Latest Business Intelligence News
Healthcare and Pharmaceutical Organizations Praise MicroStrategy’s New 7i Business Intelligence Platform
Reduced Costs and Improved Patient Care Among Benefits of Using 7i
McLEAN, Va., (May 23, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the new version of its business intelligence platform, MicroStrategy 7i(TM), is winning praise from leading global companies in the healthcare and pharmaceutical industries. The company said its new platform is designed to help healthcare and pharmaceutical organizations analyze operations, streamline claims processes, reduce costs and improve patient care. Pharmaceutical companies can also use MicroStrategy 7i to monitor and enhance marketing activities to boost sales and brand awareness.
“MicroStrategy business intelligence gives us a better understanding of the market, and helps us meet expected market share goals for our products,” said Keith Megay, senior manager of commercial data warehousing at AstraZeneca. “In addition, the performance and scalability of our MicroStrategy-based application is remarkable, allowing our users to be more productive and efficient.”
“Our employees now have instant access to reports that analyze pharmacy claims via the Internet, saving our customers millions of dollars in erroneous claims,” said Bob Martin, New Business Manager at AIM HealthCare. “We were especially pleased with the rapid deployment capabilities MicroStrategy’s platform allows – we got our applications up and running within two months of installation, enabling us to quickly realize the benefits of our reports.”
“MicroStrategy 7i delivers power, functionality and control securely to users across our enterprise — analytics to advanced users, extensive reporting functionality to high-level users, and flexibility and control over the application environment to administrators,” said Todd Wilkes, director of applications development at Premier Inc.
According to MicroStrategy, such features as Windows-like functionality over the Web and pure-HTML interfaces in MicroStrategy 7i, make it easy for healthcare and pharmaceutical companies to deploy secure extranet applications. These applications help companies effectively track patient treatment outcomes, identify cost-saving opportunities and improve business processes.
MicroStrategy’s current healthcare customers include: Aventis Pasteur, AIM HealthCare, AstraZeneca, Cardinal Health, Dura Pharmacueticals, Forest Laboratories, GlaxoSmithKline, Ingenix, Pharmacia, Premier, Novartis, NDC Heatlh, ProVantage, South Fraser Health, Women’s Health.
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 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 possibility that the conditions to the securities class action and shareholder derivative settlement agreements will not be satisfied; 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 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
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
Government Organizations Will Gain From MicroStrategy’s New Business Intelligence Platform, 7i
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that government organizations can significantly benefit from the companyâ??s new business intelligence platform, MicroStrategy 7i, as it can help organizations analyze operati
McLEAN, Va., (May 16, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that government organizations can significantly benefit from the company’s new business intelligence platform, MicroStrategy 7i, as it can help organizations analyze operations, streamline procurement and supply chain processes, cut costs and improve efficiency. The company said that MicroStrategy 7i is designed to help government agencies leverage technology to provide necessary, timely information to their constituencies and effectively handle changing legislative mandates or user requirements.
“MicroStrategy 7i will help the State of Tennessee better manage financial information leading to efficiencies that save both time and money,” said Sherrie Benn, Data Warehouse Consultant at the State of Tennessee. “The easy-to-use interface enables State employees to quickly access state financial data and answer questions that standard financial reports have never provided.” According to the company, MicroStrategy 7i features such as Windows-like functionality over the Web and pure-HTML interfaces, make it easy for government agencies to deploy secure extranet applications, facilitating the flow of information among agencies and their information consumers.
“MicroStrategy 7i security features are comprehensive across users, applications, data, and reports,” added Benn. “MicroStrategy 7i securely delivers insight to the right person in the right agency.”
The fact that the 7i platform is compliant with Section 508 of the Rehabilitation Act of 1973 is another critical benefit to government organizations, MicroStrategy said. Section 508 is a law that requires all government agencies to have made their information systems, application software and electronic information technology accessible to users with disabilities. With MicroStrategy 7i, agencies can easily integrate analytics into existing systems or build new applications without worrying about being out of compliance with Section 508.
MicroStrategy’s current government customers include: Army and Air Force Exchange Service, Centers for Medicare & Medicaid Services, Commonwealth of Kentucky, Drug Enforcement Agency, Federal Election Commission, Ohio Department of Education, State of Tennessee, U.S. Air Force, U.S. Census Bureau, U.S. Department of Housing and Urban Development, U.S. Department of Education, U.S. Postal Service and Workers Compensation Board of British Columbia.
