MicroStrategy Signs Software License Pact With FleetBoston

Author:: Yi Ping Ho
Publish date:: Feb 5, 2001 1:40 PM EST

MicroStrategy

, a business intelligence software provider, said it signed a "multimillion dollar" software license agreement with

FleetBoston

( FBF).

The companies didn't disclose specific financial terms of the deal, which allows FleetBoston to use MicroStrategy's technology for customer relationship management. FleetBoston will also be able to view a customer's history of transactions and will use the software to enhance its corporate client relationships.

Shares of MicroStrategy gained 38 cents, or 2.4%, to $16.25 in recent

Nasdaq

trading. FleetBoston rose 9 cents, or 0.2%, to $42.08 in afternoon trading on the Big Board.