Category: Computer & Electronics

MicroStrategy Announces Fourth Quarter 2008 Financial Results

Feb 02, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategy Announces Fourth Quarter 2008 Financial Results

McLean, Va., (February 02, 2009) –

Revenues of $95 Million and Diluted EPS of $1.17 Per Share

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced financial results for the three-month period ended December 31, 2008 (the fourth quarter of its 2008 fiscal year).

Fourth quarter 2008 revenues were $95.0 million versus $95.2 million for the fourth quarter of 2007. Product licenses revenues for the fourth quarter of 2008 were $28.0 million versus $31.7 million for the fourth quarter of 2007, a 12% decrease. Product support and other services revenues for MicroStrategy’s core business intelligence (BI) business in the fourth quarter of 2008 were $64.0 million versus $61.3 million for the fourth quarter of 2007, a 4% increase.

Operating expenses for the fourth quarter of 2008 were $57.6 million versus $53.6 million for the fourth quarter of 2007, an 8% increase. The increase in fourth quarter operating expenses was primarily due to an increase in the worldwide employee headcount and related expenses of the Company’s core BI business. During the fourth quarter of 2008, MicroStrategy capitalized $5.5 million in software development costs associated with the anticipated release of its MicroStrategy 9(TM) software, which is expected to be generally available in the first quarter of 2009. MicroStrategy did not capitalize any software development costs during the fourth quarter of 2007.

Income from continuing operations before financing and other income and income taxes for the fourth quarter of 2008 was $21.3 million, or 22% of revenue, versus $28.2 million, or 30% of revenue, for the fourth quarter of 2007. Income from continuing operations for the fourth quarter of 2008 was $13.8 million, or $1.13 per share on a diluted basis, compared to $18.5 million, or $1.47 on a diluted basis, for the fourth quarter of 2007. Net income for the fourth quarter of 2008 was $14.3 million, or $1.17 per share on a diluted basis, compared to $17.7 million, or $1.41 per share on a diluted basis, for the fourth quarter of 2007.

As of December 31, 2008, MicroStrategy had cash and cash equivalents of approximately $122.9 million and 9,119,721 shares of class A common stock and 2,770,244 shares of class B common stock outstanding.

New Customers and New Deals with Existing Customers in Q4 2008 Included:

24 Hour Fitness; Adobe Systems Incorporated; Alliance Data Systems Corporation; Ahold USA Holdings Inc.; Allstate Insurance Company; Amica Mutual Insurance; AutoTrader.com, LLC; BJ’s Wholesale Club; Branch Banking & Trust Company; Burlington Coat Factory; Canadian Institute for Health Information; The Container Store, Inc.; Depository Trust & Clearing Corp.; DineEquity; The First American Corporation; GlaxoSmithKline; Idearc Media Corp.; KeySpan Corporate Services LLC; Lowe’s Companies Inc.; McGraw-Hill Companies; Nationwide Mutual Insurance Company; Netflix; Novartis Pharmaceuticals Corporation; Nu Skin Enterprises, Inc.; O’Reilly Automotive; Pacific Sunwear; Payless ShoeSource Worldwide, Inc.; Real Networks; Republic Bank Limited; Silverton Casino, LLC; Spansion; State of Tennessee; Swagelok; VHA Inc.; Wells Fargo Bank, N.A.; Wilton Industries, Inc.

Examples of Customer Deals from Q4 2008:

AutoTrader.com

AutoTrader.com, created in 1997 and headquartered in Atlanta, Georgia, is the Internet’s leading auto classifieds marketplace and consumer information Web site. AutoTrader.com selected MicroStrategy to expand its enterprise-wide reporting and analysis needs due to MicroStrategy’s scalability, end user experience, integrated architecture and rich analytical features. Employees at AutoTrader.com run reports against a 50-terabyte data warehouse, and the company relies on the insight gained from its sales analysis and reporting to improve operational efficiencies and competitive insight.

Canadian Institute for Health Information

Canadian Institute for Health Information (CIHI) selected MicroStrategy software to expand its deployment of its eReporting program, a public and client accessible information service. CIHI is an independent, not-for-profit organization that collects and analyzes health data in Canada. The eReporting program enables the public, government officials and health care providers to run reports and access timely, accurate and comparable information on health and health care in Canada. Users are able to access information in an easy-to-use, Web-based environment to explore and answer health care questions. CIHI chose to standardize on MicroStrategy for its Web-based platform, intuitive interface and user scalability.

Silverton Casino Lodge

Silverton Casino Lodge selected MicroStrategy to expand its visibility across multiple areas of the business, including marketing promotions and casino operations. Silverton plans to provide more users with daily reports and dashboards for greater insight into key performance measures across the company. MicroStrategy’s integrated BI platform, easy-to-use Web interface and Dynamic Enterprise Dashboards will enable Silverton employees to view large volumes of data in a highly interactive way to help them make timely, data-driven decisions.

MicroStrategy Positioned in “Leaders” Quadrant of Gartner 2009 Magic Quadrant for Business Intelligence Platforms Report:

In January 2009, MicroStrategy announced that it was positioned by Gartner, Inc. in the “leaders” quadrant in the 2009 Magic Quadrant for Business Intelligence Platforms report. Gartner’s evaluation was based on completeness of vision and ability to execute. Gartner describes “leaders” as “vendors that are reasonably strong in the breadth and depth of their BI platform capabilities, and can deliver on enterprisewide implementations that support a broad BI strategy. Leaders articulate a business proposition that resonates with buyers, supported by the viability and operational capability to deliver on a global basis.”

MicroStrategy Announces MicroStrategy 9:

MicroStrategy recently announced its upcoming software release, MicroStrategy 9, which is expected to be generally available in the first quarter of 2009. The company’s most significant release in nearly a decade, MicroStrategy 9 will deliver new technology and features designed to:

* Extend enterprise BI with enhancements for greater scalability, performance and efficiency;
* Enable rapid development and deployment of departmental BI applications; and
* Provide a seamless consolidation path from departmental BI to enterprise BI.

Extending Enterprise BI

As BI systems grow to thousands of users and hundreds of terabytes of data, maintaining fast query performance can be a tremendous challenge. MicroStrategy 9 includes new adaptive caching technology called In-memory ROLAP, which takes advantage of the large addressable memory now available on 64-bit Unix, Linux and Windows computer servers, and provides a performance-optimized middle-tier database that can respond directly to data requests from reports, dashboards and OLAP analyses. MicroStrategy 9 also introduces new SQL generation optimizations that can greatly improve performance for sophisticated queries involving complex metrics.

As companies merge and expand, there is an increased urgency for business intelligence to span all operations, across business units, across departments and across the globe. This expansion introduces new requirements on BI systems to support global deployments. MicroStrategy 9 offers the ability to present reports, dashboards or OLAP analyses in the local language of business users viewing the information. In addition, MicroStrategy 9 offers numerous capabilities to streamline coordination between development teams working around the globe on the same BI applications.

Rapid Development and Deployment of Departmental BI

MicroStrategy 9 includes significant new architectural components and features designed to support the needs of smaller-scale BI systems for departments and workgroups. MicroStrategy 9 enables departmental BI applications to be set up quickly, providing end users with the ability to create reports and dashboards and distribute information among themselves with little or no IT support.

MicroStrategy’s new Multi-source ROLAP, In-memory ROLAP and rapid metadata creation enables business departments to quickly set up small BI environments, accessing multiple databases without the time-consuming and technically-intensive work of first creating a data mart or data warehouse.

MicroStrategy 9 has numerous new features that make assembling reports simpler and faster. Business users can quickly create their own dashboards using new features in MicroStrategy 9, including out-of-the-box dashboard templates, support for custom-designed templates and new design assistants that aid novice users in creating their own dashboards.

Because of its ROLAP architecture, one of MicroStrategy’s long-standing strengths is the ability of business users to freely investigate the data or “surf” through the data warehouse without having to design a new report for each new combination of data they want to see. MicroStrategy 9 has extended this ability by allowing users to perform these same OLAP manipulations such as pivoting and drilling directly on graphs.

MicroStrategy 9 gives users greater control of report and dashboard distribution with its Distribution Services product. Users can set up report distributions for themselves or for other users, sending reports via e-mail, networked printers, or directly to recipients’ computers or servers. Business users are empowered to create and manage their own information subscriptions, without the intervention of a centralized IT administrator.

Seamless Consolidation from Departmental BI to Enterprise BI

Organizations have a mix of workgroup, departmental and enterprise BI systems, and face the problem of having multiple ‘versions of the truth’ across these BI islands that can undermine the credibility of its BI systems. The solution is to merge the islands of BI into a more cohesive, enterprise-wide BI system gradually and incrementally.

