U.S. Ed Dept. Unit Hikes Use Of MicroStrategy Offerings
08/02/2004
MicroStrategy (NASDAQ: MSTR), the provider of business intelligence software, says the U.S. Department of Education, Office of Federal Student Aid (FSA) has expanded its use of the MicroStrategy Business Intelligence Platform to support existing and new applications to be deployed under the Common Services for Borrowers (CSB) contract. FSA has purchased MicroStrategy software licenses and maintenance services valued at about $885,000.
MicroStrategy offered the following details:
The Office of Federal Student Aid is a Performance Based Organization that administers the Student Financial Assistance Programs at the U.S. Department of Education.
The CSB contract will consolidate the Department's direct loan servicing functions, loan consolidation processes and collection activities for $96 billion in student loan obligations. Currently, five separate systems perform the functions that one system will perform under the new contract.
"Federal and state government agencies are choosing MicroStrategy's industrial-strength platform to gain better visibility into their operations and to help make important strategic decisions," said MicroStrategy's COO Sanju Bansal. "We're particularly proud of our expanding relationship with the FSA, which provides such vital services to citizens nationwide."
MicroStrategy's other Federal customers include the U.S. Postal Service, the Centers for Medicare and Medicaid Services, National Institutes of Health, U.S. Census Bureau, Department of Housing & Urban Development, Department of Homeland Security, U.S. Air Force and U.S. Army.
MicroStrategy and the State of Tennessee's Department of Finance and Administration were honored last year with a DM Review World Class Solution Award for a MicroStrategy application that processes and analyzes millions of Tennessee financial records in an efficient manner. This MicroStrategy application has reduced costs and significantly improved the quality of financial information for decision-making by state officials.