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 1,500 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 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 possibility that the conditions to the securities class action and shareholder derivative settlement agreements will not be satisfied; 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 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
Nation’s Largest Drugstore Chain CVS Closes Major Deal with MicroStrategy
Reaffirms MicroStrategy as Enterprise-Wide Business Intelligence Standard
McLean, Va., (May 15, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that its long-time customer CVS Corporation (NYSE: CVS) signed a multi-million dollar deal for MicroStrategy software and services during the first quarter of 2002. The agreement positions CVS to roll out additional business intelligence applications beyond its headquarters, to field management as well as vendors, stores and customers.
“As part of a strategic Enterprise Information Access initiative, CVS chose the MicroStrategy Business Intelligence Platform(TM) for its ease-of-use, rich features and functionality, superior scalability, robust security, maintainability and solid architectural foundation,” said Mike Dion, director of information services at CVS Corporation. “In the past, pharmacy and retail businesses were focused on having the right product in the right place at the right time. In order to be on top today, it’s equally important to make information accessible to the right people — how, when and where they want it. We view MicroStrategy and its integrated business intelligence platform as a strategic enabler to make appropriate information accessible to employees, vendors and customers in a secure manner.”
A customer since 1996, CVS has the MicroStrategy platform in production today supporting approximately 2,000 end users that run analyses against more than two terabytes of data. A wide range of users are able to analyze areas of the business such as store sales, inventory, profitability, category reviews, vendor scorecards, financials, click-stream activity and real-estate operations.
“We’re very proud to have expanded our relationship with such a national leader as CVS,” said Sanju K. Bansal, chief operating officer of MicroStrategy Incorporated. “This new deal is testament to the fast-growing importance of business intelligence software as a strategic technology and to MicroStrategy’s leadership in producing it.”
About CVS Corporation
CVS is America’s #1 pharmacy, dispensing prescriptions in more stores than any other retailer. With annual revenues that exceed $22 billion, CVS has created innovative approaches to serve the healthcare needs of all of its customers through more than 4,000 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and PharmaCare, its pharmacy benefit management company. General information about CVS is available through the Investor Relations portion of the Company’s website, at http://www.CVS.com.
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 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 possibility that the conditions to the securities class action and shareholder derivative settlement agreements will not be satisfied; 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 Business Intelligence Platform, 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy
State of Tennessee Employs MicroStrategy Business Intelligence Platform to Cut Costs and Increase Efficiency
60 Statewide Agencies to Benefit from More Effective Financial Management
McLean, Va., (May 07, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the State of Tennessee is using the MicroStrategy Business Intelligence Platform(TM) to anchor its financial data access data warehouse. With MicroStrategy, decision-makers in more than 60 statewide agencies, including the Departments of Human Services, Mental Health and Education, are able to more effectively track revenues and expenditures, and make more informed decisions that can reduce costs and increase revenues.
“With the MicroStrategy platform, end users are able to access financial data via the Web, which is proving to be the most valuable service the State of Tennessee has provided to its statewide agencies in the last decade,” said Sherrie Benn, data warehouse consultant at the State of Tennessee. “More than just a report writer, the MicroStrategy Business Intelligence Platform offers analytical capabilities far beyond what has been available.”
“It is anticipated that the use of MicroStrategy software will help the State of Tennessee better manage financial information, leading to efficiencies that will save both time and money,” added Jan Sylvis, chief of accounts at the State of Tennessee. “Ultimately, we expect to see improved strategic planning, activity-based costing and activity-based management in support of State programs.”
MicroStrategy is providing the State of Tennessee’s end users with comparative and exception reporting, more efficient and timely data analysis, enhanced financial data analysis, summary level reporting for management, and consistent interpretation of financial data definitions and business rules. In the future, the State of Tennessee will expand the reach of its business intelligence initiatives to support 800 end users and develop additional BI applications to include budgetary, grants, projects, contract and vendor financials, as well as payroll analyses.
