For Central Bank Operations & Financial System
McLean, VA (June 28, 2004) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the Banco de España has successfully deployed the MicroStrategy Business Intelligence Platform(TM) as the reporting and analysis standard for its Risk Information Group. The Banco de España is Spain’s central bank with full responsibility for regulation and supervision of the country’s financial system, and is a member of the European System of Central Banks along with the central banks of the other nations participating in the European Monetary Union and the European Central Bank.
“After evaluating other business intelligence solutions, the Banco de España selected MicroStrategy to meet our complex business requirements,” said Carlos Sainz, Head of the New Technologies Division at the Banco de España. “The MicroStrategy platform’s ease-of-use, unparalleled scalability, robust analytics and superior flexibility enable our employees to run sophisticated yet intuitive reports against large volumes of data.”
The Banco de España chose to deploy a data warehouse that enables employees to analyze credit risk data and run statistical reports with ease. In production since June 2002, the MicroStrategy-based system has successfully reached its first-phase objectives. The second phase ended in September 2003 and the application will continue to expand its reach across the organization in subsequent phases.
“The outstanding reporting features and excellent scalability inherent in the MicroStrategy platform provide the Banco de España with the ease-of-use for rapid deployment to a diverse user-base,” said MicroStrategy’s COO Sanju K. Bansal. “A number of the world’s leading financial services companies and organizations have choosen MicroStrategy for such critical applications as regulatory management, business performance management, credit risk management, and financial reporting and analysis. The top five global commercial and savings banks are now MicroStrategy customers.”
About the Banco de España
The Banco de España is Spain’s central bank with full responsibility for regulation and supervision of the country’s financial system, and is a member of the European System of Central Banks along with the central banks of the other nations participating in the European Monetary Union and the European Central Bank. For more information, visit http://www.bde.es/homee.htm.
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 2,600 enterprise-class customers, including General Motors, 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 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 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, MicroStrategy Office 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