MicroStrategy Names MCI WorldCom's Vice Chairman John Sidgmore To its Board of Directors
VIENNA, Va., Feb. 24 -- MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of Intelligent E-Business(TM) software, today announced that John Sidgmore has joined its Board of Directors. Mr. Sidgmore currently serves as vice chairman of MCI WorldCom.
"We are delighted to have one of the most successful Internet pioneers join MicroStrategy's Board of Directors," said Michael J. Saylor, president and CEO of MicroStrategy Incorporated.
"I am excited to be joining the board of such a dynamic organization," said Mr. Sidgmore. "MicroStrategy is working to develop the e-business infrastructure of the future. MicroStrategy's technology platform is enabling a new class of wireless data and voice e-business applications. It is now possible for an Internet company to reach out via wireless and voice networks and serve the customer proactively."
Mr. Sidgmore has a demonstrated history of success in managing and running Internet companies. In 1994, he joined UUNET Technologies as president and Chief Executive Officer. Since that time, UUNET, which is now an MCI WorldCom Company, has become the world's largest Internet Access provider with more than 70,000 business customers and 7,000 employees worldwide. Under Mr. Sidgmore's leadership, UUNET grew from $6 million in revenue in 1994 to over $4 billion today. Mr. Sidgmore was instrumental in UUNET's $2 billion merger with MFS Communications Company, and became president of the combined companies in August of 1996. With the subsequent $14 billion merger between MFS and WorldCom, Inc., he became vice chairman and chief operating officer of WorldCom.
Mr. Sidgmore formerly served as president and CEO of CSC Intelicom (formerly Intelicom Solutions) beginning in 1989. Mr. Sidgmore sold Intelicom Solutions Corporation to Computer Sciences Corporation in 1991 and remained as CEO of CSC Intelicom until June 1994. For fourteen years prior to his association with CSC Intelicom, Mr. Sidgmore served as Vice President and General Manager of GEIS North America, a division of General Electric Information Services (GEISCO). Mr. Sidgmore received his B.A. in Economics from the State University of New York in 1973.
Strategy.com(TM) is the Personal Intelligence Network(TM) from MicroStrategy(R) Incorporated. Through a number of leading companies, Strategy.com delivers personalized, timely information to consumers via web, wireless and voice. Strategy.com has more than 250,000 subscribers and over 75 affiliates, including Wall Street Journal Interactive, EarthLink, Ameritrade, Belo, Metrocall, USATODAY.com, Primark, WashingtonPost.com, and Nasdaq.
About MicroStrategy Incorporated
MicroStrategy is a leading worldwide provider of Intelligent E-Business(TM) software and related services. MicroStrategy's technology platform is creating a new generation of one-to-one e-business solutions that enable Global 2000 organizations to build personal relationships with their partners, supply-chains, and customers. MicroStrategy delivers these solutions via web, wireless, and voice. In addition to its sophisticated technology, MicroStrategy also offers a comprehensive set of consulting, training and support services for its customers and partners. MicroStrategy has approximately 900 customers across such diverse industries as retail, finance, telecommunications, dot-com, insurance, healthcare, pharmaceuticals and consumer packaged goods. MicroStrategy also has entered into relationships with more than 225 systems integrators, application development and platform partners.
For more information, please visit MicroStrategy's Web site: http://www.microstrategy.com.
MicroStrategy, Strategy.com, Intelligent E-Business, and Personal Intelligence Network 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.
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include 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.
SOURCE MicroStrategy Incorporated
CONTACT: Mark Lynch of MicroStrategy Incorporated, 703-848-8600 or firstname.lastname@example.org/