MicroStrategy to Team with Oracle to help Organizations Enhance Efficiency
Joint Solution to Deliver Cost-effective Business Intelligence Applications
McLean, Va., (November 13, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software and Certified Partner of the Oracle® PartnerNetwork, today announced that it is teaming with Oracle® Corp. (NASDAQ: ORCL) to provide customers with a powerful, cost-effective platform for building enterprise-wide business intelligence applications. The combined solution of the MicroStrategy Business Intelligence Platform(TM) and Oracle9i Real Application Clusters offers a solid foundation for fast performing, reliable business intelligence applications that can help organizations enhance efficiency, productivity and customer relations.
“We are pleased to work with MicroStrategy and provide our customers with its industry-leading business intelligence capabilities through seamless integration,” said Robert Shimp, vice president, Oracle Database Marketing at Oracle Corp. “MicroStrategy’s proven scalability makes it an ideal business intelligence platform for Oracle9i Real Application Clusters customers.”
“The Oracle9i Real Application Clusters environment mirrors MicroStrategy’s fault-tolerant, high-availability architecture,” said Mark LaRow, vice president of products at MicroStrategy Incorporated. “The combination of Oracle9i Real Application Clusters and the MicroStrategy Business Intelligence Platform eliminates single points of failure and provides our Oracle customers with a reliable platform for complex data analysis.”
About Oracle9i Real Application Clusters
Oracle9i Real Application Clusters is Oracle’s next-generation cluster technology, and is the result of more than ten years of development. Based on Oracle’s CacheFusion architecture, Oracle9i Real Application Clusters delivers near-linear scalability and unbreakable reliability for all applications. It also provides transparent application scalability by quickly and efficiently sharing frequently accessed data across all the computers in the cluster.
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.
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.
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; 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
Source: MicroStrategy