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Security Analysis: The Case For Disclosing Breach Data
InformationWeek Daily - Wednesday, July 2, 2008
Tech Careers Looking Shiny In The World Of Money
The beleaguered financial services industry can be a bl...
15 Min Read
Tech Careers Looking Shiny In The World Of Money The beleaguered financial services industry can be a bleak place to work these days. But not to Denis Stypulkoski, the new CIO of startup firm Tygris Commercial Finance Group, where he says optimism and opportunity abound. Before being named CIO at Tygris this week, Stypulkoski was CIO of U.S. Express Leasing, a 4-year-old equipment finance company that was acquired in May by Tygris. Like the new post at Tygris, the beauty of being CIO at U.S. Express Leasing was that there was no historical baggage weighing it down, said Stypulkoski. "There was no legacy, it was a beautiful thing," he said. That includes no tangle of corporate bureaucracies, legacy computer systems, or paper-based processes. U.S. Express Leasing operated its business "with total transparency" enabled by technology, he said. When U.S. Express Leasing went to investors to raise debt and capital equity, "we showed [investors] technology's access to information, and it was 'wow,'" he said. That's one of the things about U.S. Express Leasing that appealed to Tygris, a recently launched commercial finance company that in May announced it had raised a record of nearly $2 billion in initial equity capital from investors. The $2 billion equity infusion into Tygris was "the largest initial capital ever raised in the U.S. commercial finance sector," said Stypulkoski. "I'm incredibly fortunate to be in a company like Tygris. It's a dream come true for a CIO." A decade or so ago, while Stypulkoski was leading IT at companies like Newcourt Credit Group and AT&T Capital, the trend of IT organizations was to have "large teams doing custom" development work, he said. "But that was because of a lack of component-based products" for developing IT-enabled business solutions, he said. Today, "IT teams one-tenth the size have capabilities on par or far greater" to assemble technology-driven solutions, said Stypulkoski. The role of IT leaders today is that of "architect, integrator, supplier manager," while before it was "design, build, implement," he said. What hasn't changed for CIOs over the years is "the need to have a good business technology vision, sit at the table with business leaders to engage and strategize" about how technology enables the business to get where it wants to be. Tygris has a tiny IT org right now. However, that'll change as the company grows organically and through acquisitions, he said. What he's really looking for, Stypulkoski admitted, are people who have the skills, experience, depth of knowledge, and leadership ability to one day become CIOs, too. Read the rest of my blog and leave a comment here. Marianne Kolbasuk McGee[email protected]www.informationweek.com |
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"The cure for boredom is curiosity. There is no cure for curiosity." -- Dorothy Parker |
Security Analysis: The Case For Disclosing Breach DataRead this chapter from The New School Of Information Security before your company gets hacked, and learn why covering up a data breach is a bad short-term strategy and a risky long-term one. bMighty Heroes: Smaller Businesses Use Tech Tools To Take On Large-Size Competitors And WinbMighty heroes are small and midsize businesses that have staked claims in markets by using technology to compete with larger companies with deeper pockets and more resources. Hats off to these bMighty Mid-Market Heroes for never letting size get in the way of success. Microsoft Buys Search Start-Up Powerset Under Powerset's hood is decades-in-the-making natural language processing technology the company licensed from the Palo Alto Research Center, formerly of Xerox. Hollywood Faces Strike Over New Media Fees The Screen Actors Guild and the Alliance of Motion Picture and Television Producers are fighting over new media residuals and other contract terms. Pillar Unveils Next-Gen Storage System The Axiom 600 and 600MC are optimized for VMware, Oracle, Microsoft Exchange, SQL database, and other applications often used with the technology. Subscribers who are willing to give up phone support can keep the lower rate, but they must notify the company to opt out of a $2 monthly increase. High-End, Low-End Cell Phones To Gain Share Midrange phones will be overtaken by smartphones and entry-level phones by 2013, ABI Research said. Dell Unveils Virtualization Tool For Blade Systems The FlexAddress tool from Dell eliminates the need to reconfigure individual servers when swapping out an old or failing blade with a new one. Older Versions Of Firefox, IE Put 45% Of All Internet Users At Risk Firefox 2 is considered to be the most secure Web browser because 83.3% of its users worldwide are running the most current version. Google Boosts Mobile Search With Tele Atlas Agreement The deal could place Google and its Android Open Handset Alliance in competition with Nokia and its Navteq navigation technology. Microsoft Revises Volume Licensing Agreements The software vendor is continuing down a path that's cut the total number of licensing programs from more than 100 last year to 26. Xbox 360 Price Cut Coming, Report Says Microsoft is looking to maintain recent Xbox sales' momentum in the face of stiff competition from Sony's PlayStation 3 and Nintendo's Wii unit. SureScripts, RxHub Merge To Expand E-Prescribing Network The combination will form a single secure national network for the exchange of prescription related data between physicians, pharmacies, and prescription benefit management organizations. AMD Debuts Three Quad-Core 'Phenom' Desktop Processors The processors are billed as energy efficient and ideal for small and sleek PCs that can help cut down on energy consumption. See InformationWeek's daily breaking news on your mobile device, visit mobile.informationweek.com and sign up for daily SMS notifications. |
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