Sep. 17, 2009 (Business Wire) -- Conexant Systems, Inc. (NASDAQ: CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, video, and embedded-modem applications, today announced that it has been named to the 2009 InformationWeek 500, an annual listing of the nation’s most innovative users of business technology. Conexant was ranked 194 on the list, and was recognized for its cash management and forecasting system, which was deployed in March 2009. The proprietary, patent-pending system has enabled the company to significantly improve cash forecasting visibility and maximize cash flexibility.
“We are proud to have been named a member of the prestigious 2009 InformationWeek 500, and commend our Operations team for their outstanding efforts on this project,” said Sailesh Chittipeddi, co-president of Conexant. “We remain committed to improving execution and efficiency throughout our organization. Moving forward, we will continue to apply technology in innovative ways to drive further operational improvements that contribute to our long-term success.”
“For over 20 years, the InformationWeek 500 has honored the most innovative users of business technology,” said InformationWeek Editor-in-Chief Rob Preston. “Year after year, InformationWeek 500 companies harness technology to improve efficiency, boost productivity, drive revenue, and establish a competitive advantage. We applaud Conexant and this year’s winners, and the CIOs and other executives whose ingenuity and risk taking are at the center of business technology innovation.”
For more information about InformationWeek or the InformationWeek 500, please visit www.informationweek.com/iw500/.
About Conexant
Conexant’s comprehensive portfolio of innovative semiconductor solutions includes products for imaging, audio, video and embedded-modem applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com
Conexant is a registered trademark of Conexant Systems, Inc.
