MCLEAN, Va., February 17, 2009 -- MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced the sale of its majority-owned subsidiary, Alarm.com Incorporated, to a consortium of investors led by ABS Capital Partners. Alarm.com is a provider of web-enabled residential and commercial security and activity monitoring technology. As a result of the sale, which was consummated on February 13, 2009, MicroStrategy received $27.7 million in cash in exchange for all of its ownership interest in Alarm.com, subject to customary post-closing adjustments, if any, for the working capital of Alarm.com Incorporated.
About ABS Capital Partners
Founded in 1990, ABS Capital Partners has established a strong track record for investment in later-stage growth companies. With over $1.5 billion raised since inception, ABS Capital helps companies choose the growth initiatives that build the greatest longer-term value. ABS Capital has partnered with numerous portfolio companies to achieve successful outcomes, including over 40 initial public offerings and acquisitions by market leaders like CBS Corporation, EMC Corporation, LabCorp and Pitney Bowes Inc. For more information please visit www.abscapital.com.
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (Nasdaq: MSTR) is available at www.microstrategy.com.
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