MicroStrategy® Incorporated (NASDAQ: MSTR), a provider of business intelligence software, today announced that The First American Corporation (NYSE: FAF), a data provider, has selected MicroStrategy as a business intelligence solution.
A Fortune® 500 company, First American is expanding its deployment of MicroStrategy across the enterprise to support internal and external business intelligence applications.
First American plans to use MicroStrategy to provide reporting and analytic applications that will help integrate information from its 75 separate business units and subsidiaries. The MicroStrategy platform was selected as an enterprise standard for business intelligence because of its ability to handle large data-sets, large user populations, stringent security requirements and complex analytics.
The First American Corporation has been a MicroStrategy customer since 2002. MicroStrategy was adopted by First American’s Enterprise Technology Group for applications involving real estate and lender products and services, including an extranet for more than 30,000 escrow officers, real estate agents, mortgage brokers and bank managers. The extranet provides reports for customers to assist them in cross-selling products, providing marketplace analysis and providing customer marketing assessments.
First American’s LoanPerformance subsidiary also utilizes the MicroStrategy platform for improved analysis and reporting of mortgage industry data trends. MicroStrategy provides comprehensive historical mortgage data in a secured, Web-enabled user interface, allowing clients to customize reports as well as drill from high-level reporting to an individual loan.
“MicroStrategy has been instrumental in helping us build highly successful business intelligence applications,” said Roger S. Hull, executive vice president and chief information officer for The First American Corporation. “As a result of this unqualified success, MicroStrategy is now our preferred BI vendor, and we are expanding the deployment throughout our organization. MicroStrategy provides a robust architecture with exceptional functionality that can efficiently handle First American’s ever-growing internal and external BI requirements.”
“We are excited to continue building on our excellent relationship with First American,” said MicroStrategy’s COO Sanju K. Bansal. “MicroStrategy’s technology is well suited to help Fortune 500 companies extend the benefits of business intelligence by accessing very large databases and by deploying easy-to-use Web-based applications that can help drive key business operations.”