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 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 possibility that the conditions to the securities class action and shareholder derivative settlement agreements will not be satisfied; 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 Business Intelligence Platform, 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
Retailers Praising MicroStrategy’s New Business Intelligence Platform, 7i
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the new version of its business intelligence platform, MicroStrategy 7i�, is winning praise from key retailers. MicroStrategy said MicroStrategy 7i is designed to help
McLEAN, Va. (May 02, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the new version of its business intelligence platform, MicroStrategy 7i(TM), is winning praise from key retailers. MicroStrategy said MicroStrategy 7i is designed to help retailers drive efficiency across their enterprises and boost margins through improved inventory management, customer analysis and marketing campaigns.
“We are very impressed by MicroStrategy 7i’s new Web interface,” said Brian Smetana, Business Analyst at Ace Hardware. “The direction of the technology is in line with our business strategy, enabling us to deploy our business intelligence applications faster and more broadly across the enterprise.”
“Best Buy originally chose MicroStrategy as a reporting standard because of its robust enterprise-class infrastructure that allows us to run over 100,000 reports a morning,” said Randy Mattran, IS Leader of Business Intelligence for Best Buy Co., Inc. “We are excited about MicroStrategy 7i, because the dramatic interface and usability enhancements will increase acceptance by our business customers.”
MicroStrategy 7i’s Windows-like functionality over the Web, zero-footprint client and pure-HTML interfaces make it easy for retailers to deploy extranet applications, allowing partners, vendors and suppliers to contribute to an overall improvement in cost-effectiveness and efficiency.
“With the insight gained from customer and product data through MicroStrategy 7i, our retail customers can more effectively track inventory levels to ensure that the right products are available to their customers at the right time,” said Sanju Bansal, chief operating officer of MicroStrategy Incorporated. “The new platform will enable retailers to more easily gain visibility into operations and more accurately identify areas of potential profit or loss.”
In addition to traditional sales, merchandising and financial data, retail companies are pulling information from source systems containing detailed customer and supply chain data. MicroStrategy 7i allows retailers to analyze their entire business, from the point of sale to customers to the supply chain, from a single integrated environment.
“Retail organizations can benefit not only from the powerful analytical capabilities, but from MicroStrategy 7i’s improved ease of use and the ability to easily extend business intelligence applications to any store manager, analyst or supply chain vendor,” added Bansal.
MicroStrategy’s current retail customers include: Ace Hardware, Bed, Bath & Beyond Inc., Belk, Inc., Best Buy Co., Inc., Big Lots, Inc., Circuit City, The Container Store, Faith Shoes, Foot Locker, Inc., Hallmark Cards Inc., Raley’s Supermarkets & Drug Centers, Supervalu and WH Smith PLC.
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 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 possibility that the conditions to the securities class action and shareholder derivative settlement agreements will not be satisfied; 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 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
Telecom Industry to Benefit from MicroStrategy’s New Business Intelligence Platform, “7i”
Sprint PCS Praises New Platform
McLEAN, Va. (May 01, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that global telecommunications companies can significantly benefit from using the new version of its business intelligence platform, MicroStrategy 7i(TM). Sprint PCS has already weighed in with a very favorable review.
“MicroStrategy 7i enables our users ‘speed-of-thought’ analytics. The ability to easily drag and drop manipulations with the click of the mouse is a substantial benefit to users and a time saver for developers,” said Gene Williams, Software Engineer at Sprint PCS. “The 7i release will help make our vast amounts of data more useful to employees by presenting insight to users in a format that is easy to understand and easy to access.”
MicroStrategy 7i’s Windows-like functionality over the Web, zero-footprint client and pure-HTML interfaces make it easy for telcos to deploy extranet applications, allowing call center, customer service employees and customers themselves to access accurate, up-to-date account information and make more informed decisions.
“Telecommunications companies are increasingly turning to customer analysis to maintain their competitive advantage,” said Sanju Bansal, chief operating officer of MicroStrategy Incorporated. “MicroStrategy 7i will enable telcos to more accurately identify and target profitable customers for marketing campaigns, as well as improve overall customer service.”
MicroStrategy’s current telecommunications customers include: AT&T, Brasil Telecom, British Telecom, Bellsouth, Telefonica, Cable & Wireless, Cablevision, Deutsche Telecom, MCI Worldcom, Global Crossing, Brazil’s Global Telecom, Omnitel Vodafone, Sprint PCS, Telecom Italia, Telstra and Verizon.
