MicroStrategy Expands Into Markets in Greater China
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the availability of its software and services in greater China through Lan Feng Technologies Ltd., based in the Southern city of Guangdong.
McLean, Va., (November 05, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the availability of its software and services in greater China through Lan Feng Technologies Ltd., based in the Southern city of Guangdong. The company will add MicroStrategy to its offering to provide Chinese companies with data analysis capabilities that help them optimize their business operations, enhance efficiency and improve customer relations.
“We are delighted to offer MicroStrategy business intelligence software and services to our customers and to our partners in China,” said Tammy Tang, President of Lan Feng. “MicroStrategy’s technology will continue to allow us to provide our customers with the powerful analysis and enterprise-wide reporting capabilities needed to facilitate more effective decision-making. MicroStrategy’s increased commitment to this region will ensure that our customers receive the best possible support and services for their business intelligence applications.”
“As information technology becomes more prevalent in the Chinese economy, we expect that local organizations will increasingly turn to business intelligence software to solve business problems,” said Sanju K. Bansal, vice chairman and chief operating officer of MicroStrategy Incorporated. “With Lan Feng’s expertise and reach, MicroStrategy will be able to more effectively meet the fast-growing need for business intelligence in the Chinese markets.”
Bansal also noted that the business intelligence market in China “while small today, is growing at a significant rate of about 30 percent to 40 percent per year,” as the Chinese government has successfully helped create a high-growth business environment which stimulates the demand for business intelligence solutions.
“MicroStrategy and China have a very special relationship,” said Eduardo Sanchez, vice president of worldwide sales and services at MicroStrategy Incorporated. “Many of our elite programmers, software designers and top managers are graduates of Tsinghua University — they are among MicroStrategy’s top performers and serve as a bridge between our country and China. We look forward to working with Lan Feng to continue this relationship and increase our commitment to China.”
About Lan Feng Technologies
Lan Feng Technologies was founded in early 2002 in Guangdong, China, by Tammy Tang, a “returnee Chinese.” The company provides localized MicroStrategy products and solutions to end users in China through a partner network. Lan Feng’s partners are active in the major Greater China sub-markets of South, East, Capital and West-Central China as well as in the territory of Taiwan and the SAR of Hong Kong. The main industries of focus are Finance, Telecom, Retail and Government. Ms. Tang has several years of experience in consulting, business intelligence implementations, management and training.
About MicroStrategy Incorporated
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.
This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; the ability of the Company to enforce its intellectual property rights in China; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
MicroStrategy, MicroStrategy 7, MicroStrategy 7i are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com
July Ma
Lan Feng
marcom@firstbi.com
Source: MicroStrategy