MicroStrategy 9 was designed to enable the easy merger of independent islands of MicroStrategy BI into a larger, more expansive enterprise BI system. Using the new Multi-source ROLAP capability, metadata and reports from departmental BI islands can be gradually merged into larger enterprise BI metadata, without having to move any of the original data into data warehouses or data marts. As a next step, MicroStrategy 9 also enables companies to gradually move their data from disparate databases into the data warehouse simply by “re-pointing” the metadata to access the same data, but at its new location, with no disruption to reports or redesign required.

MicroStrategy Receives TechWeb’s Intelligent Enterprise 2009 Editors’ Choice Award:

MicroStrategy was awarded the 2009 Editors’ Choice Award by TechWeb’s Intelligent Enterprise. Winners of this award are considered by the publication to be the most influential vendors in Enterprise IT for 2009. MicroStrategy joined technology companies, including Microsoft, Oracle, and SAP in the elite “Dozen” companies that are expected to drive the intelligent enterprise in 2009. In selecting the 2009 Editors’ Choice winners, Intelligent Enterprise cited the companies’ exceptional vision, innovation, and leadership.

According to Intelligent Enterprise, MicroStrategy has “focused on delivering world-class BI with state-of-the-art dynamic dashboards. The MicroStrategy 9 release set for Q1 2009 adds in-memory analysis to speed queries and reduce data-prep dependency on IT. And a new multi-source engine opens up data access while supporting flexible modeling as BI spreads from workgroup to enterprisewide deployments.”

MicroStrategy World 2009:

MicroStrategy hosted its 12th annual user conference, MicroStrategy World 2009, January 13-16, 2009 at the Wynn Las Vegas in Las Vegas, Nevada. The event featured numerous keynote presentations, more than 120 educational sessions and an exhibit hall showcasing MicroStrategy partners.

Executives from more than 35 world-class companies presented their success strategies and experiences using BI to enhance business performance. Some of the companies that presented at MicroStrategy World 2009 included AARP, AEG Worldwide, Belgacom, Bluegreen Corporation, Canadian Institute of Health Information, Cancer Care Ontario, Catalina Marketing, CVS Caremark, David’s Bridal, FAMIQ, GUESS?, Herbalife, KeyBank, Liquor Control Board of Ontario, Lowe’s Companies, Meredith Corporation, Nationwide Insurance, Raley’s, Republic Bank Limited, Saint Elizabeth Health Care, Saint-Gobain Abrasives, Sepracor, Target, Transportation Security Administration, Turkcell and Yahoo!.

At the conference, MicroStrategy honored several companies for achieving outstanding business performance with their MicroStrategy-based business intelligence applications:

Nationwide Mutual Insurance Company: Nationwide Mutual Insurance Company was recognized in the Enterprise Deployment category. Nationwide has deployed MicroStrategy across its enterprise, and has 27 MicroStrategy applications in production, primarily focused on four business areas: personal lines policy analysis, claims management, risk management appraisal and agent productivity. Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $158 billion in assets.

Target Corporation: Target Corporation was the award recipient in the Data Scalability category. The second-largest general-merchandise retailer in America, Target has adopted MicroStrategy as one of its enterprise-wide business intelligence tools. Target uses MicroStrategy’s software to analyze over 100+ terabytes of vendor, sales and product data stored in its data warehouse.

Bank of America: Bank of America was the award recipient in the User Scalability category. Bank of America is one of the world’s largest financial institutions, serving individual consumers, small and middle market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk-management products and services. Global Product Solutions (GPS), a division of Global Corporate & Investment Banking at Bank of America, employs the BI Platform and designs, delivers and services integrated credit and treasury products to more than 140,000 clients around the world, including small businesses, middle-market and large corporations, multi-nationals, financial institutions and governments.

MicroStrategy Recognized as a Top Software Vendor for Retailers:

MicroStrategy was named by Retail Info Systems (RIS) News to its 2008 Software LeaderBoard, which highlights the top software vendors for retailers. The RIS Software LeaderBoard compares software companies serving the retail industry in a head-to-head ranking that is based largely on retailer evaluations. MicroStrategy was also ranked in the top five in the following RIS LeaderBoard categories:

* Top Software Vendors for Tier One Retailers (revenues greater than $1 billion)
* Leaders in Overall Performance
* Leaders in Technology Innovation
* Leaders in Recommendation
* Leaders in Total Cost of Ownership by Tier One & Mid-size Retailers
* Leaders in ROI by Tier One & Mid-size Retailers
* Leaders in Ease of Installation/Integration by Tier One & Mid-size Retailers
* Leaders in Quality of Support by Tier One & Mid-size Retailers
* Leaders in Quality of Service by Tier One & Mid-size Retailers
* Leaders in Product Reliability by Tier One & Mid-size Retailers

About MicroStrategy Incorporated

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 9 and MicroStrategy Dynamic Enterprise Dashboards 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.

This press release may include statements that may constitute “forward-looking statements,” including 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 effect a timely general release of the MicroStrategy 9 software in the first quarter of 2009; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 9 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; the Company’s ability to effect the sale of its Alarm.com business on acceptable terms, or at all; competitive factors; general economic conditions, including significant downturns in industries, including the financial services and retail industries, in which we have a significant number of customers; 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.

Contact:
MicroStrategy Incorporated
Investor Relations
ir@microstrategy.com
(703) 848-8600

MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)

Three Months Ended Twelve Months Ended
December 31, December 31,
——————- ——————-
2008 2007 2008 2007
—- —- —- —-
(unaudited) (unaudited) (unaudited) (audited)
Revenues
Product licenses $27,959 $31,736 $95,924 $100,344
Product support and other
services 67,046 63,491 264,469 235,029
—— —— ——- ——-
Total revenues 95,005 95,227 360,393 335,373
—— —— ——- ——-

Cost of Revenues
Product licenses 434 899 1,877 3,055
Product support and other
services 15,631 12,561 61,529 47,486
—— —— —— ——
Total cost of revenues 16,065 13,460 63,406 50,541
—— —— —— ——

Gross profit 78,940 81,767 296,987 284,832
—— —— ——- ——-

Operating Expenses
Sales and marketing 37,624 31,214 137,683 110,437
Research and development 6,122 10,045 30,571 35,172
General and administrative 13,878 12,337 60,933 49,512
—— —— —— ——
Total operating expenses 57,624 53,596 229,187 195,121
—— —— ——- ——-

Income from continuing
operations before financing
and other income and income
taxes 21,316 28,171 67,800 89,711
—— —— —— ——

Financing and Other Income
Interest income, net 185 892 2,266 3,674
Other income (expense), net 974 (77) 705 (866)
— — — —-
Total financing and other
income 1,159 815 2,971 2,808
—– — —– —–

Income from continuing
operations before income
taxes 22,475 28,986 70,771 92,519
Provision for income
taxes 8,638 10,514 29,003 33,311
—– —— —— ——
Income from continuing
operations 13,837 18,472 41,768 59,208
Income (loss) from
discontinued operations,
net of tax provision
(benefit) ($358 and ($638)
for the three months ended,
respectively, and $534 and
($591) for the twelve months
ended, respectively) 448 (798) 65 (740)
— —- — —-
Net Income $14,285 $17,674 $41,833 $58,468
——- ——- ——- ——-

Basic earnings (loss) per
share (1):
From continuing
operations $1.16 $1.54 $3.51 $4.80
From discontinued
operations $0.04 $(0.07) $0.01 $(0.06)
—– —— —– ——
Basic earnings per
share $1.20 $1.47 $3.52 $4.74
—– —– —– —–
Weighted average shares
outstanding used in computing
basic earnings per share 11,889 12,055 11,886 12,325
—— —— —— ——

Diluted earnings (loss) per
share (1):
From continuing
operations $1.13 $1.47 $3.39 $4.61
From discontinued
operations $0.04 $(0.06) $0.01 $(0.06)
—– —— —– ——
Diluted earnings per
share $1.17 $1.41 $3.40 $4.55
—– —– —– —–
Weighted average shares
outstanding used in computing
diluted earnings per share 12,226 12,556 12,303 12,853
—— —— —— ——

(1) Basic and fully diluted earnings per share for class A and class B
common stock are the same

MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)

Core BI Business Angel.com Consolidated
—————- ———– ————
Three Months Three Months Three Months
Ended Ended Ended
December 31, December 31, December 31,
———— ————– ————
2008 2007 2008 2007 2008 2007
—- —- —- —- —- —-

Revenues
Product licenses $27,959 $31,736 $- $- $27,959 $31,736
Product support
and other
services 64,030 61,296 – – 64,030 61,296
Angel.com
telephony
services – – 3,016 2,195 3,016 2,195
—— —— —– —– —— ——
Total revenues 91,989 93,032 3,016 2,195 95,005 95,227
—— —— —– —– —— ——