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 1,500 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 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 possibility that the conditions to the securities class action and shareholder derivative settlement agreements will not be satisfied; 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 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
MicroStrategy Reports Profitability in Q1 2002; Company Exceeds Estimates Reporting Both a GAAP and Pro Forma Profit
MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced its financial results for the three- month period ending March 31, 2002 (the first quarter of its 2002 fiscal year), reporting both GAAP and pro forma profitability.
MCLEAN, Va. (April 29, 2002) –
MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced its financial results for the three- month period ending March 31, 2002 (the first quarter of its 2002 fiscal year), reporting both GAAP and pro forma profitability.
First quarter 2002 revenues were $35.7 million versus $43.2 million in fourth quarter of 2001 and $49.4 million in the first quarter of 2001. Net income attributable to common stockholders for the first quarter of 2002, determined in accordance with Generally Accepted Accounting Principles (GAAP), was $0.4 million. Pro forma net income for the first quarter of 2002 was $1.8 million. Pro forma net income excludes restructuring and impairment charges, amortization of goodwill and intangible assets, losses on investments and gains attributable to a reduction in the estimated cost of a litigation settlement and other non-recurring items. Diluted pro forma earnings per share was $0.02 and diluted GAAP loss per share was $(0.08) in the quarter. GAAP earnings per share loss adjustments include an assumed $10.4 million non- cash loss on conversion of preferred securities further described below. A reconciliation of GAAP to pro forma earnings is included in the attached financial exhibits.
“After achieving our profitability objective in the traditionally strong fourth quarter of last year, we’re pleased to report we sustained profitability in the first quarter of 2002,” said MicroStrategy President and CFO, Eric Brown. “These results are further evidence of our progress at establishing an increasingly productive and competitive business intelligence software company.”
“During 2001, we restructured the firm, drastically cutting our cost and capital requirements, and reducing our scope to focus on the Business Intelligence Platform market. Our operating results improved steadily throughout the year, and we ended the year having achieved our goal of pro forma profitability,” said Michael J. Saylor, MicroStrategy Chairman and CEO. He continued: “During 2002, our goal is to strengthen our enterprise software business by launching new products, introducing new proprietary services, and more carefully managing both our corporate as well as our customer facing activities. I am pleased to report that we are making steady progress in all these areas. In Q1 2002, our improved budgeting and control systems allowed us to exceed our earnings guidance. We also upgraded our Consulting, Education, and Support service offerings to provide more proprietary Business Intelligence advice to our customers. By selling some of these new offerings in the form of annual service contracts, we expect to create new, profitable, recurring revenue streams while simultaneously providing more value to our customers.
“On April 26, we made MicroStrategy 7i(TM) generally available. We believe that we are the first Business Intelligence vendor to offer a product line that combines the features of Ad-Hoc Query, Reporting, OLAP, ROLAP, and Statistical/Financial Analysis into a single platform. MicroStrategy 7i should allow us to win business that otherwise would have gone to Business Objects, Cognos, Hyperion or SAS. Additionally, MicroStrategy 7i will allow us to generate revenue from existing customers as they license new modules and expand their user and processor capacity.
“We believe that we now have the right combination of products and services to be successful in the high end of the Business Intelligence market and have properly restructured our business model. We now have the opportunity to sell a broad range of compatible software modules and proprietary BI services to existing customers, as well as a highly differentiated Business Intelligence Platform to new customers. We have never had a stronger product line or larger addressable customer base. Accordingly, we have shifted our focus to sales execution and have embarked upon an aggressive program to increase the size, scope, and effectiveness of our sales organization. During the coming year, we expect to add personnel at all levels of the sales hierarchy, with special emphasis on filling out the ranks of junior account executives. Given our renewed focus on enterprise Business Intelligence and advances in web-based product support, we are optimistic that we can increase our revenues faster than our cost of sales.”
Highlights from Q1 2002
Signed Agreements with 26 OEMs (Original Equipment Manufacturers) & Systems Integrators
New partners include: ABH Consulting, Inc; Annams Systems Corporation; Atlantic Intelligence Inc.; B & B Technology Services, Inc.; CadenceQuest, Inc.; Convergent Domains, LLC; Covansys; DST Innovis; Euclid, Inc.; Eyretel, Inc.; Gestion DLH Inc.; Infowise Solutions, Inc.; Innovative Consulting; Keyrus Canada, Inc.; Kinetic Networks; Retail Solutions, Inc.; Supra Software; TechnoLogix; Vivare, Inc. and Vizional.
Added 109 New Customers
New Customers and New Deals with Existing Customers in Q1 2002 Included:Best Buy Co., Inc.; Bed, Bath & Beyond Inc.; Centers for Medicare & Medicaid Services; CVS; Verizon Communications Inc.; AstraZeneca; Foot Locker, Inc.; Children International; Keyspan Corporation; Elder-Beerman Stores Corp.; Telecom Italia; The Container Store; Compuware Corp.; and NDC Health Corporation.
Samples of Noteworthy Customer Deals from Q1 2002:
AstraZeneca:
AstraZeneca, one of the top five pharmaceutical companies in the world, purchased MicroStrategy software and services to extend its business intelligence applications across the enterprise. Approximately 250 AstraZeneca employees currently use the MicroStrategy platform to determine market share, easily explore cost and profit data, and track the performance of new products. The global pharmaceutical company uses MicroStrategy software to distribute 70,000 reports within a 24-hour window. As a result, employees have the ability to make more effective business decisions that increase sales and drive market share gains.
Best Buy:
Best Buy, North America’s leading specialty retailer of consumer electronics, personal computers, entertainment software and appliances, purchased 13,000 additional MicroStrategy software licenses. A MicroStrategy customer since 1997, Best Buy’s award-winning business intelligence applications are currently deployed to 4,500 end users for business performance management and vendor performance management. The recent first quarter purchases will enable Best Buy to deploy MicroStrategy 7 to its newly acquired businesses, including Sam Goody, Suncoast, Media Play, and On Cue stores, as well as extend its current in-store business intelligence applications to additional Best Buy stores.
Telecom Italia:
Telecom Italia, Italy’s top telecommunications firm in wireless and fixed- line operations, purchased additional MicroStrategy software and services to expand their business intelligence applications. The company uses MicroStrategy software to analyze the characteristics and needs of over one million portal visitors to its four Web sites. Using MicroStrategy products, Telecom Italia can improve its customer service and increases customer loyalty.
More Recognition of MicroStrategy’s Technological Leadership
In January 2002, MicroStrategy won Reader’s Choice awards in Intelligent Enterprise, a leading IT publication, for its software’s advanced analysis and data mining capabilities and for customer relationship management (CRM) analysis. MicroStrategy won these awards in competition with Business Objects, Oracle, Cognos, Brio, Actuate, and SAS Institute.
Also in January of 2002, MicroStrategy 7 was found to be the most comprehensive analytical tool reviewed by the CRN Test Center, in an evaluation of analytical tools including Microsoft’s Data Analyzer 3.5 and ProClarity’s Analytic Platform 4.0. MicroStrategy’s interactive, pure-HTML Web client and extensive library of analytical functions were among the top features the review highlighted, and the MicroStrategy 7 platform was deemed the best solution for the Web.
Finance Commentary
Diluted pro forma earnings per share was $0.02 and diluted GAAP loss per share was $(0.08) in the quarter. The Q1 2002 diluted GAAP loss per share of $(0.08) was primarily the result of an adjustment to the numerator of the earnings per share calculation of $10.4 million in losses from the assumed conversion of MicroStrategy’s Series A, B, and C preferred shares, in addition to the incremental shares added to the denominator. This assumed loss on conversion is strictly a non-cash item and is the theoretical difference between the fair market value of the common shares to be issued and the current carrying value of the preferred securities. Even though the Series A, B and C preferred shares are unconverted as of the end of Q1 2002, the assumed loss on conversion must be considered for the GAAP earnings per share computation. A reconciliation of the adjustments to the numerator and denominator on the GAAP earnings per share calculation and additional disclosure is included in the attached financial exhibits. For the first quarter ending March 31, 2002, the company reported positive pro forma EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of $6.4 million making this the fourth consecutive quarter of positive pro forma EBITDA results. A reconciliation of net income attributable to common stockholders to EBITDA is provided in the attached financial exhibits. In connection with completing the development of MicroStrategy 7i, the Company capitalized $2.4 million in software development costs during Q1 2002 and expects to capitalize additional costs through the general availability release in late April 2002. The Company expects the quarterly capitalization of software development costs to be substantially less for the duration of 2002 as compared to Q1 2002. In April of 2002, the Company amended its credit facility with Foothill Capital, a subsidiary of Wells Fargo, to eliminate the covenant requiring that the company raise an additional $10 million in either equity financing or through asset sales by June 30, 2002.
