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ITWorx Signs Global Consulting Agreement with MicroStrategy

MCLEAN, Va., June 18 /PRNewswire-FirstCall/ -- MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that ITWorx has signed a global consulting agreement with MicroStrategy. ITWorx, the largest professional services firm headquartered in Egypt, offers Portals, Business Intelligence, SOA, and Application Development Outsourcing services to Global 2000 companies.

MCLEAN, Va., June 18 /PRNewswire-FirstCall/ — MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that ITWorx has signed a global consulting agreement with MicroStrategy. ITWorx, the largest professional services firm headquartered in Egypt, offers Portals, Business Intelligence, SOA, and Application Development Outsourcing services to Global 2000 companies.

Under the new agreement, ITWorx plans to train and certify its consultants on the MicroStrategy Business Intelligence Platform(TM). The agreement will enable ITWorx to use MicroStrategy software for development and demonstration purposes, and to promote MicroStrategy-based solutions to its enterprise customers. ITWorx, which operates in the Middle East, North America, and Europe, delivers solutions to financial service firms, telecommunications operators, educational institutions, and ISVs.

"MicroStrategy is a leader in the business intelligence arena and we are pleased to introduce the benefits of MicroStrategy's proven solutions to our customers," said Hafez Hamdy, Marketing Director, ITWorx. "MicroStrategy's integrated BI platform and wide range of reporting and analytical capabilities are well-suited for our enterprise customers, who are continually seeking to gain greater business insights from their large volumes of data."

"We are delighted to add ITWorx to our portfolio of global services partners," said Sanju Bansal, MicroStrategy's COO. "This agreement will extend our global reach and we look forward to identifying new business opportunities with ITWorx."

About ITWorx

ITWorx is the largest software professional services firm in Egypt. The company offers Portals, Business Intelligence, SOA and Application Development Outsourcing services to Global 2000 companies. ITWorx serves Financial Service firms, Educational institutions, Telecommunication operators and ISVs in North America, Europe and the Middle East. For further information please visit www.itworx.com.

About MicroStrategy

Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (Nasdaq: MSTR) is available at www.microstrategy.com.

MicroStrategy and MicroStrategy Business Intelligence 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.

Contact: Wende Cover MicroStrategy Incorporated 703-770-1646 wcover@microstrategy.com

SOURCE MicroStrategy Incorporated

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