Cost of Revenues
Product licenses 434 899 – – 434 899
Product support
and other
services 14,729 12,180 – – 14,729 12,180
Angel.com
telephony
services – – 902 381 902 381
—— —— — — — —
Total cost of
revenues 15,163 13,079 902 381 16,065 13,460
—— —— — — —— ——
Gross profit 76,826 79,953 2,114 1,814 78,940 81,767
—— —— —– —– —— ——

Operating Expenses
Sales and
marketing 35,759 29,841 1,865 1,373 37,624 31,214
Research and
development 5,318 9,416 804 629 6,122 10,045
General and
administrative 13,811 12,232 67(a) 105(a)13,878 12,337
—— —— — — —— ——
Total operating
expenses 54,888 51,489 2,736 2,107 57,624 53,596
—— —— —– —– —— ——

Income (loss) from
continuing
operations before
financing and
other income and
income taxes 21,938 28,464 (622) (293) 21,316 28,171
—— —— —- —- —— ——

Financing and
Other Income
Interest
income, net 185 892 – – 185 892
Other income
(expense), net 974 (77) – – 974 (77)
— — — — — —
Total financing
and other
income 1,159 815 – – 1,159 815
—– — — — —– —
Income (loss)
from continuing
operations before
income taxes $23,097 $29,279 $(622) $(293) $22,475 $28,986
Provision for
income taxes 8,638 10,514
—– ——
Income from
continuing
operations 13,837 18,472
Income (loss)
from
discontinued
operations,
net of tax 448 (798)
— —-
Net income $14,285 $17,674
======= =======

Basic earnings
(loss) per share:
From continuing
operations $1.16 $1.54
From discontinued
operations $0.04 $(0.07)
—– ——
Basic earnings
per share $1.20 $1.47
—– —–

Diluted earnings
(loss) per share:
From continuing
operations $1.13 $1.47
From discontinued
operations $0.04 $(0.06)
—– ——
Diluted earnings
per share $1.17 $1.41
—– —–

Basic weighted
average shares
outstanding 11,889 12,055
====== ======
Diluted weighted
average shares
outstanding 12,226 12,556
====== ======

(a) An insignificant amount of general and administrative services is
provided to the Angel.com business unit by MicroStrategy’s core
business operations.

MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)

Core BI Business Angel.com Consolidated
—————- ——— ————
Twelve Months Twelve Months Twelve Months
Ended Ended Ended
December 31, December 31, December 31,
———— ———— ————
2008 2007 2008 2007 2008 2007
—- —- —- —- —- —-

Revenues
Product licenses $95,924 $100,344 $- $- $95,924 $100,344
Product support
and other
services 253,660 227,917 – – 253,660 227,917
Angel.com
telephony
services – – 10,809 7,112 10,809 7,112
— — —— —– —— —–
Total revenues 349,584 328,261 10,809 7,112 360,393 335,373
——- ——- —— —– ——- ——-

Cost of Revenues
Product licenses 1,877 3,055 – – 1,877 3,055
Product support
and services
revenues 59,331 45,662 – – 59,331 45,662
Angel.com
telephony
services – – 2,198 1,824 2,198 1,824
— — —– —– —– —–
Total cost of
revenues 61,208 48,717 2,198 1,824 63,406 50,541
—— —— —– —– —— ——
Gross profit 288,376 279,544 8,611 5,288 296,987 284,832
——- ——- —– —– ——- ——-

Operating Expenses
Sales and
marketing 129,721 104,526 7,962 5,911 137,683 110,437
Research and
development 27,546 32,465 3,025 2,707 30,571 35,172
General and
administrative 60,651 49,400 282(a) 112(a)60,933 49,512
—— —— — — —— ——
Total operating
expenses 217,918 186,391 11,269 8,730 229,187 195,121
——- ——- —— —– ——- ——-

Income (loss)
from continuing
operations
before financing
and other income
and income taxes 70,458 93,153 (2,658) (3,442) 67,800 89,711
—— —— —— —— —— ——

Financing and Other
Income Interest
income, net 2,266 3,674 – – 2,266 3,674
Other expense, net 705 (866) – – 705 (866)
— —- — — — —-
Total financing
and other
income 2,971 2,808 – – 2,971 2,808
—– —– — — —– —–
Income (loss)
from continuing
operations before
income taxes $73,429 $95,961 $(2,658) $(3,442) $70,771 $92,519
Provision for
income taxes 29,003 33,311
—— ——
Income from
continuing
operations 41,768 59,208
Income (loss)
from
discontinued
operations,
net of tax 65 (740)
— —-
Net income $41,833 $58,468
======= =======

Basic earnings
(loss) per
share:
From continuing
operations $3.51 $4.80
From discontinued
operations $0.01 $(0.06)
—– ——
Basic earnings
per share $3.52 $4.74
—– —–

Diluted earnings
(loss) per share:
From continuing
operations $3.39 $4.61
From discontinued
operations $0.01 $(0.06)
—– ——
Diluted earnings
per share $3.40 $4.55
—– —–

Basic weighted
average shares
outstanding 11,886 12,325
====== ======
Diluted weighted
average shares
outstanding 12,303 12,853
====== ======

(a) An insignificant amount of general and administrative services is
provided to the Angel.com business unit by MicroStrategy’s core
business operations.

MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)

December 31, December 31,
2008 2007
———- ———–
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $122,915 $85,194
Restricted cash and investments 619 2,982
Accounts receivable, net 49,670 49,392
Prepaid expenses and other
current assets 9,518 12,106
Deferred tax assets, net 26,743 29,652
Assets held-for-sale 4,964 4,272
—– —–
Total current assets 214,429 183,598

Property and equipment, net 8,978 9,473
Capitalized software development cost, net 14,823 2,340
Deposits and other assets 36,804 11,433
Deferred tax assets, net 17,105 35,347
—— ——
Total Assets $292,139 $242,191
——– ——–

Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable and accrued expenses $27,697 $22,083
Accrued compensation and employee
benefits 42,634 38,604
Deferred revenue and advance payments 66,495 64,234
Liabilities held-for-sale 6,325 3,436
—– —–
Total current liabilities 143,151 128,357

Deferred revenue and advance payments 1,679 1,368
Other long-term liabilities 9,268 9,137
—– —–

Total Liabilities 154,098 138,862
——- ——-

Stockholders’ Equity
Preferred stock undesignated, $0.001
par value; 5,000 shares authorized;
no shares issued or outstanding – –
Class A common stock, $0.001 par value;
330,000 shares authorized; 14,167
shares issued and 9,120 shares
outstanding, and 14,113 shares issued
and 9,184 shares outstanding,
respectively 14 14
Class B common stock, $0.001 par value;
165,000 shares authorized; 2,770 issued
and outstanding, respectively 3 3
Additional paid-in capital 450,953 448,229
Treasury stock, at cost; 5,047 and
4,929 shares, respectively (366,191) (357,804)
Accumulated other comprehensive income 1,471 2,929
Retained earnings 51,791 9,958
—— —–
Total Stockholders’ Equity 138,041 103,329
——- ——-
Total Liabilities and
Stockholders’ Equity $292,139 $242,191
——– ——–

MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

Twelve Months Ended
December 31,
———————-
2008 2007
—- —-
(unaudited) (audited)
Operating activities:
Net income $41,833 $58,468
Plus: (Income) loss from discontinued
operations, net (65) 740
— —
Income from continuing operations 41,768 59,208
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 6,399 7,557
Bad debt expense 1,142 1,370
Deferred taxes 20,925 26,137
Stock-based compensation 46 528
Excess tax benefits from stock-based
payment arrangements (422) (3,270)
Other, net 72 160
Changes in operating assets and liabilities:
Accounts receivable (2,975) 4,879
Prepaid expenses and other current assets 1,643 (3,301)
Deposits and other assets 157 (1,434)
Accounts payable and accrued expenses,
compensation and employee benefits 10,676 3,382
Deferred revenue and advance payments 5,278 4,119
Other long-term liabilities 190 1,244
— —–
Net cash provided by operating
activities from continuing operations 84,899 100,579
Net cash provided by (used in) operating
activities from discontinued operations 4,019 (2,683)
—– ——
Net cash provided by operating
activities 88,918 97,896
—— ——
Investing activities:
Advance deposits on purchases of property
and equipment (25,000) (7,500)
Purchases of property and equipment (5,167) (3,426)
Capitalized software development costs (13,575) (2,650)
Decrease in restricted cash and investments 1,100 931
—– —
Net cash used in investing activities
from continuing operations (42,642) (12,645)
Net cash used in investing activities
from discontinued operations (160) (50)
—- —
Net cash used in investing activities (42,802) (12,695)
——- ——-
Financing activities:
Proceeds from sale of class A common stock
under exercise of employee stock options and
employee stock purchase plan 2,104 3,293
Excess tax benefits from stock-based payment
arrangements 422 3,270
Purchases of treasury stock (8,387) (89,028)
—— ——-
Net cash used in financing activities
from continuing operations (5,861) (82,465)
Net cash used in financing activities
from discontinued operations – –
— —
Net cash used in financing activities (5,861) (82,465)
Effect of foreign exchange rate changes
on cash and cash equivalents (2,534) 3,478
—— —–
Net increase in cash and cash equivalents from
continuing operations 37,721 6,214
Cash and cash equivalents, beginning of period 85,194 78,980
—— ——
Cash and cash equivalents, end of period $122,915 $85,194
======== =======

SOURCE MicroStrategy Incorporated

http://www.microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Positioned in ‘Leaders’ Quadrant of Analyst’s 2009 Magic Quadrant for Business Intelligence Platforms Report

Jan 28, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Evaluation Based on Completeness of Vision and Ability to Execute

McLean, Va., (January 28, 2009) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it has been positioned by Gartner, Inc. in the leaders quadrant in the 2009 Magic Quadrant for Business Intelligence Platforms report.1

According to Gartner, “BI platforms enable users to build applications that help organizations learn and understand their business.” Gartner describes leaders as “vendors that are reasonably strong in the breadth and depth of their BI platform capabilities, and can deliver on enterprisewide implementations that support a broad BI strategy. Leaders articulate a business proposition that resonates with buyers, supported by the viability and operational capability to deliver on a global basis.”

