Enterprise Reporting & Analysis of Sales and Loss Ratio Applications
McLEAN, Va. (February 17, 2004) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Grange Insurance has expanded its deployment of MicroStrategy with MicroStrategy Report Services(TM) to provide enterprise reporting and analysis of sales and loss ratios. With over a billion dollars in written premiums, Grange Insurance is a property and casualty insurer that offers home, auto and business insurance and a full line of life insurance and financial products through wholly owned subsidiaries Grange Life and The Grange Bank.
More than 300 Grange Insurance associates including territory managers, portfolio managers, and customer management personnel, already use MicroStrategy to analyze four terabytes of data to identify areas of improvement in product design, customer management, and to recognize cross- and up-sell opportunities. These users are able to use this insight to assist them in seeking to increase the profitability of each product, region or agent.
“Building on our existing platform, we selected MicroStrategy Report Services because we needed an integrated reporting and analysis solution that would provide a single dashboard for each individual agent with advanced reporting capabilities,” said Tony Simpkins, Project Lead at Grange Insurance. “MicroStrategy Report Services creates content-rich, user-friendly reports that empower our associates to make more strategic and proactive decisions allowing us to better assess performance and enhance operational efficiencies.”
“MicroStrategy Report Services combines the best in business analytics and reporting to bring customers an integrated technology that is designed to fulfill their analytical data and reporting requirements enterprise-wide,” said MicroStrategy’s COO Sanju Bansal. “We’re proud to continue our relationship with Grange Insurance. We have found companies are increasingly recognizing that MicroStrategy’s industrial-strength platform provides outstanding enterprise-class reporting and business-intelligence applications.”
About Grange Insurance
Grange Insurance, based in Columbus, Ohio, has been “your partner in protection” since 1935. Grange offers auto, home, life, business and farm insurance protection, plus financial services through The Grange Bank, in Ohio, Georgia, Illinois, Indiana, Kentucky, Michigan and Tennessee. Grange Insurance is also affiliated with Integrity Mutual Insurance Company of Appleton, WI, which offers its own insurance products and access to The Grange Bank through independent agents in Wisconsin, Minnesota and Iowa.
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.
MicroStrategy has over 2,500 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun, HP, and Teradata, a division of NCR. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at 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 implement and achieve widespread customer acceptance of its MicroStrategy 7i and MicroStrategy Report Services software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; 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 Report Services, 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