Saturday, November 28, 2009

MicroStrategy Celebrates 20th Anniversary

Earlier this month, Matthew Ipri, MicroStrategy's Director of Marketing for the Americas, shared with me an e-mail from Sanju Bansal, MicroStrategy's COO, which coincided with their 20 year anniversary.

On 30 October 2009, Sanju wrote:
I’m delighted our quarterly revenues exceeded $100 million for the first time in our company’s history. This is a great accomplishment achieved through long-term commitment to delivering premium BI technology and service to our customers. Here’s the earnings.

This afternoon, InformationWeek and The Wall Street Journal both published positive online articles regarding our quarterly financials:

InformationWeek
The Wall Street Journal


Compare this year's Q3 performance with last year's and you will see a 39% increase in product license revenues, proving that companies are buying MicroStrategy's software.  In his e-mail, Sanju listed several factors leading to this success:
  • Prospects increasingly believe that MicroStrategy 9 is the best BI platform in the market today
  • We continue to augment our customer portfolio with industry-leaders. New customers this year include Facebook, Tesco Group, Honda Europe, SUBWAY® restaurant chain, Société Générale, Dean Foods Company, U.S. Department of Energy, and Toshiba Europe, just to name a few
  • As current customers expand their BI deployments, they are choosing MicroStrategy for their growing requirements
  • Influential industry analysts such as Gartner are proactively recommending MicroStrategy technology to their clients
  • Innovative offerings, such as the MicroStrategy Reporting Suite, are enabling us to penetrate new markets





Sanju also credited favorable analysis reviews from Gartner and offered a link to a report on MicroStrategy's website.  The document offers a strength, weakness, opportunity, and threat (SWOT) framework for assessing the MicroStrategy 9 BI Platform and related offerings.  Sanju said:
In short, Gartner addresses some of the strengths of our company, including:   
  • The impressive features and performance of MicroStrategy 9
  • Our world-class customer base (many with enterprise-wide BI deployments) and the high number of customers that choose MicroStrategy as their BI standard
  • MicroStrategy’s low total cost of ownership, thanks to our well-integrated platform
  • The high level of support that we provide to our customers

Congratulations to MicroStrategy on their 20th year anniversary and for their success in 2009.

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About Me

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I am a project-based consultant, helping data-intensive firms use agile methods and automation tools to replace legacy reporting and bring in modern BI/Analytics to leverage Social, Cloud, Mobile, Big Data, Visualizations, and Predictive Analytics. For several world-class vendors, I led services teams specializing in providing software implementation and custom application development. Based on scores of successful engagements, I have assembled proven methodologies and automated software tools.

During twenty years of technical consulting, I have been blessed to work with smart people from some of the world's most respected organizations, including: FedEx, Procter & Gamble, Nationwide, The Wendy's Company, The Kroger Co., JPMorgan Chase, MasterCard, Bank of America Merrill Lynch, Siemens, American Express, and others.

I was educated at Valparaiso University and the University of Cincinnati, graduating summa cum laude. In 1990, I joined Information Builders, the vendor of WebFOCUS BI and iWay enterprise integration products, and for over a dozen years served in branch leadership roles. For several years, I also led technical teams within Cincom Systems' ERP software product group and the custom software services arm of Xerox.

Since 2007, I have provided enterprise BI services such as: strategic advice; architecture, design, and software application development of intelligence systems (interactive dashboards and mobile); data warehousing; and automated modernization of legacy reporting.