A copy of the Gartner report is available, compliments of MicroStrategy, at http://www.microstrategy.com/GartnerMagicQuadrant2009.

Commitment to BI Innovation
MicroStrategy is committed to providing its customers with innovative business intelligence software as evidenced by its upcoming software release, MicroStrategy 9, which is expected to be generally available in the first quarter of 2009. The company’s most significant release in nearly a decade, MicroStrategy 9 will deliver new technology and features designed to:

* Extend enterprise BI with enhancements for greater scalability, performance, and efficiency;
* Enable rapid development and deployment of departmental BI applications; and
* Provide a seamless consolidation path from departmental BI to enterprise BI

Extending Enterprise BI
As BI systems grow to thousands of users and hundreds of terabytes of data, maintaining fast query performance can be a tremendous challenge. MicroStrategy 9 includes new adaptive caching technology called In-memory ROLAP, which takes advantage of the large addressable memory now available on 64-bit Unix, Linux, and Windows computer servers, and provides a performance-optimized middle-tier database that can respond directly to data requests from reports, dashboards, and OLAP analyses. MicroStrategy 9 also introduces new SQL generation optimizations that can greatly improve performance for sophisticated queries involving complex metrics.

As companies merge and expand, there is an increased urgency for business intelligence to span all operations, across business units, across departments, and across the globe. This expansion introduces new requirements on BI systems to support global deployments. MicroStrategy 9 offers the ability to present reports, dashboards, or OLAP analyses in the local language of business users viewing the information. In addition, MicroStrategy 9 offers numerous capabilities to streamline coordination between development teams working around the globe on the same BI applications.

Rapid Development and Deployment of Departmental BI
MicroStrategy 9 includes significant new architectural components and features designed specifically to support the needs of smaller-scale BI systems for departments and workgroups. MicroStrategy 9 now enables departmental BI applications to be set up quickly, providing end users with the ability to create reports and dashboards, and to distribute information among themselves with little or no IT support.

MicroStrategy’s new Multi-source ROLAP, In-memory ROLAP, and rapid metadata creation enables business departments to quickly set up small BI environments, accessing multiple databases without the time-consuming and technically-intensive work of first creating a data mart or data warehouse.

MicroStrategy 9 offers numerous new features that make assembling reports simpler and faster. Business users can quickly create their own dashboards using new features in MicroStrategy 9, including out-of-the-box dashboard templates, support for custom-designed templates, and new design assistants that aid novice users in creating their own dashboards.

MicroStrategy 9 gives users greater control of report and dashboard distribution with its new Distribution Services product. Users can set up report distributions for themselves or for other users, sending reports via e-mail, networked printers, or directly to recipients’ computers or servers. Business users are empowered to create and manage their own information subscriptions, without the intervention of a centralized IT administrator.

Seamless Consolidation from Departmental BI to Enterprise BI
Organizations have a mix of workgroup, departmental, and enterprise BI systems, and face the problem of having multiple ‘versions of the truth’ across these BI islands that can undermine the credibility of its BI systems. The solution is to merge the islands of BI into a more cohesive, enterprise-wide BI system gradually and incrementally.

MicroStrategy 9 was designed to enable the easy merger of independent islands of MicroStrategy BI into a more expansive enterprise BI system. Using the new Multi-source ROLAP capability, metadata and reports from departmental BI islands can be gradually merged into larger enterprise BI metadata, without also having to move any of the original data into data warehouses or data marts. As a next step, MicroStrategy 9 also enables companies to gradually move their data from disparate databases into the data warehouse simply by “re-pointing” the metadata to access the same data, but at its new location, with no disruption to reports or redesign required.

MicroStrategy Receives 2009 Editors’ Choice Award by TechWeb’s Intelligent Enterprise
MicroStrategy recently received the 2009 Editors’ Choice Award by Intelligent Enterprise. In selecting the 2009 Editors’ Choice winners, Intelligent Enterprise cited the companies’ exceptional vision, innovation, and leadership. According to Intelligent Enterprise, MicroStrategy has “focused on delivering world-class BI with state-of-the-art dynamic dashboards. The MicroStrategy 9 release set for Q1 2009 adds in-memory analysis to speed queries and reduce data-prep dependency on IT. And a new multi-source engine opens up data access while supporting flexible modeling as BI spreads from workgroup to enterprisewide deployments.”

Thousands of Companies Rely on MicroStrategy
Thousands of companies, many 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.

Several of MicroStrategy’s customers were recognized at its annual user conference in January 2009 for outstanding business performance with their MicroStrategy-based business intelligence applications:

Citi’s Global Transaction Services / Commercial Cards Business: A leading global financial services company, Citi was recognized in the Extranet Deployment category for its Citibank® Custom Reporting System, powered by MicroStrategy technology. The Citibank® Custom Reporting System is a robust business intelligence tool supporting Citi’s Commercial Cards clients globally in over 40 countries and 14 languages with extensive analytics, Key Performance Indicators (KPI), and detailed transaction and demographic reports.

Nationwide Mutual Insurance Company: Nationwide Mutual Insurance Company was recognized in the Enterprise Deployment category. Nationwide has deployed MicroStrategy across its enterprise, and has 27 MicroStrategy applications in production, primarily focused on four business areas: personal lines policy analysis, claims management, risk management appraisal, and agent productivity. Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $158 billion in assets.

Bank of America: Bank of America was the award recipient in the User Scalability category. Bank of America is one of the world’s largest financial institutions, serving individual consumers, small and middle market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk-management products and services. Global Product Solutions (GPS), a division of Global Corporate & Investment Banking at Bank of America, employs the BI Platform and designs, delivers, and services integrated credit and treasury products to more than 140,000 clients around the world, including small businesses, middle-market and large corporations, multi-nationals, financial institutions, and governments.

“We consider our placement in the leaders quadrant by Gartner as confirmation of our relentless focus on delivering exceptional BI technology and the highest level of service to our customers,” said MicroStrategy COO Sanju Bansal. “Our upcoming release of MicroStrategy 9 will raise the bar, once again, by providing new technology and features that will help to enhance the performance and efficiency of enterprise BI applications, and support the rapid development and deployment of departmental BI.”

About the Magic Quadrant
The Gartner Magic Quadrant is copyrighted January 16, 2009 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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.

1 Gartner, Inc. “Magic Quadrant for Business Intelligence Platforms, 2009” by James Richardson et al, Jan. 16, 2009

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 9 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

Tags: MicroStrategy

MicroStrategy Named as One of the Most Influential Vendors in Enterprise IT for 2009

Jan 27, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Receives TechWebâ??s Intelligent Enterprise 2009 Editorsâ?? Choice Award

McLean, VA. (January 27, 2009) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it has been awarded the 2009 Editors’ Choice Award by TechWeb’s Intelligent Enterprise. MicroStrategy joins technology companies, including Microsoft, Oracle, and SAP in the elite “Dozen” companies that are expected to drive the intelligent enterprise in 2009. In selecting the 2009 Editors’ Choice winners, Intelligent Enterprise cited the companies’ exceptional vision, innovation, and leadership.

MicroStrategy’s Dynamic Enterprise Dashboards provide easy-to-use access to enterprise data to help companies manage business performance and improve decision-making. With advanced data visualization capabilities, MicroStrategy’s dashboards enable users to view a tremendous amount of information in a compelling manner, all within the context of MicroStrategy’s integrated BI platform. According to Intelligent Enterprise, MicroStrategy has “resisted the temptation to be a ‘me-too’ on analytics and performance management. Instead this independent has focused on delivering world-class BI with state-of-the-art dynamic dashboards. The MicroStrategy 9 release set for Q1 2009 adds in-memory analysis to speed queries and reduce data-prep dependency on IT.”

