MicroStrategy and SYSTIME Form Strategic Alliance
MicroStrategyâ??s Business Intelligence Platformâ?¢ Integrated with SYSTIMEâ??s Data Warehouse Solution
McLean, Va., (June 10, 2003) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced a strategic alliance with SYSTIME Computer Corporation. SYSTIME is the leading global provider of IT services for collaborative commerce solutions including ERP, SCM, CRM, BI, Integration, supply-side B-2-B solutions, HR, and Outsourcing services.
The alliance combines SYSTIME’s technology expertise and business knowledge with MicroStrategy’s leading Business Intelligence Platform. Under the terms of the agreement, SYSTIME will integrate MicroStrategy’s Business Intelligence offerings with its data warehouse solution, while continuing to provide strategic consulting to its growing client base. SYSTIME delivers a complete range of services from consulting to platform implementation.
“SYSTIME is pleased to enter into a global alliance with MicroStrategy. As J.D. Edwards’ preferred business intelligence solution, MicroStrategy will be a key partner in our growing business intelligence practice. As the demand for business intelligence solutions grows, SYSTIME and MicroStrategy are poised to build referencable clients across key industries and geographies,” said Vishal Grover, executive vice president, SYSTIME.
“By partnering with SYSTIME, we are able to leverage their global presence and over 26 years of experience in IT, to help MicroStrategy increase its customer reach, both domestically and internationally, while building our Alliance Program with world-class integrators,” said MicroStrategy’s vice president of Global Alliances & Business Development, Tom Villani. “This alliance provides global clients that operate in a myriad of industries with data analysis capabilities that enhance SYSTIME’s data warehouse solutions. These customers will benefit from optimized business operations, enhanced efficiency and improved customer relations.”
About SYSTIME
SYSTIME is the leading global provider of IT services for collaborative commerce solutions ranging from ERP, CRM, SCM, BI, Supply-side B-2-B solutions, HR and outsourcing services. Our alliances with numerous e-collaboration partners (JD Edwards, Ariba, BEA, webMethods, etc.) enable us to deliver solutions that span technologies, platforms and business processes. Our global presence, with offices in all major continents, and over 26 years’ proven track record in IT, enable us to leverage our technology skills worldwide to help our clients that operate in a myriad of industries. A unique offering is our Global Delivery model where we are able to reduce project costs and expedite delivery times. At SYSTIME, we believe our value is in our people who consistently bring bold strategies, innovative thinking, pioneering leadership and best of all cutting-edge solutions that will catapult your company into the new economy. Through our innovative project delivery vehicles, SYSTIME leads the way in “Redefining the Business Paradigm…”
SYSTIME employs over 4000 employees in 30 offices worldwide. For more information on SYSTIME, visit us at www.systime.net
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 2,000 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 JD Edwards. 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 Click Here.
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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; 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 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.
Liz Kelley Smeds
MicroStrategy
703-714-1066
lsmeds@microstrategy.com
Source: MicroStrategy