Separately, MicroStrategy Chairman and CEO, Michael Saylor, has informed the company that, effective April 29, 2002, he is terminating his 10b5-1 selling program announced in February 2001. “I think the company is well positioned to grow and prosper during the coming years,” said Mr. Saylor. “We have the opportunity to become a truly great enterprise software company. Given the current uncertain state of the markets, I believe that it is important that I reaffirm my commitment to both the company as well as our other loyal shareholders. I currently hold approximately 36 million shares of MicroStrategy and believe that they are my best investment. I am terminating my 10b5-1 program because I believe the needs of our employees, customers, and investors should come ahead of my own routine diversification plan in these difficult times.”
Outlook and Financial Guidance Information
The following statements are subject to risks and uncertainties described at the end of this press release. Management guidance for 2002 supersedes any previously announced guidance as to the Company’s expectations for financial results for 2002.
Management offers the following guidance for the consolidated continuing operations of MicroStrategy for the quarter ending June 30, 2002:
Revenue is expected to be in the range of approximately $33 to $37 million. Pro forma results of operations, excluding special items, are expected to range from a loss of $3 million to breakeven. Pro forma earnings per share, excluding special items, and assuming a basic weighted average share count is expected to range from a loss of approximately $(0.03) per share to $0.00 per share. Average share count in the quarter using the basic weighted average share count method is expected to be 96-97 million. This assumes conversion of the Series A preferred stock and no interim conversion of the Series B, C, or D preferred stock.
Management offers the following guidance for the consolidated continuing operations of MicroStrategy for the full year ending December 31, 2002:
Consolidated revenue is expected to be in the range of approximately $145 to $160 million. Consolidated pro forma earnings per share, excluding special items, is expected to be in the range of approximately $0.02 to $0.06 per share.
MicroStrategy will hold a conference call chaired by Michael Saylor today at 5:30 p.m. (EDT) Domestically, dial 877-597-9704 and mention Michael Saylor as the chairperson prior to 5:30 p.m. EDT, or for 48-hour playback access, dial 800-642-1687 and enter the conference ID 3797796. Internationally, dial 706-634-6550 and mention Michael Saylor as the chairperson prior to 5:30 p.m. EDT, or for 48-hour playback, dial 706-645-9291 and enter the conference ID 3797796. For a live Webcast or replay of the call, visit — http://www.microstrategy.com/investor or http://www.streetevents.com for StreetEvents subscribers.
For a Consolidated Statement of Operations and Balance Sheets, visit http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=MSTR&script=410&layout=-6&item_id=288215.
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 1,500 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 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 possibility that the conditions to the securities class action and shareholder derivative settlement agreements will not be satisfied; 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 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy
MicroStrategy Unveils “Breakthrough” Business Intelligence Platform
Will Allow Easier, Less Costly Deployment of High-Value Business Intelligence Enterprise-Wide
MCLEAN, Va., (April 22, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the availability on April 26th of a new version of its award-winning business intelligence platform. MicroStrategy said the new platform, called MicroStrategy 7i, represents a breakthrough for the industry as it is the first truly integrated, Web-based platform that puts an “unprecedented range of user functionality” into a single business intelligence technology.
With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide — generating higher levels of productivity and efficiency than ever before. Customers, partners and suppliers will also benefit, the company added, as MicroStrategy 7i’s architecture greatly facilitates the implementation of business intelligence extranets.
Business Intelligence Consolidation = Lower Costs
With major innovations in Web-based reporting and the integration of Intelligent Cubes(TM), MicroStrategy indicated its enterprise customers are finding they can replace multiple query, reporting and OLAP tools with the single MicroStrategy 7i platform. This consolidation lowers their procurement, development, and administration costs and provides a single version of business intelligence across the enterprise.
