MicroStrategy, Sand Enter OEM Agreement

MicroStrategy (News - Alert) Incorporated, a vendor of business intelligence software, reportedly has announced that it’s entered an OEM agreement with Sand Technology, which sells intelligent data management software and best practices.

 

The Sandmen say the company plans to include MicroStrategy software in its data management solutions to provide reporting capabilities to its customers.

 

Sand Technology’s products are geared to helping users “store and retrieve large amounts of granular or historical data in a small footprint” by compressing the data into a searchable data repository.

 

By including MicroStrategy’s business intelligence software, Sand officials believe they can offer a broader product to customers with reporting functionality. Sand customers will have the ability to access MicroStrategy reports.

 

“Our customers rely on Sand Technology for cost-effective data management products for their data,” said Richard Grondin, a vice president at Sand Technology. “MicroStrategy is well-suited for our technology and our customers’ reporting requirements.”

 

In July, Sand Technology reported results for the nine-month period ended April 30, with a net income for the third quarter of fiscal year 2008 of $8,441 on revenues of $1,905,984, compared with a net loss of $753,440 on revenues of $1,559,407 for the

third quarter of fiscal year 2007.

 

“The improvement in our net results in comparison to the same period last year reflects the changes we have made to the company to position it for growth in the years ahead,” said Arthur Ritchie, president and chief executive officer of Sand, adding that the company is “anticipating increased market interest” in their Sand/DNA products, including the new Sand/DNA for SAP (News - Alert) BI offering.

 

Ritchie said the signing of Procter and Gamble for the Sand/DNA for SAP BI product as recent hopeful signs. “We are optimistic that the continued growth of our global partner ecosystem, along with more aggressive marketing efforts, will help us realize our potential,” he said.

 

Late last year, Sand announced that it has entered into a partnership agreement with Inforte, a Business & Decision consulting firm specializing in Business Intelligence and CRM.