Wells Fargo Home Mortgage Selects MicroStrategy and Cytek to Implement Integrated Banking Intelligence Solution

MCLEAN, Va. and CHARLOTTE, N.C., June 18, 2001 – MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Wells Fargo Home Mortgage, the nation’s leading provider of home loans, selected MicroStrategy and Cytek Incorporated, to implement an integrated banking intelligence solution. The solution, based on Cytek’s Bankers Edge information management application, helps Wells Fargo Home Mortgage improve customer retention and product performance by providing detailed customer and product information to its banking analysts.

Wells Fargo Home Mortgage will apply the Cytek and MicroStrategy solution to enhance its strategic and operational decision processes while improving information delivery to its user base. The joint banking intelligence solution delivers insight on customers, products, channels and operations to the company’s business analysts and management team via Web, wireless and voice. It will be used to improve servicing and origination effectiveness as well as to enhance the company’s customer retention, acquisition and cross-selling strategies.

“We selected Cytek’s Bankers Edge solution as the foundation for our banking intelligence strategy due to its content, ease of use and incredible response time. Information gathering, which could take weeks to complete, is now completed within seconds,” said Ed Miranda, a senior vice president with Wells Fargo Home Mortgage. “MicroStrategy 7™’s unique capability of rapidly navigating through multi-terabyte databases made its technology a key element in our selection process. I have been a proponent of MicroStrategy’s business intelligence technology for the past seven years and continue to regard their products and innovations as top of the line in this space.”

“We are excited to have another top-5 U.S. banking institution choose our solution and expertise to implement their integrated banking intelligence strategy,” said Henri Tello, chief executive officer of Cytek Incorporated. “The importance of such solutions in the banking industry will continue to increase as the markets become more competitive. MicroStrategy’s platform is ideal for developing analytical solutions like Bankers Edge. Our partnership with MicroStrategy will continue to provide superior solutions in the banking intelligence space.”

“MicroStrategy is pleased to provide the platform for Cytek and Wells Fargo Home Mortgage’s banking intelligence solution,” said Sanju K. Bansal, chief operating officer of MicroStrategy Incorporated. “Cytek’s innovative application demonstrates the ease with which MicroStrategy business intelligence can be embedded into existing systems. With the combined solution from Cytek and MicroStrategy, Wells Fargo Home Mortgage will maintain its leadership in the home loan and banking industry.”

Cytek’s Bankers Edge is a MicroStrategy-based business intelligence solution designed to satisfy most banking analytical needs. Bankers Edge captures and stores all relevant customer, product and channels transactional data in a single data repository that feeds pre-defined or ad-hoc reports. Banking executives and analysts run these reports and graphs to make strategic business decisions to improve revenue streams and reduce costs.

About Wells Fargo Home Mortgage

Based in Des Moines, Iowa, Wells Fargo Home Mortgage, Inc., is a subsidiary of Wells Fargo & Company (NYSE: WFC). It is the leading originator and servicer of residential mortgages. With a presence in more than 1,500 mortgage and Wells Fargo bank stores serving all 50 states, Wells Fargo Home Mortgage operates the leading mortgage lending network in the country. Combined, its retail and wholesale lending operations provide funding for approximately one of every 15 homes financed annually in the United States.

About Cytek, Incorporated

Cytek is a boutique banking intelligence provider founded in 1997 by top banking IT professionals to handle complex banking intelligence needs. It partners with the top banking institutions to implement their banking intelligence strategies based on the Bankers Edge solution which consists of:

A business intelligence solution designed to satisfy most banking analytical needs
Which captures all relevant historical transactional, sales/ services and external data as it relates to customers, products, channels and transactions to create a state of the art data repository.
Which is then exploited through series of predefined or ad-hoc analytical reports and graphs by banking executives and analysts
To assist in all strategic business decisions with the goal of improving the bottom-line.

For more information or to purchase Bankers Edge, please visit our web site at http://www.cytekinc.com

About MicroStrategy

For 11 years, MicroStrategy has helped corporations transform their operational data into actionable information. Its main product is MicroStrategy 7™, the scalable business intelligence platform built specifically for the Internet. Its pure-web architecture provides the Web reporting, security, performance, and standards that are critical for deployment over the Internet. With proven data and user scalability, MicroStrategy is the only solution capable of analyzing today’s growing multi-terabyte data warehouses and distributing information to millions of users via Web, wireless and voice. The open and flexible platform provides the business intelligence foundation for all query, reporting and advanced analytical applications across the enterprise and out to partners and customers in extranet deployments.

MicroStrategy has approximately 1,100 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, First Union Corporation and GlaxoSmithKline. MicroStrategy also has relationships with over 200 systems integrators, application development, and platform partners, including IBM, PeopleSoft, Compaq, Informatica and JD Edwards.

MicroStrategy was founded in 1990 and is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.

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