MicroStrategy recently announced its anticipated release of MicroStrategy 9 software, which is expected to be generally available in the first quarter of 2009. The company’s most significant release in nearly a decade, MicroStrategy 9 is designed to extend enterprise BI with enhancements for greater scalability, performance, and efficiency; enable rapid development and deployment of departmental BI applications; and provide a seamless consolidation path from departmental BI to enterprise BI.

“Smart enterprises will have to make the most of technology to outmaneuver the competition and navigate the shoals of fast-changing and challenging economic conditions,” said Doug Henschen, editor-in-chief, Intelligent Enterprise. “We present our 10th Annual Intelligent Enterprise Editors’ Choice Awards to guide our readers toward innovative and influential vendors, whether large or small, that have been leading the way toward easier and more comprehensive use of information, deeper and timelier insight, and more flexible and efficient applications and business processes.”

“This recognition from Intelligent Enterprise reflects MicroStrategy’s commitment to drive innovation in today’s competitive technology market,” said Sanju Bansal, MicroStrategy COO. “We continue to focus on meeting the dynamic BI requirements of our customers and providing new technology and functionality to support all levels of BI users across the enterprise. Our upcoming release of MicroStrategy 9 is an excellent example of our commitment to delivering the best business intelligence architecture and products for our customers.”

To see a list of “The Dozen,” please visit: http://www.intelligententerprise.com/showArticle.jhtml?articleID=212800112

About Intelligent Enterprise
Intelligent Enterprise is the only Web site dedicated to helping organizations unlock and deliver the strategic value of information so they can improve business processes and drive excellence through operational decision-making. Intelligent Enterprise’s content offers a unique focus on how to apply leading-edge technologies to sharpen such business objectives as improving the customer experience, developing smarter marketing campaigns, streamlining supply chains, detecting high-risk or fraudulent activity and creating effective, performance-driven enterprises. Intelligent Enterprise delivers expert coverage and thought leadership through its Web site as well as through Webinars, e-newsletters and more.

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 9, MicroStrategy Dynamic Enterprise Dashboards 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

Tags: MicroStrategy

Australian Pharmaceutical Industries Limited Selects MicroStrategy as its New Business Intelligence Platform

Jan 22, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Australian Pharmaceutical Industries Limited (API) has selected MicroStrategy as its new Business Intelligence platform for one of its key divisions, to complement its Te

Sydney (January 22, 2009) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Australian Pharmaceutical Industries Limited (API) has selected MicroStrategy as its new Business Intelligence platform for one of its key divisions, to complement its Teradata data warehouse and Informatica integration solution.

API is one of Australia’s leading Pharmacy wholesale distribution and health and beauty retail companies. The Pharmacy wholesale division plans to use MicroStrategy for its analysis and reporting of key business performance indicators.

“MicroStrategy was selected for its intuitive user interface, powerful analytics, and flexibility to slice-and-dice data across multiple dimensions,” said MicroStrategy’s Patrick Elliott, Vice President of Australia and New Zealand. “MicroStrategy’s integrated organic architecture and end-user self service capability, with the ability for users to drill anywhere from within a dashboard, will help to support the current and future growth of API’s business.”

Michael Vodicka, CIO at API explained, “MicroStrategy offered a more cost-effective BI solution than the current provider and it will meet our business intelligence requirements. Our strategic requirements focus on enabling self-service for business users to quickly get the data they need, coupled with easier administration and maintenance for IT. MicroStrategy, with its enterprise-caliber capability, is able to do this and deliver it on a single, unified architecture.” Vodicka added that the strength of the integration between MicroStrategy and Teradata to combine their core BI and DW expertise helped to confirm their selection of MicroStrategy, because the two companies deliver high levels of performance scalability and reliability.

“We have been working with API for some time to deliver a solution that supports their corporate initiatives and provides timely reporting and analysis of their data. We are delighted that API has chosen MicroStrategy’s BI platform to complement its new data warehouse environment, and we look forward to a long and mutually beneficial relationship,” said Mr. Elliott.

About Australian Pharmaceutical Industries
Australian Pharmaceutical Industries Limited (API), founded in 1910 has developed into one of Australia’s leading health and beauty companies. API’s Pharmacy business provides wholesale distribution, business and marketing services to community pharmacies across Australia. The Retail division is a leader in the health and beauty market through its retail brand Priceline. The Consumer division is a niche player in over-the-counter pharmaceuticals and is based in New Zealand.

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

Tags: MicroStrategy

MicroStrategy Recognized as a Top Software Vendor for Retailers by Retail Info Systems News

Jan 22, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Retailers Worldwide Choose MicroStrategy for Reporting and Analytics

McLean, Va., (January 22, 2009) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that it was named by Retail Info Systems (RIS) News to its 2008 Software LeaderBoard, which highlights the top software vendors for retailers.

The RIS Software LeaderBoard compares software companies serving the retail industry in a head-to-head ranking that is based largely on retailer evaluations. MicroStrategy was also ranked in the top five in the following RIS LeaderBoard categories:

* Top Software Vendors for Tier One Retailers (revenues greater than $1 billion)
* Leaders in Overall Performance
* Leaders in Technology Innovation
* Leaders in Recommendation
* Leaders in Total Cost of Ownership by Tier One & Mid-size Retailers
* Leaders in ROI by Tier One & Mid-size Retailers
* Leaders in Ease of Installation/Integration by Tier One &
* Leaders in Quality of Support by Tier One & Mid-size Retailers
* Leaders in Quality of Service by Tier One & Mid-size Retailers
* Leaders in Product Reliability by Tier One & Mid-size Retailers

MicroStrategy’s business intelligence software is used by retailers worldwide, including Starbucks, METRO Group, Limited Brands, Hallmark Cards, Lowe’s Companies, Guitar Center, Pacific Sunwear, and Target. MicroStrategy’s scalable platform enables retailers to analyze vast amounts of data and provides detailed insights into business areas such as sales trends, inventory management, store operations, and customer loyalty.

“We are pleased that, once again, retailers have recognized MicroStrategy as a leading software provider in the RIS LeaderBoard,” said Sanju Bansal, MicroStrategy COO. “MicroStrategy provides retailers with enhanced visibility into their business performance, through user-friendly reports, scorecards, and dashboards that identify key trends and help retailers make analytically-based business decisions.”

Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Dana-Farber Cancer Institute Chooses MicroStrategy for Clinical Operations and Clinical Research Reporting Applications

Jan 21, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Dana-Farber Cancer Institute has selected the MicroStrategy Business Intelligence Platformâ?¢ for clinical operations and clinical research reporting applications

McLean, Va., (January 21, 2009) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Dana-Farber Cancer Institute has selected the MicroStrategy Business Intelligence Platform(TM) for clinical operations and clinical research reporting applications. Dana-Farber Cancer Institute is a principal teaching affiliate of the Harvard Medical School and is among the leading cancer research and care centers in the United States.

Dana-Farber will use MicroStrategy for its clinical operations reporting application, which will be used by clinic managers, nurses, disease program administrators, and schedulers to improve their ability to manage patient flow through clinical areas, reduce wait times, optimize clinical processes like pharmacy dispenses and medical records management, and monitor staffing levels. Clinical research assistants, statisticians, doctors, and clinical researchers will use the MicroStrategy-based clinical research reporting application for insights into data that will help them write research papers and grants, identify patients for clinical studies, and better understand treatment outcomes.

“We selected MicroStrategy because we needed a fully integrated business intelligence platform that was reliable, scalable, and easy to use,” said John Orechia, Clinical and Research Reporting Team Leader of Dana-Farber Cancer Institute. “With MicroStrategy’s robust reporting and intuitive Web interface, our personnel will have access to the information they need to make essential decisions for our organization and our patients.”

“We are proud to support Dana-Farber Cancer Institute and its multiple reporting applications,” said MicroStrategy’s COO Sanju Bansal. “Organizations across the healthcare industry rely on MicroStrategy to analyze and improve operations, service quality, and resource utilization.”

About Dana-Farber Cancer Institute
Dana-Farber Cancer Institute (www.dana-farber.org) is a principal teaching affiliate of the Harvard Medical School and is among the leading cancer research and care centers in the United States. It is a founding member of the Dana-Farber/Harvard Cancer Center (DF/HCC), designated a comprehensive cancer center by the National Cancer Institute.

Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Longview Solutions and MicroStrategy Sign Global Technology Partner Agreement

Jan 20, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced a new Global Technology Partner agreement with Longview Solutions

McLean, Va., (January 20, 2009) –

icroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced a new Global Technology Partner agreement with Longview Solutions. Through the technology partnership, the two companies will work together to offer complementary BI and Corporate Performance Management (CPM) solutions to enterprise customers. In addition, Longview and MicroStrategy will participate in joint sales and marketing initiatives.

