Crystal Reports Environment Phased Out
MCLEAN, Va., (January 19, 2005) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Oakwood Homes, LLC, Colorado’s largest privately held homebuilder, has phased out its Crystal Reports environment and recently expanded its MicroStrategy deployment.
Several hundred Oakwood Homes’ employees across finance, HR, sales and building operations groups receive MicroStrategy-based operational reports daily. A MicroStrategy-powered extranet environment lets trade partners, lenders and realtors prepare home buyers for the purchasing and closing of their new home. These reports enable the lender to gather proper documentation to ensure a more efficient home closing process. Additionally, customer care representatives use MicroStrategy to manage homeowners’ service requests. Oakwood expects the recently introduced reports to reduce the average number of days a service request is open by 20%.
“We’re excited about the efficiencies we’re realizing by standardizing on MicroStrategy for enterprise monitoring, reporting and analysis,” said Raymond Appel, Information Technology Manager at Oakwood Homes. “In particular, MicroStrategy Report Services is easy to use, feature-complete and very stable, allowing us to phase out other incumbent reporting products. The professional-looking report presentation results in a standardized and user- friendly reporting environment that we are very happy with.”
“MicroStrategy Report Services is becoming a central operational technology for successful companies like Oakwood Homes,” said MicroStrategy’s COO Sanju Bansal. “Customers are increasingly running their operations using MicroStrategy because it is designed to fulfill both their reporting and analytical requirements.”
Oakwood Homes
Oakwood Homes is Colorado’s largest privately held homebuilder, and is dedicated to providing home buyers with the best new home value in the marketplace. Oakwood Homes boasts a 97 percent customer satisfaction rating, and is the #1 selling homebuilder in Denver with more than 6,000 satisfied homeowners. For more information, please visit http://www.morehouselessmoney.com/index.asp.
About MicroStrategy
Founded in 1989, MicroStrategy is a worldwide leader in the business intelligence software market. Leading Fortune 2000 companies are increasingly integrating MicroStrategy’s business monitoring, reporting, and analysis software into their operations. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital insight to help drive cost-efficiency, revenue-generation, and productivity. Top companies are using MicroStrategy to cost-effectively empower thousands of employees, partners, and suppliers with the business insight they need to make better business decisions everyday.
MicroStrategy has over 2,800 enterprise-class customers, including Aventis, eBay, General Motors, Lowe’s Companies, Pfizer, Sprint, Telecom Italia, U.S. Postal Service, Visa International, Wells Fargo, and Yahoo!. MicroStrategy also has relationships with over 300 systems integrators and application development and platform partners, including HP, IBM, PeopleSoft, Sun, 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 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 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.
Bill Chatterton
MicroStrategy, Incorporated
703-744-3281
bchatterton@microstrategy.com
Source: MicroStrategy