The First American Corporation Chooses MicroStrategy as an Enterprise Standard for Business Intelligence
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that The First American Corporation (NYSE: FAF), the nationâ??s largest data provider, has selected MicroStrategy as a business intelligence solution
McLean, Va., (October 04, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that The First American Corporation (NYSE: FAF), the nation’s largest data provider, has selected MicroStrategy as a business intelligence solution. A Fortune® 500 company, First American is expanding its deployment of MicroStrategy across the enterprise to support internal and external business intelligence applications.
First American plans to use MicroStrategy to provide reporting and analytic applications that will help integrate information from its 75 separate business units and subsidiaries. The MicroStrategy platform was selected as an enterprise standard for business intelligence because of its ability to handle large data-sets, large user populations, stringent security requirements and complex analytics.
The First American Corporation has been a MicroStrategy customer since 2002. MicroStrategy was adopted by First American’s Enterprise Technology Group for applications involving real estate and lender products and services, including an extranet for more than 30,000 escrow officers, real estate agents, mortgage brokers and bank managers. The extranet provides reports for customers to assist them in cross-selling products, providing marketplace analysis and providing customer marketing assessments.
First American’s LoanPerformance subsidiary also utilizes the MicroStrategy platform for improved analysis and reporting of mortgage industry data trends. MicroStrategy provides comprehensive historical mortgage data in a secured, Web-enabled user interface, allowing clients to customize reports as well as drill from high-level reporting to an individual loan.
“MicroStrategy has been instrumental in helping us build highly successful business intelligence applications,” said Roger S. Hull, executive vice president and chief information officer for The First American Corporation. “As a result of this unqualified success, MicroStrategy is now our preferred BI vendor, and we are expanding the deployment throughout our organization. MicroStrategy provides a robust architecture with exceptional functionality that can efficiently handle First American’s ever-growing internal and external BI requirements.”
“We are excited to continue building on our excellent relationship with First American,” said MicroStrategy’s COO Sanju K. Bansal. “MicroStrategy’s technology is well suited to help Fortune 500 companies extend the benefits of business intelligence by accessing very large databases and by deploying easy-to-use Web-based applications that can help drive key business operations.”
About The First American Corporation
The First American Corporation (NYSE: FAF), a Fortune 500 company that traces its history to 1889, is the nation’s largest data provider. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.72 billion in 2004, First American has approximately 2,000 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at 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 that could cause MicroStrategy’s actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of MicroStrategy to implement and achieve widespread customer acceptance of its software on a timely basis; delays in MicroStrategy’s ability to develop or ship new products; market acceptance of new products; competitive factors; currency fluctuations; and other risks detailed in MicroStrategy’s 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.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy