Acturis Improves Customer Service in General Insurance Industry with MicroStrategy’s Business Intelligence Software
MicroStrategy Software Will Enable Brokers and Insurers to Capture Internet Opportunities that Can Significantly Improve Profitability
McLEAN, Va., (March 01, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Acturis, a pioneering technology company in the insurance industry, has selected the MicroStrategy Business Intelligence Platform(TM) to anchor its reporting and management information system, the Acturis Report Center. The Acturis Report Center will allow brokers, insurers and their technology partners to improve the productivity and efficiency of insurance services by enabling effective business performance measurement.
Acturis works with insurance companies to radically redesign, restructure and improve the efficiency of the insurance industry. Acturis will enable brokers and insurers to identify cost-saving opportunities, improve customer service, quickly create new products and improve profitability. In addition, the Acturis Broker Platform will provide brokers and insurers with a new and innovative way of transacting insurance, thereby allowing Acturis to reduce duplication of work, lower error rates and drive more cost out of the broker distribution channel.
Acturis chose the MicroStrategy platform for its ability to meet Acturis’ demanding growth expectations. Acturis indicated that the platform’s power and scalability combined with its completely open software development kit (MicroStrategy SDK(TM)) – allowing for seamless integration into the Acturis platform – made MicroStrategy a clear winner.
“Today, few brokers have access to the critical information needed to serve their customers and run their businesses effectively,” said Theo Duchen, co-CEO, Acturis. “The Acturis Report Centre will give brokers the necessary data to manage their business with a performance and profit management mindset. The MicroStrategy Business Intelligence Platform stands out from the competition as it will enable Acturis to deliver superior reporting for our insurer and broker customers.”
“We are delighted that MicroStrategy will enable Acturis to extend business intelligence to its customers, enabling them to capture new prospects in today’s highly competitive insurance market,” said Bob Skeens, UK managing director of MicroStrategy Incorporated.
About Acturis
Acturis is working with forward-looking provincial brokers and a number of leading insurers to develop the broking system of the future.
Acturis is using Internet connectivity and innovative technologies to make brokers and insurers more efficient, effective and successful in a new environment. The Acturis Broker Platform will provide the IT base for a new and innovative way of transacting insurance, reducing duplication of work, lowering error rates and driving cost out of the broker distribution channel.
The Acturis Team
Sir Brian Pitman, the former Lloyds-TSB Chairman, is Chairman of Acturis. Sir Brian is a known and respected name throughout the financial services market and the City, and his experience in driving efficiency savings and innovation through Lloyds-TSB is invaluable. Our experienced team is led by co-CEOs, David McDonald and Theo Duchen. Both are ex-partners at McKinsey, where David managed the UK eCommerce practice area and Theo managed the UK General Insurance team. Jointly they have in excess of 20 years experience in UK financial services and have worked with many top UK insurers and brokers. They are supported by a blue-chip team recruited from companies such as McKinsey & Co, Accenture, Arthur Andersen and Dresdner Kleinwort Bensen.
For further information visit www.acturis.com or contact Simon Ronaldson on 020 7079 4017.
About MicroStrategy Incorporated
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine recently selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Built for the Internet: MicroStrategy 7 is the Scalable Business Intelligence Platform Built for the Internet(TM). Its pure-Web architecture provides Web reporting, security, performance and standards that are critical for Web deployment. Within intranets, MicroStrategy’s products provide employees with information to enable them to make better, more cost-effective business decisions. In extranets, enterprises can use MicroStrategy 7 to build stronger relationships by linking customers and suppliers via the Internet.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with approximately 1,500 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Compaq, Informatica and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.
This press release may include statements that may constitute “forward-looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the possibility that the conditions to the securities class action and shareholder derivative settlement agreements will not be satisfied; the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7 software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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Source: MicroStrategy