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Deloitte Announces Alliance Agreement with MicroStrategy to Deliver Business Intelligence and Analytic Solutions
Mar 10, 2011 (04:03 PM EST)
NEW YORK, March 10, 2011 /PRNewswire/ -- Deloitte today announced it has signed an alliance agreement with MicroStrategy Incorporated (Nasdaq: MSTR) to develop and deliver solutions to help clients improve their information, business intelligence and analytic capabilities.
Under the agreement, Deloitte will combine MicroStrategy's advanced business intelligence (BI) technology with its broad array of consulting, advisory and implementation services to assist their mutual clients in meeting information, business intelligence and analytic needs. The alliance includes collaboration on solution, service and market development, education, training, sales and delivery.
"The increasing emphasis on analytics has significant implications for IT and business leaders," said Lee Dittmar, principal, Deloitte Consulting LLP. "Improving analytic capabilities is becoming recognized as an essential enabler of sustainable success throughout the enterprise in many industry sectors. This new alliance combines Deloitte's information management services with MicroStrategy's software, which is likely to give our clients a significant advantage in accelerating their analytic programs."
The use of information and analytics can be a critical driver of revenue and competitive differentiation. It can assist management in making more effective business decisions, while managing addressing and leveraging information for a strategic business advantage. The need to turn data into insight is driven by demand for performance, better risk management, tougher regulatory enforcement, and exponentially increasing amounts of data to process and analyze. As expectations continue to rise, many leaders are shifting their thinking from a tactical approach for management reporting toward a more strategic approach involving analytics.
"This new alliance brings together a powerful combination of insights, experience, and competencies where clients can better leverage technology to address analytic needs," said Sanju Bansal, MicroStrategy's chief operating officer. "Deloitte and MicroStrategy both recognize that business priorities are increasingly driven by the need for better and earlier insights on markets, customers, suppliers, employees, regulation and risks, and that there is a need for solutions to integrate business, industry and functional capabilities with advanced information management and analytic technologies."
Deloitte is effectively positioned in the information management space with a demonstrated depth and breadth of competencies to help clients deliver on their analytics vision. MicroStrategy's business intelligence software delivers advanced reporting and analysis capabilities across the enterprise.
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 ease-of-use, sophisticated analytics, and superior data and user scalability. MicroStrategy offers free reporting software that can be downloaded from its Website, http://www.microstrategy.com/freereportingsoftware. 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.
As used in this press release, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.