Leading Drugstore Operator The Katz Group Reports Success Using MicroStrategy Technology
MicroStrategy Credited with Reliable, Easy-to-Use Platform
McLean, Va., (June 12, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that The Katz Group of pharmacies is using MicroStrategy software to anchor several business intelligence applications for its Pharma Plus Drug Marts Ltd., Pharmx Rexall Drug Stores Ltd. and Herbie’s for Drug and Food Store chains. The Katz Group, headquartered in Missisauga, Ontario, Canada, is one of North America’s leading drugstore and pharmacy operators, with annual sales exceeding $6 billion. The company operates more than 1,800 drugstores in Canada and the United States under multiple banners.
“We use the MicroStrategy Web-based platform strategically to determine optimal product mix and improve our margins,” said Glenn Voakes, Director, Information Technology at Katz Pharmacy Services Inc. “Our MicroStrategy applications have quickly become mission critical and are used to effectively guide us in making the right business decisions on a daily basis. Our users are ecstatic about the system. We are currently extending the warehouse to include Rx information, Loyalty Management Group Air Mile Reward data and are providing our suppliers with secure, remote access directly to their own product information.”
The MicroStrategy platform anchors a point of sale data warehouse that contains daily product information down to the stock keeping unit (SKU) by store. The aggregated data allows for rapid retrieval of information to analyze marketing and financial key performance indicators.
Employees use the MicroStrategy platform to manage product movement, analyze trends, manage margins and track the effectiveness of product marketing promotions across the banners. According to Voakes, MicroStrategy is now an integral business system that provides management with an effective tool to monitor day-to-day operations and to capitalize on trends that enhance the ongoing growth of The Katz Group’s business.
About The Katz Group
The Katz Group is one of North America’s leading drugstore operators with system sales exceeding $6 billion. The company operates over 1,800 drug stores in Canada and the United States. In addition to its retail operations, the Katz Group owns and operates Meditrust Healthcare Inc., Canada’s only national mail order pharmacy business. The Katz Group is proud to maintain close industry relationships with both McKesson Corporation and Cardinal Health Inc., the two largest suppliers to North America’s retail pharmacy industry.
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.
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Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com
Source: MicroStrategy