Bloomington, Indiana – September 26, 2006: Cornerstone Information Systems is proud to announce that its President and CEO Mat Orrego is a finalist for the 2nd Annual Indiana University Entrepreneurial Awards of Distinction in the Spirit category. Mr. Orrego, an Indiana University alum, will also be recognized with a special finalist award.
The Indiana Entrepreneurial Spirit award recognizes people that have a high standard in risk-taking behavior, a clear vision for success, and those that learn by overcoming obstacles and mistakes. The Indiana University Kelley School of Business Johnson Center for Entrepreneurship and Innovation will reveal the winners and celebrate the achievement of Indiana’s entrepreneurial endeavors the evening of Thursday, October 19 at the Indianapolis Roof Ballroom.
“We’ve found success by identifying the key problems our clients are facing and delivering technology designed to address these problems. This has enabled our customers to be more successful because they are freed up to focus on their core competencies,” said Mr. Orrego. “I learned this key principle when I attended Kelley School of Business and Cornerstone continues to benefit from the school through internship and employment arrangements with the talented students developed by Indiana University. While I am honored to be a finalist, this award really honors the collaborative efforts of the Cornerstone team. As they drive the success of the company, everyone in the organization and in the communities in which we live share in the benefits of entrepreneurial success.”
Mr. Orrego has shown his entrepreneurial spirit by taking risks, such as launching Cornerstone by convincing his then boss to become a co-investor in this new venture. Mr. Orrego has also since launched into new lines of business and into new markets including residential development, minor league baseball and professional staffing. Under the guidance of Mr. Orrego, Cornerstone Information Systems has brought the company to 53 straight quarters of profit and an average of 20% annual revenue growth over the last six years.
About Cornerstone Information Systems, Inc.
Cornerstone Information Systems is a professional services company helping travel management companies, corporate travel departments, airline and global distribution systems work more efficiently and more profitably. Founded in 1992, Cornerstone Information Systems is a privately held company based in Bloomington, Indiana with personnel in eight locations worldwide. Further information about the company is available at www.ciswired.com or by calling Alan Minton at (812) 269-0014.