Technical Innovations Extend Bottom-Line Benefits of Business Intelligence Enterprise Wide
MicroStrategy identified five major areas of technical innovations for MicroStrategy 7i: Intelligent Cubes, Windows on the Web, Information Collaboration, Portable Analytical Modules, and Portal Integration and Web Services:
Intelligent Cubes
MicroStrategy 7i is the first technology to combine the speed and interactivity of multi-dimensional OLAP analysis with the full analytical power and depth of relational OLAP. MicroStrategy 7i accomplishes this through Intelligent Cubes(TM), which are user-created multi-dimensional cubes that operate within MicroStrategy Intelligence ServerTM. In MicroStrategy 7i, creating an Intelligent Cube(TM) is as easy as creating a report. MicroStrategy 7i is the first business intelligence platform to seamlessly combine access to terabyte databases with the speed of multi-dimensional cubes, enabling reporting, ad hoc query, OLAP, statistical analysis, and ROLAP from one interface.
Windows on the Web
MicroStrategy 7i’s new Web interface provides the speed and features of a Windows client, including drag-and-drop report formatting, drop-down menu bars, and right-mouse click drill-down, without ActiveX or Java applet downloads. MicroStrategy Web users can also build their own reports, design reports for other users and interactively analyze data, all through a secure zero-footprint Web client that is completely transparent to firewalls.
Information Collaboration
MicroStrategy 7i is designed to simplify information sharing – and is the only platform to provide a full capability to both create and share business intelligence insight. Users can analyze reports by drilling, pivoting, sorting, filtering, and subtotaling, and then can email reports to other users instantly with “Send Now”; schedule reports for regular delivery; publish reports to their workgroups; and export reports in Excel, PDF or HTML formats.
Portable Analytical Modules
A breakthrough in packaged analytic applications, MicroStrategy’s Portable Analytic Modules contain predefined, business-oriented reports and business workflows – with the additional ability to be fully customized and “ported” to existing databases and data warehouses. Unlike other packaged applications, MicroStrategy 7i Portable Analytic Modules are not tied to a pre-determined database schema. Instead, MicroStrategy’s powerful logical modeling tool allows Portable Analytic Modules to be “wired up” to existing databases, eliminating costly data replication and ETL (extract, transform, and load) investments.
Portal Integration and Web Services
With the introduction of the MicroStrategy 7i Portal Integration KitTM, companies now have pre-packaged connectors to quickly include business intelligence into portal products like Epicentric, Hummingbird®, and Plumtree®. Similarly, with MicroStrategy 7i Web Services Development KitTM , customers can access any MicroStrategy function through standard Web Services protocols (SOAP, UDDI) and techniques.
For more details about MicroStrategy 7i, click on Web link to one-page fact sheet: http://www.microstrategy.com/7i_factsheet.asp.
Leading Customers & Industry Analysts Praise MicroStrategy 7i
Ace Hardware:
“We are very impressed by MicroStrategy 7i’s new Web interface,” said Brian Smetana, Business Analyst at Ace Hardware. “The direction of the technology is in line with our business strategy, enabling us to deploy our business intelligence applications faster and more broadly across the enterprise.”
Best Buy:
“Best Buy originally chose MicroStrategy as a reporting standard because of its robust enterprise-class infrastructure that allows us to run over 100,000 reports a morning,” said Randy Mattran, IS Leader of Business Intelligence for Best Buy Co., Inc. “We are excited about MicroStrategy 7i, because the dramatic interface and usability enhancements will increase acceptance by our business customers.”
Premier:
“MicroStrategy 7i delivers power, functionality and control securely to users across our enterprise — analytics to advanced users, extensive reporting functionality to high-level users, and flexibility and control over the application environment to administrators,” said Todd Wilkes, Director of Applications Development at Premier.
State of Tennessee:
“MicroStrategy 7i will help the State of Tennessee to better manage financial information leading to efficiencies that will save both time and money,” said Sherrie Benn, Data Warehouse Consultant at the State of Tennessee.
Henry Morris, VP for Applications and Information Access, IDC:
“The value of a business intelligence architecture is dependent on the number and variety of analytic applications it supports. MicroStrategy 7i, with its powerful ROLAP and Web reporting capabilities, significantly increases the range of applications its customers can run. The net effect will be to extend the benefits of business intelligence to far more users across the enterprise.”
Nigel Pendse, Lead Author of The OLAP Report (http://www.olapreport.com/):
“MicroStrategy has taken a great step forward in improving the interactivity of its Web interface, which is now one of the best of the true zero-footprint, browser-independent OLAP Web implementations. The new high speed server cubes and flexible Web front-end, coupled with MicroStrategy’s traditional power when analyzing large volumes of detailed information, is a compelling combination.”
