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MicroStrategy Announces First ASP Alliance with Intelligroup
Intelligroup to Deliver MicroStrategy's Powerful Intelligent E-Business™ Solutions to Small and Midsize Businesses
Vienna, VA and Edison, NJ, March 23, 2000 – MicroStrategy Incorporated (NASDAQ: MSTR), a leading worldwide provider of Intelligent E-Business™ software, and Intelligroup, Inc., (NASDAQ: ITIG), a leading global Application Services Provider (ASP), today announced a strategic ASP alliance. Through its innovative ASPPlus offering, Intelligroup will host, implement, manage, and support applications developed on MicroStrategy’s Intelligent E-Business Platform™.
Through Intelligroup’s ASPPlus offering, companies can take advantage of MicroStrategy’s software to change how they run their business and relate to their customers. Using MicroStrategy’s electronic customer relationship management (eCRM) capabilities in combination with its business intelligence offering, companies can analyze customer behavior and gain insight into their preferences. The company is then able to interact with its customers via web, wireless and voice with personalized messages and offers.
“Our strategic alliance with Intelligroup brings MicroStrategy products to an entirely new set of customers, increasing our presence in the small and midsize markets,” said Sanju K. Bansal, chief operating officer of MicroStrategy Incorporated. “ASPPlus gives customers easy access to MicroStrategy products which are customized and hosted by Intelligroup. We are excited about the opportunity to work with a company that has such a strong track record of successfully getting companies up and running with powerful business solutions.”
Intelligroup's ASPPlus offers cost-effective solutions comprised of best-of-breed software that is scalable, optimized, and customized to meet customer needs, no matter what the business size. “Our alliance with MicroStrategy delivers a powerful, fast time-to-market e-business solution to our customers,” said Arjun Valluri, Chairman of the Board and co-CEO of Intelligroup, Inc. “Through ASPPlus, our customers will have access to MicroStrategy’s market-leading platform for understanding and optimizing their business practices. They will be able to use the MicroStrategy platform to touch their customers and supply chain with relevant information via web, wireless and voice.”
As part of the agreement, Intelligroup plans to send more than one hundred employees through the MicroStrategy education program in the next four months to ensure that integration will occur smoothly and quickly. Intelligroup will have the tools necessary to plug MicroStrategy’s software into any business needing a powerful e-business solution.
About MicroStrategy Incorporated
MicroStrategy is a leading worldwide provider of Intelligent E-Business™ software and related services. MicroStrategy’s technology platform is creating a new generation of one-to-one e-business solutions that enable global 2000 organizations to build personal relationships with their partners, supply-chains, and customers. MicroStrategy delivers these solutions via web, wireless, and voice. In addition to its industry leading technology, MicroStrategy also offers a comprehensive set of consulting, training and support services for its customers and partners.
MicroStrategy has approximately 900 customers across such diverse industries as retail, finance, telecommunications, dot-com, insurance, healthcare, pharmaceuticals and consumer packaged goods. MicroStrategy also has entered into relationships with more than 225 systems integrators, application development and platform partners.
For more information, please visit MicroStrategy’s Web site: www.microstrategy.com.
About Intelligroup
Intelligroup, Inc. is a leading global Applications Services Provider that helps companies of all sizes improve their business performance by implementing, optimizing, hosting, and supporting innovative, customized e-commerce and enterprise solutions. Among its portfolio of ASPPlus Solutions is the revolutionary myADVISOR, a personalized, web-based knowledge management support portal that delivers personalized user support for customized e-commerce and enterprise applications.
Intelligroup has been publicly traded on the NASDAQ National Market (ticker ITIG) since September 1996. Visit Intelligroup on the Internet at www.intelligroup.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 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 Strategy.com network on a timely basis; adverse reaction by the Company’s employees, investors, customers, vendors and lenders to the restatement of the Company’s 1999 results or its future prospects; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
MicroStrategy, Intelligent E-Business, Intelligent E-Business 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.