Carl Warren & Company’s Fortune 500 Clients to Perform Risk Management and Loss Prevention Analyses with MicroStrategy
MicroStrategy Business Intelligence Platform Selected to Anchor Extranet Applications
McLean, Va., (May 20, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Carl Warren & Company has chosen the MicroStrategy Business Intelligence Platform(TM) as its enterprise-wide business intelligence standard. Orange, California-based Carl Warren & Company provides claims and litigation management services to more than 650 clients in the high tech, retail, transportation, consumer products, healthcare, banking, public agency and hospitality industries.
“Our mission is to provide our clients with customized claim management solutions,” said Michael Dekema, executive vice president at Carl Warren & Company. “MicroStrategy is supporting this mission with world-class, reliable business intelligence software. We selected the MicroStrategy Business Intelligence Platform for its ease of use, superior performance, pure Web design and its leadership in the business intelligence industry. Our MicroStrategy-based extranet will give our clients secure access to their important claims information so that they can make better decisions that reduce costs.”
Carl Warren employees are currently using the MicroStrategy platform to perform financial analyses of client claims’ data in a secure environment. End users are able to track historical payments on claims as well as cash reserves over time. In the near future, Carl Warren clients will access a MicroStrategy-based extranet environment to perform intuitive reporting and ad-hoc analyses on risk and loss prevention data. MicroStrategy’s platform will enable clients to link to individual claims information, drill down to a particular payment and read the narrative associated with the payment.
About Carl Warren & Company
Carl Warren & Company has provided claim and litigation management services to a variety of distinguished clients since 1944. The employee-owned corporation includes over 250 people serving in 22 offices around the country. Carl Warren & Company has built an outstanding reputation with insurers, public agencies and corporations by delivering customized claim management solutions. These solutions include prompt investigation, focused litigation management, accurate case analysis and powerful information systems. Its innovative claims management methods provide clients with unparalleled quality service. Carl Warren & Company has more than 650 clients in the high tech, retail, transportation, consumer products, healthcare, banking, public agency and hospitality industries.
About MicroStrategy
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 1,500 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, 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 ability of the Company to solve the inherent technical issues involved in modifying its MicroStrategy 7i software on a timely basis so that it will compatible with the Sun Solaris 9 operating system in the periods indicated; 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 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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.
MicroStrategy, MicroStrategy 7, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet, MicroStrategy Web 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.
Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com
Source: MicroStrategy