Fairfax County-based MicroStrategy Plans to Add 300 Jobs and Invest $6 Million in Capital Improvements
March 12 2018 - 02:19PM
Business Wire
Decision by business intelligence pioneer to renew its
headquarters lease will also retain more than 800 existing jobs
Governor Ralph Northam today announced 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.
MicroStrategy has been based in the Tysons Corner area of
Fairfax County since 1994 and is one of the most prominent
headquarters operations in Tysons Corner. 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.
“For more than two decades, MicroStrategy has been one of
Fairfax County’s most dynamic technology-based employers as a
pioneer in the BI and analytics space, so I am delighted to thank
the company for choosing to stay and grow here,” said Gerald L.
Gordon, Ph.D., president and CEO of the Fairfax County Economic
Development Authority (FCEDA). “MicroStrategy is a prime example of
the kind of company that can take advantage of the diversified
technology ecosystem we have developed in Fairfax County and the
tech-savvy workforce here.”
“We have chosen Fairfax County, considered the East Coast center
of technology innovation, for its proximity to the nation’s
capital, a vibrant business community, access to several
international airports and Metro’s Silver Line, and an incredibly
diverse and highly educated workforce,” said Michael J. Saylor,
CEO, MicroStrategy Incorporated. “While we are a leading BI
software company with staff deployed around the world, having our
headquarters in Tysons Corner, 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 FCEDA worked with the Virginia Economic Development
Partnership to secure the project for Virginia. Governor Northam
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.
Fairfax County offers businesses a state-of-the-art
telecommunications infrastructure, access to global markets through
Washington Dulles International Airport, a vibrant investment
capital community and a highly skilled, well-educated
workforce.
The award-winning Fairfax County Economic Development Authority
promotes Fairfax County as a business and technology center. In
addition to its headquarters in Tysons Corner, Fairfax County’s
largest business district, the FCEDA maintains marketing offices in
six important global business centers: Bangalore, Berlin, London,
Los Angeles, Seoul and Tel Aviv. Follow the FCEDA on Facebook,
Twitter and LinkedIn.
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FCEDAAlan Fogg, 703-790-0600 (o)571-213-5065
(m)afogg@fceda.org