UK Financial Services Company Kensington Mortgages Selects MicroStrategy

MicroStrategy(R) Incorporated (NASDAQ:MSTR), a leading worldwide provider of business intelligence software, today announced that London-based Kensington Mortgages has chosen the MicroStrategy Business Intelligence Platform(TM) as its business intelligence standard. Kensington Mortgages is a leading UK specialist mortgage lender. It provides mortgages to borrowers who generally do not conform to the underwriting criteria of traditional suppliers of mortgages in the UK, such as the self-employed, contractors, older borrowers, those who require larger loans and those with an adverse credit history. "Throughout the selection process, MicroStrategy demonstrated great professionalism and a real grasp of our business requirements," said Alastair Pate, Director of Marketing & Strategy at Kensington Mortgages. "We undertook a detailed selection process with six major players in the business intelligence arena, and MicroStrategy was best placed to meet our current and likely future demands. Selecting MicroStrategy was a long-term strategic purchase for Kensington." Approximately 150 employees across five UK-based underwriting centers, as well as its sales, finance, IT, marketing, human resources, strategy and customer administration departments, will use the MicroStrategy platform to perform near real-time analyses against a SQL Server(R) data warehouse containing nearly 2,000,000 records, or 100,000 mortgage applications. The MicroStrategy platform will enable Kensington Mortgages to deploy an extranet to potentially 3,000 business partners. "MicroStrategy is the most intuitive business intelligence product we reviewed and will appeal to our business users across the enterprise," added Pate. "It provides the same look, feel and functionality for our employees in the office or on the road. MicroStrategy is the only business intelligence solution that provides end users with the same graphical and output quality as Excel(R)." "MicroStrategy is helping companies provide better customer service and identify revenue-generating opportunities," said MicroStrategy's COO Sanju K. Bansal. "With MicroStrategy's user-friendly Web interface and unparalleled scalability, we are seeing an increasing number of companies build business intelligence extranets that extend the benefits of the data warehouse to customers, suppliers and partners."
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