MicroStrategy Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Quadrant Risk Management (International) Ltd (Quadrant) has signed a Global Reseller Agreement with MicroStrategy.
Quadrant is a leading supplier of financial business intelligence, enterprise risk, and compliance solutions.
Under the agreement, Quadrant will resell MicroStrategy's technology to its banking and insurance industry customers. Quadrant offers a Financial Services Enterprise Data Model with pre-packaged modules for a broad range of financial sectors, including retail banking, credit cards, mortgages, lending, mutual funds, investment banking, and insurance. By incorporating MicroStrategy's BI software, Quadrant will be able to offer enhanced analytical capabilities such as detailed and ad hoc reporting, advanced and predictive analytics, and exception-based alert and notification capabilities.
Quadrant has developed a range of business intelligence solutions that provide a platform and tools to measure, manage, and understand business performance and risk. Built using MicroStrategy's Dynamic Enterprise DashboardsTM and Quadrant's Financial Information Model, this offering can provide financial institutions with deeper insights into factors that can impact their risk profile, financial performance, and profitability.
Paul Lockyear, CEO of Quadrant stated, "MicroStrategy will enhance our business intelligence capabilities and enable us to offer our customers robust reporting and analytical functionality for data-driven decision making. MicroStrategy's data and user scalability is well-suited for our financial services customers who typically have terabytes of data and very large user populations."
"We are pleased to forge this new relationship with Quadrant," said MicroStrategy's COO, Sanju Bansal. "In today's volatile economic environment, effective risk management is imperative. Quadrant's specialization in enterprise risk and data management solutions for the financial industry will extend MicroStrategy's reach into this important vertical market."