Longview’s CPM software gives companies the ability to better manage business performance by creating a single repository of financial data that drives key financial processes, including planning, budgeting, forecasting, consolidation, tax reporting, management reporting, and analysis. The combination of Longview and MicroStrategy’s BI platform will provide companies with a unified view of business performance for more informed decision making.

“The strategic fit between Longview and MicroStrategy is excellent,” said John Power, President of Longview Solutions. “Through our technology partnership, companies get the best of both worlds. They can integrate market leading technologies to truly manage the enterprise, without sacrificing the in-depth knowledge and expertise that are essential for these types of strategic implementations to be successful.”

“We are pleased to add Longview Solutions to our portfolio of technology partners,” said Sanju Bansal, MicroStrategy’s COO. “Longview’s CPM solution is a natural complement to MicroStrategy’s BI software, helping companies to harness their business data for enhanced insights into business performance.”

About Longview Solutions
Longview Solutions provides corporate performance management (CPM) software that leading companies like Trustmark, Time Warner, Home Depot, Ingersoll Rand, JC Penney and GE Healthcare use to drive performance with speed, visibility and financial integrity. Since 1994, many of the world’s most respected companies have used Longview to create a single repository of financial truth from which statutory consolidation, management reporting, financial planning, modeling and analysis, budgeting, forecasting and tax reporting can be performed quickly and accurately, enterprise-wide. Longview is an Exact Software company headquartered in Toronto, Canada with additional offices in Philadelphia, Chicago (USA) and London (UK).

Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Recognizes Four Companies for Excellence in Enterprise-Class Business Intelligence

Jan 15, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Citi, Nationwide Insurance, Target Corporation, and Bank of America Honored at MicroStrategy World 2009 User Conference

Las Vegas, NV (January 15, 2009) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today recognized four companies for achieving outstanding business performance with their MicroStrategy-based business intelligence applications. The “Best Practices in Business Intelligence” award recipients for 2009 are Citi, Nationwide Mutual Insurance Company, Target Corporation, and Bank of America. The awards were announced at MicroStrategy’s annual user conference, MicroStrategy World 2009, in Las Vegas, Nevada.

The award recipients are recognized for their exceptional use of business intelligence to enhance corporate performance, improve efficiency and productivity, and strengthen customer relationships. “We are delighted to honor these leading organizations for their visionary use of business intelligence and for making MicroStrategy software a critical component in their BI initiatives,” said MicroStrategy COO Sanju Bansal. “Each of these companies has demonstrated remarkable results with their BI applications.”

The award categories and recipients are:
Extranet Deployment: Citi
Enterprise Deployment: Nationwide Mutual Insurance Company
Data Scalability: Target Corporation
User Scalability: Bank of America

Following is a brief description of this year’s award recipients and their business intelligence applications:

Citi’s Global Transaction Services / Commercial Cards Business: A leading global financial services company, Citi is recognized in the Extranet Deployment category for its Citibank® Custom Reporting System, powered by MicroStrategy technology. The Citibank® Custom Reporting System is a robust business intelligence tool supporting Citi’s Commercial Cards clients globally in over 40 countries and 14 languages with extensive analytics, Key Performance Indicators (KPI), and detailed transaction and demographic reports. Deployed as part of Citi’s suite of Web-based tools, the extranet allows Citi’s Commercial Cards clients to monitor cardholder compliance with corporate spending policies, easily analyze purchase trends, and administer global card programs for their organizations. The platform allows clients to analyze data from individual transaction detail to summary corporate spending at any level of aggregation they choose, including expense categories, supplier profiles, and organizational units.

The application required extensive security based on complex reporting hierarchies, to provide a high degree of information security and data access. Citi continues to enhance the platform including the addition of Program Dashboards, which provide intuitive, graphical reporting and analytics to streamline reporting, simplify processing, and reduce fraud.

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko.

Nationwide Mutual Insurance Company: Nationwide Mutual Insurance Company is recognized in the Enterprise Deployment category. Nationwide has deployed MicroStrategy across its enterprise, and has 27 MicroStrategy applications in production, primarily focused on four business areas: personal lines policy analysis, claims management, risk management appraisal, and agent productivity. Approximately 28,000 users at Nationwide run an average of 95,000 MicroStrategy reports per month, with 95 percent of the reports completed in less than five minutes. MicroStrategy is used by employees across Nationwide, including personnel in Marketing, Underwriting, Pricing, Finance, Research and Development, Product Management, Claims, Special Investigations, Billing, and Internal Reporting. The MicroStrategy-based reporting and analysis applications run against a 28-node Teradata data warehouse with 60 terabytes of production data. Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $158 billion in assets.

Target Corporation: Target Corporation is the award recipient in the Data Scalability category. The second-largest general-merchandise retailer in America, Target has adopted MicroStrategy as one of its enterprise-wide business intelligence tools. Target uses MicroStrategy’s software to analyze over 100+ terabytes of vendor, sales, and product data stored in its data warehouse. Thousands of team members in marketing, distribution centers, supply chain, merchandising, finance, and store management will be able to access Target’s BI applications and run reports. In addition, thousands of vendors will be able to access a MicroStrategy-powered Web site to follow trends in supply chain operations, track purchase orders, and analyze the sales performance of products at Target stores. The end result will be enhanced efficiency and an improved guest experience. Target Corporation currently operates 1,685 stores in 48 states and also has a fully integrated on-line business through Target.com.

Bank of America: Bank of America is the award recipient in the User Scalability category. Bank of America is one of the world’s largest financial institutions, serving individual consumers, small and middle market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk-management products and services. The company serves clients in 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500.

Global Product Solutions (GPS), a division of Global Corporate & Investment Banking at Bank of America, employs the BI Platform and designs, delivers, and services integrated credit and treasury products to more than 140,000 clients around the world, including small businesses, middle-market and large corporations, multi-nationals, financial institutions, and governments. Built from the ground up, Bank of America’s GPS BI Platform consolidates detailed client and product data from over 40 global data sources. Using the speed and processing power of Netezza and the robust BI platform of MicroStrategy, users from around the world have 24/7 access to 36 months of history with “drill anywhere” capabilities across over 300 attributes. The large user community, which includes associates from sales, product management, client services, risk management, and finance, leverages the MicroStrategy BI Platform for a wide range of important functions, including client and product profitability analysis, performance metrics tracking, risk management, officer portfolio performance, and pricing management.

Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Announces MicroStrategy 9: Extending the Performance and Scalability of Enterprise Business Intelligence and Simplifying the Deployment of Departmental Business Intelligence Applications

Jan 14, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Designed for Rapid Development of Departmental BI Applications and their Evolution into a High-Scale, High Performance Enterprise BI Utility

McLean, VA (January 14, 2009) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today introduced MicroStrategy 9(TM) at its annual user conference in Las Vegas. MicroStrategy 9, the company’s most significant release in nearly a decade, is expected to be generally available in the first quarter of 2009 and will include significant new products and enhancements to its BI software platform.

With this major release, MicroStrategy delivers new technology and features designed to:

* Extend enterprise BI with enhancements for greater scalability, performance, and efficiency
* Enable rapid development and deployment of departmental BI applications
* Provide a seamless consolidation path from departmental BI to enterprise BI

“Organizations have a mix of enterprise-grade and departmental BI applications. Enterprise BI applications continue to advance in data scale, user scale, and analytical requirements, and MicroStrategy 9 includes new, advanced features to improve the performance, scale, and efficiency of large-scale enterprise BI applications,” said Sanju Bansal, MicroStrategy’s COO. “In addition, MicroStrategy 9 also includes innovative features to enable the rapid development of departmental BI applications by business users rather than IT professionals. To support consolidation and standardization, MicroStrategy 9 eases the migration of departmental BI application data and metadata into a unified, enterprise BI environment.”

MicroStrategy 9 Extends Enterprise BI

Dramatically Improved Query Performance
As BI systems grow to thousands of users and hundreds of terabytes of data, maintaining fast query performance can be a tremendous challenge. MicroStrategy 9 includes new adaptive caching technology called In-memory ROLAP and improvements in SQL generation to enhance query performance.

In-memory ROLAP:
MicroStrategy 9 introduces a major new architectural component called “In-memory ROLAP” to dramatically improve query performance. In-memory ROLAP takes advantage of the large addressable memory now available on 64-bit Unix, Linux, and Windows computer servers, and provides a performance-optimized middle-tier database that can respond directly to data requests from reports, dashboards, and OLAP analyses. Since the new middle-tier database is stored in computer memory, it avoids disk access delays. In-memory ROLAP can serve the data needed for the most complex and time-consuming queries, dramatically improving the average query response times. In-memory ROLAP can also offload work from database servers, freeing up database capacity and allowing enterprises potentially to delay purchasing additional database capacity.

