1,000 Employees Will Assess Sales & Marketing Operations
McLean, Va., (August 18, 2003) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Shaw Industries, Inc. has selected the MicroStrategy Business Intelligence Platform(TM) as its enterprise-wide reporting standard. Shaw Industries, a subsidiary of Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B), is the world’s largest manufacturer of carpeting.
“After an in-depth evaluation of many of the competing products in the industry, we selected the MicroStrategy platform for its flexible, user-friendly reporting features, its enterprise scalability and superior analytical capabilities,” said Jim McCormick, Director of Sales Administration & Market Research, Shaw Industries, Inc. “With the MicroStrategy platform, we’re able to anchor applications that help us gain better insight into our sales and marketing operations to enhance efficiency and improve productivity.”
Approximately 1,000 Shaw employees, including sales, marketing and accounting personnel, will perform reporting and analyses of sales and marketing information against a Teradata® data warehouse. The company will also be able to more effectively monitor and manage inventory levels in order to improve product sales and profitability.
“Shaw Industries’ adoption of MicroStrategy is another example of how critical business intelligence software has become to the success of large corporations,” said MicroStrategy’s COO Sanju K. Bansal. “The MicroStrategy platform is enabling Shaw’s decision makers to gather more timely and accurate information, thus improving marketing and sales operations.”
About Shaw Industries, Inc.
Headquartered in Dalton, Georgia, Shaw Industries, Inc., a subsidiary of Berkshire Hathaway Inc., is the world’s largest manufacturer of carpeting, selling carpeting and rugs for residential and commercial applications throughout the United States and exports to most markets worldwide. For more information, visit www.shawinc.com.
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.
MicroStrategy has over 2,200 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun, and JD Edwards. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at 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; 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 is a registered trademark 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy