November 29, 2004
Netezza and MicroStrategy Offer Complete Foundation for Business Intelligence; Netezza Now Fully Certified and Supported on MicroStrategy 7i Platform
Netezza Corporation and MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced the continued success of their technology alliance. MicroStrategy has strengthened its partnership with Netezza by fully certifying and supporting the Netezza Performance Server(R) (NPS(R)) system on the MicroStrategy 7i platform. Together, Netezza and MicroStrategy now offer joint customers such as Premier Inc. and Shoppers Drug Mart unlimited scalability and performance for reporting and analyzing enterprise-wide data.
"The NPS system provides a powerful engine for accelerating the performance of the MicroStrategy Business Intelligence Platform," said Jeffrey Bedell, CTO, MicroStrategy. "As a result, our mutual customers can more fully leverage the analytical breadth of our platform as the NPS system enables access and analysis of detailed data at speeds not historically achieved in relational OLAP environments."
The alliance between the two companies meets a critical market demand for data-intensive organizations that realize the enterprise-wide implications and strategic necessity of Business Intelligence (BI). The NPS system's power to analyze multi-terabytes of data 10 to 50 times faster than any other data warehouse maximizes MicroStrategy's high-performance BI platform, thereby enabling rapid access to large volumes of strategic business information. The combination of the MicroStrategy and Netezza platforms reduces the complexities associated with developing and maintaining a data warehouse. Customers are able to deploy sophisticated BI applications faster while lowering total costs.
"The NPS system's dramatic performance capabilities and lower total cost of ownership are highly complementary to the proven analytical capabilities of MicroStrategy's Business Intelligence software," said Jit Saxena, co-founder and CEO, Netezza Corp. "Because the NPS system is fully supported and certified on the MicroStrategy 7i platform, our customers can access deeper and richer levels of data to perform extremely complex analyses."
About Netezza Corporation
Netezza is a fast-growing provider of enterprise-class data warehouse appliances that deliver breakthrough performance and ease-of-use at a fraction of the cost of traditional data warehouses. The Netezza Performance Server(R) (NPS(R)) system enables Fortune 1000 customers with terabytes of dynamic, detailed data to dramatically simplify even the most complex Business Intelligence (BI) initiatives. By architecturally integrating database, server and storage within a single appliance, the NPS system delivers 10 to 50 times the performance at half the cost of existing systems. Customers who have recognized the performance benefits of Netezza's approach include AT&T Wireless, CNET Networks, Epsilon, Orange UK, Premier, Inc., Shoppers Drug Mart Corporation and The TJX Companies. Founded in 2000 and based in Framingham, Mass., the Company has raised more than $53M from leading venture capital firms, including Matrix Partners, Charles River Ventures, Battery Ventures, Orange Ventures and Sequoia Capital. For more information, please visit www.netezza.com.
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 2,800 enterprise-class customers, including General Motors, 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, HP, and Teradata, a division of NCR. 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 http://www.microstrategy.com.