MCLEAN, Va., June 10 /PRNewswire-FirstCall/ -- MicroStrategy(R)Incorporated (Nasdaq: MSTR), a leading worldwide provider of businessintelligence (BI) software, today announced that it will celebrate its 10-yearanniversary as a public company on June 11, 2008. MicroStrategy Chairman andCEO, Michael Saylor, will ring the Opening Bell at NASDAQ to commemorate theoccasion.
MicroStrategy first entered the business intelligence industry in 1989,and has since competed with more than 50 other business intelligence vendors.Over the years, many of those companies have been bought, sold, or shut down,including Information Resources, Applix, STG, Brio, Crystal, ProClarity,Alphablox, Outlooksoft, Informix, and Metaphor. In 2007, more than $15billion in business intelligence mergers and acquisitions were announced, withOracle, SAP, and IBM acquiring Hyperion, Business Objects, and Cognos,respectively. Today, MicroStrategy stands as the leading independent providerof open systems business intelligence software.
Since 1998, MicroStrategy's annual revenues have grown from $96 million to$351 million and the number of employees has increased from 907 to 1,582.Today, the company has direct operations in more than 20 countries.MicroStrategy's technology and leadership have earned many accolades over theyears, including recent recognition in Forbes 200 Best Small Companies inAmerica list and a position in the 'Leaders' Quadrant of Gartner's 2008 MagicQuadrant for Business Intelligence Platforms Report.
MicroStrategy's business intelligence software is used by thousands ofcompanies, including industry leaders such as Lowe's Companies, Yahoo!, H&RBlock, Ryder, Hard Rock International, Corporate Express, Starwood Hotels &Resorts Worldwide, and Starbucks. Companies with vast amounts of data andlarge user populations rely on MicroStrategy to report on and analyze theirdata to make analytically-based business decisions.
'We are proud of our company's steady growth over the past decade and ourstrong position in the BI industry today,' remarked Saylor. 'We are excitedabout leveraging our strengths as an independent business intelligencecompany. MicroStrategy remains keenly focused on delivering the best businessintelligence architecture and products, and providing a high level of serviceto our customers.'
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence(BI) technology. MicroStrategy provides integrated reporting, analysis, andmonitoring software that helps leading organizations worldwide make betterbusiness decisions every day. Companies choose MicroStrategy for its advancedtechnical capabilities, sophisticated analytics, and superior data and userscalability. More information about MicroStrategy (Nasdaq: MSTR) is availableat http://www.microstrategy.com.
MicroStrategy and MicroStrategy Business Intelligence Platform aretrademarks or registered trademarks of MicroStrategy Incorporated in theUnited States and certain other countries. Other product and company namesmentioned herein may be the trademarks of their respective owners.
Contact: Wende Cover MicroStrategy Incorporated 703-770-1646 wcover@microstrategy.com
SOURCE MicroStrategy Incorporated
