MicroStrategy Celebrates 10-Year Anniversary as Public Company
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it will celebrate its 10-year anniversary as a public company on June 11, 2008. MicroStrategy Chairman and CEO, Michael Saylor, will ring the Opening Bell at NASDAQ
McLean, Va., (June 10, 2008) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it will celebrate its 10-year anniversary as a public company on June 11, 2008. MicroStrategy Chairman and CEO, Michael Saylor, will ring the Opening Bell at NASDAQ to commemorate the occasion.
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 $15 billion in business intelligence mergers and acquisitions were announced, with Oracle, SAP, and IBM acquiring Hyperion, Business Objects, and Cognos, respectively. Today, MicroStrategy stands as the leading independent provider of 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 the years, including recent recognition in Forbes 200 Best Small Companies in America list and a position in the ‘Leaders’ Quadrant of Gartner’s 2008 Magic Quadrant for Business Intelligence Platforms Report.
MicroStrategy’s business intelligence software is used by thousands of companies, including industry leaders such as Lowe’s Companies, Yahoo!, H&R Block, Ryder, Hard Rock International, Corporate Express, Starwood Hotels & Resorts Worldwide, and Starbucks. Companies with vast amounts of data and large user populations rely on MicroStrategy to report on and analyze their data to make analytically-based business decisions.
“We are proud of our company’s steady growth over the past decade and our strong position in the BI industry today,” remarked Saylor. “We are excited about leveraging our strengths as an independent business intelligence company. MicroStrategy remains keenly focused on delivering the best business intelligence architecture and products, and providing a high level of service to our customers.”
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform 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.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy