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MicroStrategy Incorporated renews headquarters lease, plans capital projects and 300 new jobs

Governor Ralph Northam announced today, March 12, that MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of enterprise analytics and mobility software, has renewed its headquarters lease at 1850 Towers Crescent Plaza in Fairfax County and plans to invest $6 million in capital improvements.

Virginia successfully competed against Washington, D.C. for the project, which retains over 800 existing jobs and involves plans for an additional 300 jobs.

A pioneer in the business intelligence (BI) and analytics space, MicroStrategy delivers innovative software that empowers people to make better decisions and transform the way they do business.  With more than 4,000 customers across all major industries, MicroStrategy provides enterprises with world-class software and expert services so they can deploy unique intelligence applications.

“With more than half of all Virginians employed in the technology sector, MicroStrategy is in the best state in the nation for high-tech companies, and we applaud the company’s decision to remain in Fairfax County,” Esther Lee, Secretary of Commerce and Trade, was quoted as saying in a news release. “This important win is a testament to the Commonwealth’s ability to compete for major projects and retain cutting-edge companies. We look forward to another 30 years of success with MicroStrategy.”

Michael J. Saylor, CEO, MicroStrategy Incorporated, was quoted in the news release as saying, “While we are a leading BI software company with staff deployed around the world, having our headquarters in Tysons, Virginia has given us quick access to stellar businesses and federal organizations in the region, many of whom are MicroStrategy customers. We are delighted to be part of this dynamic and growing local community.”

The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to secure the project for Virginia. Former Governor McAuliffe approved a $1-million grant from the Commonwealth’s Opportunity Fund to assist the County with the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

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