the applications in depth, looking for unique practices and substantial results. Finally, CIO editors reviewed the judges' recommendations and voted on the final 100. Once the top 100 honorees were selected, several honorees were chosen to receive an additional special award. The recipients of this special award will be revealed at the CIO 100 awards ceremony in August.
Complete coverage of the 2010 CIO 100 awards will be online at www.cio.com on June 1, 2010 and in the August 1st issue of CIO magazine.
About Hovnanian Enterprises®
Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The Company's homes are marketed and sold under the trade names K. Hovnanian® Homes®, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes, Oster Homes and CraftBuilt Homes. As the developer of K. Hovnanian's® Four Seasons communities, the Company is also one of the nation's largest builders of active adult homes.
The Hovnanian Enterprises, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7499
About CIO Magazine
CIO produces award-winning content and community resources for information technology executives thriving and prospering in this fast-paced era of business, as well as create opportunities for information technology and consumer marketers to reach them. The CIO portfolio includes CIO.com, CIO magazine (launched in 1987), CIO Executive Programs and the CIO Executive Council. CIO properties provide business technology leaders with analysis and insight on information technology trends and a keen understanding of IT's role in achieving business goals. The U.S. edition of the magazine and website are recipients of more than 200 awards to date, including three Grand Neals from the Jesse H. Neal National Business Journalism Awards and two Magazine of the Year awards from the National Society of Business Publication Editors. CIO websites and magazines appear in more than 25 countries, including Australia, Canada, China, France and Germany. CIO are produced by CXO Media a subsidiary of International Data Group (IDG), the world's leading technology media, research and event company.