Bob Moran, Research VP and Managing Director, Data Knowledge and Analytics, The Aberdeen Group:
“Enterprises clearly have been asking for a single BI platform that can serve as an institutional standard for a full spectrum of BI needs, from Query & Reporting and OLAP to static and proactive reporting, MicroStrategy 7i has not only responded with a consolidated architectural platform, but it has delivered pure-Web report creation and formatting capabilities that will give enterprises the facility to answer their questions in the BI style of their choice while maintaining the flexibility to support evolving BI needs.”
Wayne Eckerson, Director of Education and Research, The Data Warehousing Institute:
“To maximize the reach and hence ROI of enterprise-wide deployments, organizations need full-featured pure-Web analytical environments which minimize the amount of end-user training required. MicroStrategy 7i’s Windows-like navigability over the Web, including drag-and-drop and right-click functionality, is a great step in that direction.”
“Enterprise-Class Business Intelligence without High Cost”
“MicroStrategy 7i’s new zero-footprint Web interface provides the richness of Windows business intelligence interfaces, but without dangerous Java or ActiveX downloads,” said Sanju Bansal, MicroStrategy’s Vice-Chairman and COO. “Organizations can now safely deploy a single business intelligence platform for all of their departmental, enterprise, and extranet applications. Unlike competing offerings that force deployment of both Windows and Web interfaces to satisfy all users, thus increasing deployment and administration costs, MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users from casual report viewers to power analysts.”
Bansal added: “Companies and organizations can now extend high-end business intelligence enterprise-wide without the high cost. That offers them the capabilities to make much fuller use of their data, to gain vital new intelligence from it, and to make proactive decisions that can drive efficiency, productivity and customer relations. With MicroStrategy 7i, we’re demonstrating, once again, that MicroStrategy’s leadership derives from innovation not imitation.”
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 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 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, 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; the timely release of the MicroStrategy 7i platform; 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 Business Intelligence Platform, MicroStrategy 7, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy
Osaka, Japan-based Santen Pharmaceutical Co., Ltd. Deploys its Sales Analysis System On the MicroStrategy Business Intelligence Platform
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, and MicroStrategy distributor JMA Systems today announced that Santen Pharmaceutical Co., Ltd. has rebuilt its sales analysis system on MicroStrategy 7�. Santen Pharmaceutical Co. is dedica
McLean, Va., (April 15, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, and MicroStrategy distributor JMA Systems today announced that Santen Pharmaceutical Co., Ltd. has rebuilt its sales analysis system on MicroStrategy 7(TM). Santen Pharmaceutical Co. is dedicated to innovations in eye and healthcare, and devotes its managerial resources to developing ophthalmic and anti-rheumatic pharmaceuticals.
After evaluating numerous business intelligence vendors, Santen Pharmaceutical Co., Ltd. chose MicroStrategy for its ability to meet Santen’s current business intelligence needs and provide Web-based functionality across the enterprise. With MicroStrategy 7, Santen Pharmaceutical Co. has an integrated business intelligence platform that can keep up with constantly evolving user requirements. The MicroStrategy system will allow Santen’s sales representatives throughout Japan to focus on their sales activity using only a Web browser.
“MicroStrategy’s software platform is highly scalable, offers superior performance and allows our end users to obtain critical business insight with ease,” said Santen Pharmaceutical’s General Manager for the Corporate Services and IS Solution Group. “Santen Pharmaceutical aims to drive sales activity with its MicroStrategy Business Intelligence Platform.”
About Santen Pharmaceutical Co., Ltd.
Since its founding more than 110 years ago, Santen has been dedicated to innovations in eye and healthcare. As an integrated pharmaceutical company, Santen is involved in research and development, production and sale of prescription and over-the-counter (OTC) pharmaceuticals. Santen concentrates its managerial resources in ophthalmic and anti-rheumatic pharmaceuticals and is committed to conducting basic studies of diseases and their pathologies and developing new products that meet the needs of medical professionals and their patients. Sales to medical institutions and pharmaceutical retailers are promoted through the use of the Company’s extended information network and experience in its specialties.
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; the timely release of the MicroStrategy 7i platform; 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 Business Intelligence Platform, MicroStrategy 7, 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