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Chela Financial Uses MicroStrategy Technology to Help Students Pay for Higher EducationLeading Source of Post-Secondary Education Financing Builds E-Business System with MicroStrategy's Business Intelligence PlatformVIENNA, Va., Dec. 19 -- MicroStrategy® Incorporated (Nasdaq: MSTR - news), a leading worldwide provider of business intelligence software, today announced that Chela Financial, a nonprofit corporation that provides financial access and assistance to students pursuing a higher education, is building its sales, profitability and portfolio analysis applications on MicroStrategy's platform. MicroStrategy business intelligence software allows reporting against a consolidated data source and enables Chela users to analyze accurate student loans data on its more than 800,000 parent and student borrowers.Chela needed a scalable and flexible analysis solution for detailed financial reporting on student loans, portfolio and sales data. Previously, Chela custom-built each of these reports by merging data from various sources through a labor-intensive, costly and unreliable process. Today, fundamental business analysis reports can be accessed easily via MicroStrategy Web(TM), MicroStrategy's Web-based business intelligence interface. Through MicroStrategy Web, Chela users can easily track new loans generated, conduct portfolio analysis and run reconciliation reports. ``MicroStrategy provides our users with one source of accurate information and a sophisticated platform for applications that enable us to make more informed business decisions,'' said Carol Coffman, president and chief operating officer of Chela Financial. ``With MicroStrategy Web, our users are able to develop strategies to increase sales to existing customers and increase our customer base.'' Chela uses MicroStrategy software to identify specific opportunities to expand relationships with customers and increase loan portfolio acquisition. Eventually, Chela will have the ability to extend its business by using the software to assist it in growing its secondary market (acquiring loan portfolios), increasing its number of acquisitions through alliance partnerships and growing its loan origins through lender and non-lender alliances. ``We are pleased to provide the business intelligence foundation for applications that will help Chela provide better, more personalized loan services to students across the nation,'' said Michael J. Saylor, CEO of MicroStrategy Incorporated. ``The applications Chela is building on the MicroStrategy platform are only the first step in Chela's e- business strategy that will address its enterprise analysis needs and improve the effectiveness of its marketing campaigns.'' In the future, Chela also plans to use MicroStrategy's technology to improve marketing initiatives, develop new loan services and bundle value- added internal financial products and services with government offerings to assist its borrowers. Experience the Power of MicroStrategy's Software MicroStrategy 7(TM), the company's business intelligence platform, is an easy to use, easy to deploy departmental and enterprise reporting product that will answer a vast array of business questions. Anyone interested in MicroStrategy's software can go to MicroStrategy's online store, located at http://www.microstrategy.com, to demo, configure, upgrade and order software directly. Store visitors can purchase MicroStrategy software, technical support, education, consulting, and documentation online or over the phone in an easy-to-try, easy-to-buy format. About Chela Financial Chela Financial is a nonprofit corporation that provides financial access and assistance to students pursuing a higher education. Since the first bond financing in 1984, Chela Financial has made more than $3 billion available to over 800,000 parent and student borrowers. Chela Financial is one of the nation's leading independent sources of postsecondary education financing, with a student loan of more than $2 billion and a total asset base exceeding $2.1 billion. About MicroStrategy MicroStrategy is a leading worldwide provider of business intelligence software and related services. MicroStrategy's technology platform enables departments and enterprises to easily deploy web-based reporting and analysis solutions that can answer a vast array of business questions and grow with your business. These solutions provide powerful insight into business operations and help create lasting, profitable relationships with customers, partners, and suppliers. MicroStrategy also offers a comprehensive set of consulting, training and support services for its customers and partners. MicroStrategy has relationships with approximately 300 systems integrators, application development and platform partners. MicroStrategy solutions are deployed across various industries including retail, finance, telecommunications, dot-com, insurance, healthcare, pharmaceuticals and consumer packaged goods. For more information, or to purchase or demo MicroStrategy's software, please visit MicroStrategy's Web site at http://www.microstrategy.com MicroStrategy and MicroStrategy Web 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. 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 possibility that the securities class action and shareholder derivative settlement agreements will not obtain court approval or that the other conditions to the settlements will not be satisfied; 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 7 software and 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 financial 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: Gabrielle Stone Collaborative Communications Inc. 617-520-9164 gstone@collaborative.com top of page |
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