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Western Reserve Systems Inc. Forms Alliance with MicrostrategyInsurance and Health Care Industries to Benefit From Customized Business Intelligence SolutionsCLEVELAND, Sept. 28 -- Western Reserve Systems, Inc. (WRS) today announced an alliance with MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of Intelligent E-Business(TM) software, to offer companies more efficient means to use data in support of their business objectives.Western Reserve Systems will utilize the powerful MicroStrategy 7(TM) platform to provide a robust business intelligence solution to help companies in the insurance and health care industries better manage their corporate data and knowledge. ``With the narrowcasting abilities available through MicroStrategy 7(TM), our customers will be able to use their data in ways they have never imagined. Companies will be able to reach employees, customers and partners with relevant, personalized information based upon the individual's preferences or business needs,'' said Jim Smith, president of Western Reserve Systems. ``MicroStrategy's software can offer value to a company's entire supply chain by finding relevant information and distributing it to the right person at the time when it's either needed or wanted.'' Combining Western Reserve System's expertise in the insurance and health care fields with MicroStrategy's robust business intelligence platform provides clients the cost-effective and efficient claims tracking, pre- certification, eligibility and eCRM (electronic customer relationship management) solutions, as well as enhancing customer service functions. ``MicroStrategy has been targeting the insurance and health care industries because of the data intensive nature of these businesses. By working with Western Reserve Systems and tapping their expertise, we hope to extend our reach within this sphere,'' said Sanju K. Bansal, chief operating officer of MicroStrategy Incorporated. ``This alliance represents great opportunities for both companies as we work to serve an industry desperately in need of an effective, scalable business intelligence platform.'' MicroStrategy's business intelligence platform analyzes terabytes of information to find the answers to critical business and marketing questions. This information holds keys to one-to-one marketing, customer relationship management, web analysis, supply-chain efficiency, sales and marketing analysis, and many other business needs. Western Reserve Systems will integrate MicroStrategy 7 into the overall IT infrastructure of companies, providing a foundation on which companies can build powerful applications. MicroStrategy 7 meets key e-business needs, providing an easy to use analysis workflow, leveraging an open XML based web-centric architecture and scaling to millions of users. ``Health care and insurance are two industries that are ever-changing in today's business environment,'' added Smith. ``This alliance with MicroStrategy will provide our customers the opportunity to utilize the latest business solutions in order to move ahead of their competition.'' About Western Reserve Systems Western Reserve Systems, Inc., is a consulting firm specializing in information systems technology and project management. With commercial experience in the insurance, health care, banking and manufacturing areas, the company uses the latest technology to provide the most efficient, cost- effective business solutions. Western Reserve Systems currently serves clients in the Great Lakes region. More information can be found on the Internet at www.wrsys.com. Intelligent E-Business, MicroStrategy and MicroStrategy 7 are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Any product and company names mentioned herein may be the trademarks of their respective owners. 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 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 Strategy.com network on a timely basis; adverse reaction by the Company's employees, investors, customers, vendors and lenders to the restatement of the Company's 1999 results or its future prospects; 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. Editorial Contact: Michael Quint MicroStrategy 703-848-8600 PR_info@microstrategy.com top of page |
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