Major Banking and Financial Services Firms Praising MicroStrategy’s New 7i Business Intelligence Platform

Published on May 29, 2002 in Computer & Electronics, Computer Software, Internet, Technology


MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the banking and financial services industries can realize significant benefits from the new version of its business intelligence platform, MicroStrategy 7i™. Major banking a

McLEAN, Va., (May 29, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the banking and financial services industries can realize significant benefits from the new version of its business intelligence platform, MicroStrategy 7i(TM). Major banking and financial firms are already praising the platform.

“MicroStrategy 7i’s new Web interface is slick, user-friendly and intuitive, resulting in higher utilization of our business intelligence solutions and increased user adoption rates,” said Vanitha Devarajan, manager of business intelligence solutions at the Bank of Montreal. “MicroStrategy 7i offers our executives, managers and information analysts the capability to make full use of the data in order to gain vital intelligence, and to make proactive decisions that can drive efficiency and productivity.”

“We selected MicroStrategy for its superior analytical capabilities and for its ability to integrate with Fineco’s existing systems,” said Edoardo Giorgetti, director of marketing at Fineco. “Fineco derives its success from the capacity to establish a relationship with customers based on a true multi-channel dialogue. MicroStrategy not only allows us to deliver Web-based reporting capabilities internally to our managers, but also helps us create a better customer experience by enabling us to deliver personalized services to our clients via the device of their choice.”

“The ability to anticipate customer requirements through a better understanding of customer behavior and investment preferences will solidify Fineco’s leadership as an online bank and brokerage in Europe,” added Giorgetti.

“We chose MicroStrategy as our enterprise-wide standard because it offered the superior analytics and completely Web-based reporting environment that we required,” said Fernando Pantaleão, vice president of marketing at Redecard S/A.

MicroStrategy’s current banking and financial services customers include: American Express, Bank of Montreal, Capital One, Equifax, Fannie Mae, Fineco, J. P. Morgan Chase, KeyCorp, RBC Financial Group, Redecard S/A, Sallie Mae, Visa International, Wachovia and WFS Financial.

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
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

Source: MicroStrategy

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