FleetBoston Financial Executive Wins MicroStrategy's Individual Excellence Award
11 Februar 2004 - 3:15PM
PR Newswire (US)
FleetBoston Financial Executive Wins MicroStrategy's Individual
Excellence Award MCLEAN, Va., Feb. 11 /PRNewswire-FirstCall/ --
MicroStrategy(R) Incorporated , a leading worldwide provider of
business intelligence software, today announced that it has
selected Michael Caron, a Director in Business Development and
Strategy at FleetBoston Financial , as winner of MicroStrategy's
Individual Excellence in Business Intelligence award. Michael Caron
was recognized today at MicroStrategy World 2004 in Miami, Florida.
FleetBoston Financial, a diversified financial services company
with assets of $197 billion, offers a comprehensive array of
financial solutions to over 18 million individual, corporate, and
institutional customers. A MicroStrategy customer since 1998,
FleetBoston Financial has deployed MicroStrategy enterprise-wide to
anchor multiple, high-value business intelligence applications.
With Mr. Caron's guidance and leadership, these applications have
had significant bottom-line benefits for Fleet. One of these
applications, BI 2.0, provides a comprehensive view of Fleet's
commercial customers and represents the backbone of the bank's
analytical CRM strategy. Deployed through a portal environment,
MicroStrategy provides Fleet's 2,000 relationship managers,
portfolio managers and business analysts with detailed revenue,
expense, and profitability information. This business intelligence
portal is integrated into the workflow of Fleet's Seibel sales
force automation solution. This consolidated customer view has
helped drive a 21 percent increase in sales productivity. Further,
Fleet's use of business intelligence to improve campaign design and
direct marketing has increased cross-sell revenues and products
used per customer 14 and 16 percent, respectively. The benefits of
using MicroStrategy to access, analyze, and share information in
Fleet's enterprise data warehouse are recognized throughout the
company. Fleet has seen positive change and product gains in its
sales management process, as well as improvements in product
cross-sell, especially across different lines of business as the
velocity of referrals increases. Mr. Caron has also worked across
divisions at Fleet to improve the use of business intelligence in
the transaction approval and pricing processes, making available
customer information in a way that reduces handling time and makes
managers more efficient. "I'm very honored to receive
MicroStrategy's Best Practices In Business Intelligence Individual
Excellence award," said Michael Caron. "MicroStrategy's
capabilities have enabled us to achieve real cost-savings and
revenue growth. This award is a reflection of the hard-working and
talented group of professionals that work with me everyday to
maximize the benefits of the MicroStrategy platform. I accept this
individual excellence award on behalf of my great team, and thank
MicroStrategy for this honor." "Our customers can achieve
significant improvement in their businesses with MicroStrategy's
technology; however, Michael Caron has exhibited exceptional
distinction, defined leadership and innovation in business
intelligence software deployment," said MicroStrategy's COO Sanju
K. Bansal. "With over 20 years of experience in information
technology, Michael Caron has played a critical role in deploying
MicroStrategy's business intelligence platform at Fleet and is
helping make it a smarter, more proactive company." About
FleetBoston Financial FleetBoston Financial (NYSE:FBF)(BSE:FBF), a
diversified financial services company with assets of $197 billion,
offers a comprehensive array of financial solutions to over 18
million individual, corporate, and institutional customers.
Products and services are available through a variety of channels
including 1,460 stores and more than 3,400 ATMs from Maine to
Pennsylvania, HomeLink(SM) online banking, and telephone banking.
Fleet is the leading small business and commercial banking provider
in the Northeast and a premier provider of financial services to
selected industries nationwide. 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
andrevenue-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 http://www.microstrategy.com/.
MicroStrategy, MicroStrategy 7, MicroStrategy Business Intelligence
Platform, MicroStrategy Report Services, and 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. 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. CONTACT: Marc Brailov of MicroStrategy Incorporated,
+1-703-770-1670, or DATASOURCE: MicroStrategy Incorporated CONTACT:
Marc Brailov of MicroStrategy Incorporated, +1-703-770-1670, or Web
site: http://www.microstrategy.com/
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