Arch Coal earned a spot in the top 250 of the 2012 InformationWeek 500, marking the seventh consecutive year that the company has been ranked one of the nation's most innovative users of business technology by InformationWeek. It was most notably recognised for the speed of integration following the US$ 3.4 billion acquisition of International Coal Group (ICG), a leading global metallurgical coal supplier with more than 3000 employees.
"We firmly believe that integration speed is a strategic differentiator," said Arch Coal’s vice president and chief information officer, David E. Hartley. "To that end, we effectively converted the acquired company to our technology solutions at the remarkable speed of seven weeks from start to finish. Approximately 95% of business transactions were captured using Arch Coal's systems on the first day the acquisition closed."
"Because of the swift and precise integration, the two companies acted as one during the very first year following the transaction," said John T. Drexler, Arch Coal's senior vice president and chief financial officer. "Our business process approach, involving teams composed of functional experts and technologists, allows Arch to drive real value throughout the organisation, whether we're tackling a massive acquisition or deploying new technologies."
"The InformationWeek 500 has recognised the most innovative users of business technology for 24 years, and this year's innovations were particularly impressive," said InformationWeek editor-in-chief Rob Preston. "What the editors looked for are unconventional approaches - new technologies, new models, new ways of grabbing business opportunities and solving complex business problems with IT."
Adapted from a press release by Jonathan Rowland.