Microstrategy In OEM Deal For Chinese Market
09/02/2003
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software and its Master Distributor in Greater China, FirstBI (China) Limited have signed an OEM agreement with UFsoft Co. Ltd. (Shanghai Stock Exchange code: UFsoft - number code: 600588). As China's largest independent software firm, UFsoft has been devoted to the development, marketing and servicing of enterprise software since 1990.
Under the terms of the agreement, UFsoft will add MicroStrategy's technology and Data Analysis Module to UFsoft's flagship Enterprise Resource Planning (ERP) package to provide Chinese companies with data analysis and reporting capabilities, helping them optimize business operations, enhance efficiencies and improve customer relations. Brett Ho, CEO of UFsoft Co. Ltd. commented, "This OEM agreement commences a new era in China's software industry as business intelligence (BI), reporting, and advanced analytical needs become mainstream and are offered to a new broader segment of the market." He continued, "We are pleased to be working with industry leaders MicroStrategy and FirstBI to significantly advance this industry."
"Our technologies will create a compelling BI solution for small and mid-size Chinese enterprises," notes Dr. Wentoh Liao, Chairman, FirstBI (China) Limited. "This well positions MicroStrategy for new opportunities and leadership in the Chinese market."
"UFsoft, the largest vendor of management software and ERP solutions in China, is being widely used in government, manufacturing, retail and finance industries," said MicroStrategy's COO Sanju K. Bansal. "By leveraging UFsoft's vast customer base, this agreement increases MicroStrategy's reach throughout the Chinese market while helping small and mid-size enterprises to realize significant return-on-investment through increased operational efficiencies."