SQL Optimization:
MicroStrategy 9 introduces SQL generation algorithm optimizations for handling sophisticated analyses involving complex metrics. The new optimization algorithm can reduce the number of SQL passes by 66% and reduce database query time by as much as 75%. This new capability works transparently with reports, dashboards, and analyses, providing an immediate performance improvement to many existing MicroStrategy applications.

“MicroStrategy’s new In-memory ROLAP option is game changing. Unlike other in-memory approaches on the market today, it is fully integrated with an enterprise BI environment and provides high performance transparently to business users,” said Cindi Howson, Founder of BIScorecard. “The way in which large amounts of data are stored and accessed in-memory is so seamless that I was skeptical until I saw the actual SQL generated and witnessed the performance.”

“We look forward to using MicroStrategy 9 In-memory ROLAP technology to help us improve our user experience with faster response times and to take unnecessary pressure off our Teradata system,” said Mark Govostes, Manager of BI Architecture at eBay.

Supporting Thousands of Concurrent Users
Successful BI systems often experience dramatic growth in user populations. It is increasingly common for a single enterprise BI installation to support thousands and even tens of thousands of business users.

64-bit Web Server Support:
MicroStrategy 9 supports 64-bit Java Virtual Machines (JVMs) in both J2EE Web servers as well as ASP.net Web Servers. The expanded memory available in 64-bit JVMs allows for far more concurrent user sessions and the running of much larger reports, all within the same server.

Extreme AJAX Code Structures for MicroStrategy Web:
In MicroStrategy 9, MicroStrategy has re-engineered its Web server to adhere to an “Extreme AJAX” model. In Extreme AJAX, processing is shifted from the Web server to the Web browser to minimize the frequency and volume of data transfer between server and browser. These enhancements deliver a much more responsive, interactive experience for business users. Extreme AJAX has the added benefit of offloading processing burdens from the shared Web server, freeing up capacity on Web servers so that they can support additional user sessions.

Supporting Complex Enterprise Reporting for Customer Statement Applications
Most large companies produce vast numbers of customer statements, including invoices, notifications, and account updates. These customer statements are often constructed using expensive and difficult-to-maintain custom-coded software or proprietary software applications.

Multi-part Report Documents:
MicroStrategy 9 introduces a major structural enhancement to its Report Services offering that allows customers to build extremely complex enterprise reports and statements, without programming. The primary enhancement is the support for multi-part document reports, where each part can be independently developed and maintained by different developer teams and seamlessly assembled together into a report book or statement. MicroStrategy 9 also automatically applies pagination across all report parts and automatically creates tables of contents across all parts. Additionally, the formatting of these complex document reports has been enhanced through the inclusion of watermarks, horizontal repeating sections, dynamic images, and conditional formatting.

Supporting Global Deployments
As companies merge and expand, there is an increased urgency for business intelligence to span all operations, across business units, across departments, and across the globe. This expansion introduces new requirements on the BI systems to support global deployments.

Comprehensive Internationalization:
MicroStrategy 9 offers the ability to present every report, dashboard, or OLAP analysis in the local language of each business user viewing the information. This new internationalization capability can support unlimited numbers of languages in both single-byte and double-byte (Asian) alphabets. When a user logs on to MicroStrategy 9, the BI system will read the user’s language preferences from their browser and dynamically render reports and dashboards in their preferred language, altering the interface, the number and date formats, and the data to match the language preference.

Supporting Distributed Development and Operation
With large enterprises, it is common to have development teams from North America, Europe, and India working on the same BI applications. The challenge is supporting this distributed development so that the effort of coordination does not exceed the benefit of having multiple development teams.

Change Journaling:
MicroStrategy 9 introduces a range of features to support distributed development teams, including change journaling. This capability allows changes to metadata objects to be automatically tracked and logged into a centralized system to monitor the activities of the disparate development teams. The change journaling system also allows developers and teams to communicate with one another about their changes through a persistent commenting capability. This level of change tracking is also crucially important for Sarbanes-Oxley compliance.

Update Packages:
MicroStrategy 9 allows multiple and independent development teams to coordinate the inclusion of their new developments into the global operational BI system. This new feature is called “update packages,” and it allows each development team to independently submit updates, additions, and changes to an existing operational system. MicroStrategy’s Object Manager system uses the new update packages to incrementally install each team’s updates and reconcile all overlaps or conflicts that might arise.

Distributed Administration:
A new administrative capability in MicroStrategy 9 allows the subsetting of administrative duties and the distribution of administrative responsibilities to business units and departments. This capability will allow central IT groups to relinquish routine administrative duties, such as user administration, project administration, and user security administration, to individuals within the departments or business units who can be more responsive to their business user constituencies.

“The improved administrative features in MicroStrategy 9 should allow us to reduce significantly the time it takes to move deliverables from one environment into another,” said David Egan, Senior Group Manager at Idearc Media. “This will help us to improve even further our Total Cost of Ownership and speed our delivery efforts.”

MicroStrategy 9 Enables Departmental BI

MicroStrategy 9 includes significant architectural components and features that allow it to efficiently support the specific needs of smaller-scale BI systems for departments and workgroups.

Setting Up a New Departmental BI Environment Quickly, with Little or No IT Support
The biggest hurdle in typical BI installations is staging the data so that users can begin assembling reports and dashboards. Data staging requires significant effort and entails designing the business intelligence data model, finding the data sources, reconciling data discrepancies, and building the extract, transform, load (ETL) routines that periodically refresh the business intelligence database with the latest information. Data staging takes time and requires engineering expertise that rarely exists within business departments or workgroups. MicroStrategy 9 includes several features that enable business departments to quickly set up a BI environment and develop BI applications with little or no IT support.

Multi-source ROLAP:
With MicroStrategy 9, organizations can access and combine data from data marts, operational systems, and Excel spreadsheets using a new capability called “Multi-source ROLAP.” Multi-source ROLAP eliminates the requirement to move data from multiple source databases into a purpose-built data warehouse or data mart. Instead, Multi-source ROLAP allows companies to access the data directly from where it resides, with no special data engineering or data movement. This radically reduces the time to set up the BI environment and lowers the technical expertise required.

In-memory ROLAP:
In-memory ROLAP includes a database that can serve data to reports, dashboards, and OLAP analyses. Building an In-memory database requires no special set up and no data modeling. MicroStrategy 9 automatically designs and configures the in-memory database based on the relationships between the attributes and metrics specified by the business user. The in-memory database technology operates in the computer server’s main memory for high-speed performance, but is also stored on disk for greater permanence and offers the ability to swap in and out of memory based on usage.

Simplified Extract and Load Capability:
MicroStrategy 9 supports a simplified extract and load capability to periodically repopulate the in-memory database with the latest information from the source system databases. Using MicroStrategy’s out-of-the-box query engines and scheduling systems, departments can schedule data extractions from relational databases, Excel workbooks, flat files, and multi-dimensional databases, including Microsoft Analysis Services and Hyperion/Oracle Essbase. When combined with the MicroStrategy 9 Multi-source ROLAP capability, the query system can even join data across multiple relational databases and Excel to populate the in-memory database.

Rapid Metadata Creation:
MicroStrategy 9 offers multiple features that enable the rapid creation of BI metadata. MicroStrategy’s new “Graphical Architect” makes it possible for non-IT people to select one or more source databases, identify the tables and columns desired, load them into the BI system, and transform them into business-oriented definitions that business people can understand and use to assemble into reports and dashboards. Graphical Architect also includes a series of smart assistants to help streamline the process, including auto-recognizing attributes and metrics and auto-recognizing the same data in multiple databases.

Providing Business Users with Self-service Capabilities to Access Information Easily and Quickly

Rapid Report Design by Business Users:
MicroStrategy 9 offers multiple new features that make assembling reports simpler and faster, and easily within reach of business users’ skills. These features include a simplified mechanism to browse through available dimensions, attributes, and metrics; drop zones that provide visual cues to users as to where to drag-n-drop these building blocks; and a formatting control for report formatting that is intuitive to Microsoft Office users. With MicroStrategy 9, business users have the ability to interactively build graph-style reports with dozens of visualization options. To enhance usability, MicroStrategy 9 includes a redesigned Web user interface that adopts many familiar Microsoft paradigms, including ribbon toolbars, accordion controls, control-click multi-select capability, and context-sensitive right-click actions.

Users Can See New Combinations of Data, Without Any Report Design:
Because of its ROLAP architecture, one of MicroStrategy’s long-standing strengths is the ability of business users to freely investigate the data or “surf” through the data warehouse without having to design a new report for each new combination of data they want to see. MicroStrategy 9 now lets users perform OLAP manipulations such as pivoting and drilling directly on graphs. Another major innovation in MicroStrategy 9 is the ability to perform OLAP manipulations directly on grids and graphs contained within dashboards.

