Cap Gemini Ernst & Young U.S. LLC& MicroStrategy Forge Strategic Alliance
Cap Gemini Technologies LLC to Resell MicroStrategy Software
McLean, Va., (December 15, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the formation of a strategic alliance with Cap Gemini Ernst & Young U.S. LLC (CGE&Y), a leading provider of consulting, technology and outsourcing services. As a result of this agreement, CGE&Y will more than double the number of consultants trained on the MicroStrategy Business Intelligence Platform(TM) by mid-2004. Cap Gemini Technologies LLC will also resell MicroStrategy software, allowing CGE&Y to provide a true end-to-end technology solution to clients around the MicroStrategy platform.
Through the alliance, CGE&Y will deliver MicroStrategy’s enhanced scalability to companies that seek to extend their business intelligence enterprise-wide. According to the two organizations, the experience of CGE&Y combined with the MicroStrategy platform can help organizations reduce operating costs, increase profits, and allow better managerial controls across organizations. Initially, CGE&Y and MicroStrategy will target the pharmaceutical, financial and retail sectors.
“For companies that seek to extend business intelligence enterprise-wide, MicroStrategy offers exceptional scalability for building numerous applications and accommodating very large databases and user populations. Their customers have experienced significant satisfaction with enterprise implementations in the industry,” said Brian Queenin, Vice President, Global Leader for Business Intelligence at CGE&Y. “We’re excited to introduce the benefits of MicroStrategy’s technology to our client base so that they can see the benefits that other MicroStrategy clients already realize.”
“CGE&Y works with companies interested in deploying business intelligence throughout their businesses. These companies have pockets of business intelligence success and now want to expand the scope of their business intelligence applications to enhance critical aspects of their operations,” said MicroStrategy’s COO Sanju K. Bansal. “Working with CGE&Y, we will provide the products and services to allow these companies to reap the bottom-line benefits of enterprise-wide information sharing.”
About Cap Gemini Ernst & Young
The Cap Gemini Ernst & Young Group is one of the world’s largest providers of Consulting, Technology and Outsourcing services. The company helps businesses implement growth strategies and leverage technology. The organization employs approximately 52,700 people worldwide and reported 2002 global revenues of more than 7,04 billion euros. More information about individual service lines, offices and research is available at http://www.cgey.com.
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.
MicroStrategy has over 2,300 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun and Hewlett-Packard. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at www.microstrategy.com.
This press release may include statements that may constitute “forward-looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy Report Services, MicroStrategy 7, MicroStrategy 7i are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Liz Kelley Smeds
MicroStrategy
703-714-1066
lsmeds@microstrategy.com
Source: MicroStrategy