FOR IMMEDIATE RELEASE

Transition Partners Co.
703/736-0550, ext. 46
703/794-1100

SURVEY SHOWS MANY CIOs BELIEVE TECHNOLOGY UNDERFUNDED

Not Surprisingly, Most CEOs Think IT Spending is About Right

RESTON, VA — Half of Chief Information Officers don't think their company spends enough money on information technology, according to a survey of 103 CIOs by Reston, VA consulting firm Transition Partners Co. Only five percent believe their company spends too much.

But in a separate survey of 53 CEOs conducted by Transition Partners, 72 percent characterized their IT spending as "about the right amount."

How would characterize your company's IT spending?

"The disparity between CIOs and CEOs on IT spending, while not unexpected, is greater than we anticipated," said firm Managing Partner Tom Pettibone, who conducted the research. "The cost issue isn't going away since it keeps going up, especially for e-business and supporting strategies."

Pettibone noted that however different their perspectives may be, it's always the CIO's job to justify core IT spending. "Moreover, he or she has to put spending in context of overall business strategy and also partner with the heads of sales, marketing, manufacturing, distribution and other key areas."

Transition Partners Co. assists senior management in addressing and remediating strategic management and operational problems with IT and business processes. This includes strategy development, turnaround/interim IT management, senior IT staff assessment, best practices, strategic sourcing and business continuity planning. For more information access the firm's web site at www.TransitionPartnersCo.com.

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