User-controlled Report and Dashboard Distribution:
MicroStrategy 9 gives users greater control of report and dashboard distribution with its new Distribution Services product. Users can set up report distributions for themselves or for other users, sending reports via e-mail, networked printers, or directly to recipients’ computers or servers. Business users are empowered to create and manage their own information subscriptions, without the intervention of a centralized IT administrator. In addition, business users can set up their own personal alerts with data thresholds, which if exceeded, will automatically trigger an alert-based distribution to manage information flows only when the data merits attention.

Rapid Dashboard Creation:
Business users can quickly create their own dashboards using new features in MicroStrategy 9, including out-of-the-box dashboard templates, support for custom-designed templates, and support for importing dashboard design from other projects. Additionally, MicroStrategy 9 introduces a set of on-screen design assistants that help guide user design, including a smart-placement assistant that automatically sizes and aligns dashboard elements, new visual cues that help users add new analytics, new data sets, new tabs without going to menus, and a new dashboard map that helps users see all of the items on a dashboard and switch between them quickly during design.

“We were amazed at how much information we could consolidate into one of MicroStrategy’s new dashboards,” said Prashanth Narella, Engineering Manager, Data Services at Yahoo! Inc. “Every day, our executives rely on our information dashboards for a snapshot of our business performance.”

“Today, organizations need a business intelligence solution that can support user self-sufficiency and can respond more quickly and effectively to local business needs,” said Wayne Eckerson, Director of TDWI Research at The Data Warehousing Institute. “MicroStrategy 9 provides end users with more control over the analysis and reports they create and helps them to be more self-sufficient, require far less IT support, and quickly adapt to changing business requirements.”

MicroStrategy 9 Allows Enterprises to Seamlessly Combine Departmental Islands of BI into a Larger, Enterprise-wide BI System

Organizations have a mix of workgroup, departmental, and enterprise BI systems, and thus face the problem of having multiple ‘versions of the truth’ across these BI islands that can undermine the credibility of its BI systems. The solution is to merge the islands of BI into a more cohesive, enterprise-wide BI system gradually and incrementally. MicroStrategy 9 was designed specifically to enable a seamless merger of independent islands of MicroStrategy BI into a larger, more expansive enterprise BI system.

Multi-source ROLAP:
Using Multi-source ROLAP, metadata and reports from departmental BI islands can be merged into enterprise BI metadata, while still providing access to the original data source. This first step is simple because it does not require the movement of data from departmental data sources to the enterprise data warehouse, but it starts the process of consolidating the BI servers and metadata. The multi-source capability allows the previously-distinct metadata definitions to be merged gradually into a single cohesive metadata.

MicroStrategy Graphical Architect:
Graphical Architect, available in MicroStrategy 9, allows companies to take the second major step in merging islands of BI by gradually moving the data from the disparate databases into fewer higher-performance data warehouses and data marts. Graphical Architect allows companies to “re-point” the metadata to access the data at its new location, and all of the reports, dashboards, and OLAP analyses automatically will begin using the new data location, with no disruption to reports or redesign required.

“Organizations need to gradually and incrementally consolidate their departmental and workgroup islands of BI into a cohesive enterprise framework that ensures a single version of the truth and low cost of operation,” said Mark Smith, CEO & EVP Research of Ventana Research. “MicroStrategy is directly addressing this challenge with MicroStrategy 9, which contains an In-memory BI and Multi-source BI capability that will make MicroStrategy’s enterprise-caliber technology equally suitable for workgroup BI and departmental BI. MicroStrategy’s new platform includes capabilities that allow consolidation and transformation of departmental and workgroup islands of BI without having to redo reports or dashboards as consolidation takes place.”

For more information on MicroStrategy 9, visit www.microstrategy.com/9info. Additionally, MicroStrategy is planning a series of events in more than 20 locations, featuring demonstrations and insights into the new products and platform enhancements of MicroStrategy 9. To learn more about these events, visit www.microstrategy.com/9roadshow.

This press release may include statements that may constitute “forward-looking statements,” including 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 effect a timely general release of the MicroStrategy 9 software; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 9 software on a timely basis; 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, including significant downturns in industries, including the financial services and retail industries, in which we have a significant number of customers; 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, Pixel Perfect, MicroStrategy Business Intelligence Platform, MicroStrategy 9, MicroStrategy Dynamic Enterprise Dashboards 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

Tags: MicroStrategy

Information Builders Partners With Tagetik to Deliver Corporate Performance Management Solution

Jan 08, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Combination of Operational BI and CPM Provides the Only Fully Integrated, Real-Time Reporting, Planning, and Forecasting Solution

NEW YORK, NY (January 08, 2009) –

Information Builders, the independent leader in operational business intelligence (BI) systems, today announced the availability of a corporate performance management (CPM) solution for enhanced measurement, planning, and reporting. Information Builders developed the single-platform solution with Tagetik, a global provider of CPM and financial governance solutions, to deliver the most sophisticated, enterprise-wide system available today to help enterprises accelerate and improve corporate and operational decision-making.

Information Builders partnered with Tagetik because of its comprehensive understanding of CPM, its extensive built-in functionality, and rapid integration into the WebFOCUS Performance Management Framework (PMF). Customers will benefit from the single architecture of the solution, making it easy to deploy, manage, and use. The combination of Tagetik’s executive-level reporting and Information Builders’ enterprise BI capabilities means financial services firms will have a single solution to enhance their financial reporting, planning, forecasting, and corporate governance.

Pierluigi Pierallini, CEO, Tagetik, said, “The combination of Information Builders’ WebFOCUS Performance Management Framework and Tagetik’s CPM provides users with operational performance indicators with advanced planning and forecasting capabilities in one easy-to-deploy, -manage, and -use solution. The solution automatically updates the financial position of the business with real-time data so that executives and managers can report, plan, and forecast more accurately. We are excited by this partnership and believe it offers customers the best solution available today.”

Gerald Cohen, CEO, Information Builders, said, “Customers often require two solutions, an executive dashboard and an operational system to manage their performance management requirements. The partnership between Information Builders and Tagetik is bringing together two independent, best-in-class vendors to solve a major challenge for many financial services firms. In today’s economic climate, the need to plan, forecast, and report more accurately for better decision-making has never been more acute, and our combined offering is the optimal solution.”

The partnership is a worldwide strategic initiative for both companies. Information Builders and Tagetik will conduct training and joint sales and marketing initiatives in North America, EMEA and Asia-Pac. While initially developed for the financial services industry, Information Builders and Tagetik are now investigating opportunities to establish other industry-specific solutions.
About Tagetik

Tagetik helps CFOs and CIOs simplify complex business processes.
A complete financial closed-loop software for Performance Management and Financial Governance that unifies key processes and applications – ranging from planning & consolidation to strategy management, profitability modeling, statement reporting, working capital analysis and ICT performance management – thanks to “built-in” processes, applications and reconciliations.

Tagetik CPM is a reliable and scalable solution to manage and control overall performance, support compliance initiatives, harmonize different views of critical financial data and enable maximum visibility down to business transactions. Since the software leverages best-of-breed, web-based and cross-platform technology, IT departments can future-proof their existing ERP, BI and infrastructure investments for up to 50 percent reduction of the total cost of ownership (TCO).

Tagetik employs over 300 experts in Italy and abroad with offices in United States, France, Austria, Germany, Portugal, Spain, South East Asia, Switzerland, The Netherlands, UK & Ireland. Tagetik shares their successful strategy with worldwide and local partnerships and over 350 worldwide satisfied customers representing all industries including Unicredit Group, Telecom Italia, Mediaset, Barilla, De Agostini, Gucci, Fininvest, BNL, Altair Engineering, Houghton Mifflin Harcourt, Bank Austria, Banco Privado Portugues, Talanx AG, Nationale Suisse, Menarini Group, Volex Group, M+W Zander IFIL, Aries Complex, Astaldi, Acea, SDA Express Courier, Yamaha Motor Italia, Techint, Milan AC, RAI, Costa Crociere.
About Information Builders

As a leading independent business intelligence (BI) company for the past 30 years, Information Builders has provided innovative solutions to more than 12,000 customers, including most of the Fortune 100 and numerous U.S. federal government agencies. The company’s flagship WebFOCUS product is the world’s most widely used BI platform. Superior architecture and intuitive nature enables WebFOCUS to address the needs of everyone in the extended global enterprise – executive, analytical, operational, and beyond. It provides the agility to adapt to changing business conditions with the security, scalability, and flexibility to support dozens to millions of users.

Unique to the company is the integration expertise it brings to the BI market. Information Builders iWay Software suite solves complex integration problems with pre-built components that require minimal custom programming. The award-winning combination of WebFOCUS and iWay gives Information Builders customers the ability to embrace the company motto: “Everyone Makes Decisions.”

Information Builders is committed to customer service excellence with a Professional Services division that specializes in building custom applications using WebFOCUS and iWay Software. Headquartered in New York City with 90 offices worldwide, the company employs 1,450 people and has more than 350 business partners.

Source: Information Builders

Tags: Information Builders

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