Export-Import Bank of Korea Deploys MicroStrategy Business Intelligence Platform Enterprise-Wide
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the Export-Import Bank of Korea is using the MicroStrategy Business Intelligence Platform� enterprise-wide to support extensive financial analyses.
McLEAN, Va., (November 11, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the Export-Import Bank of Korea is using the MicroStrategy Business Intelligence Platform(TM) enterprise-wide to support extensive financial analyses. Established in 1976, the Export-Import Bank of Korea, with approximately 11.9 trillion won in assets, is a special governmental financial institution with 550 employees and 17 domestic and international branch locations and subsidiaries.
“MicroStrategy is critical to the bank’s IT infrastructure, as the technology enables our end users to search and analyze statistics on Korean firms’ overseas direct investments in order to effectively manage economic risk,” said Mr. Chang-Hwan Jung, senior economic research officer at the Export-Import Bank of Korea. “The MicroStrategy platform offers superior data and end user scalability as well as powerful analytical capabilities. With MicroStrategy software, our end users can create a wide variety of analytical reports that serve as a good reference in the decision-making process. As a result, we will be able to enhance our work efficiency and utilization of the bank’s financial resources.”
End users in all departments across the bank can create sophisticated yet intuitive reports in various formats, and then post them online for its domestic and overseas end user communities. According to Jung, MicroStrategy meets the bank’s business intelligence standards for continuous and sophisticated analyses of extensive financial data by enabling its end users to create, modify and deploy reports with ease via the Web.
About the Export-Import Bank of Korea
Established in 1976, the Export-Import Bank of Korea is a special governmental financial institution with approximately 550 employees, 7 domestic branch locations, 7 overseas branch locations, 3 overseas subsidiaries and approximately 11.9 trillion won in assets. The Export-Import Bank of Korea supports exports principally through extending loans to both suppliers and buyers. Its major services are Export Credit, Overseas Investment Credit, Major Resources Development Credit and Import Credit.
About MicroStrategy Incorporated
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly 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 selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 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, Hewlett-Packard, 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.
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Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com
Source: MicroStrategy