Microstrategy Selling for $110 Million

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

On Tuesday, data mining company and dot-com-bust survivor MicroStrategy (NASDAQ: MSTR  ) announced that it has agreed to sell its subsidiary to Genesys Telecommunication Laboratories for $110 million. is described as "a leading provider of cloud-based customer experience management (CEM) solutions for interactive voice response and contact centers." Privately held Genesys, meanwhile, helps customer call centers field more than 100 million "customer interactions" daily.

Need we even say it? Selling Angel to Genesys sounds like a match made in heaven. Investors certainly think so. MicroStrategy shares were up as much as 5% on the news, finishing the day at $103.18.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2280675, ~/Articles/ArticleHandler.aspx, 9/30/2016 9:44:10 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 28 minutes ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:00 PM
MSTR $167.44 Up +1.70 +1.03%
MicroStrategy CAPS Rating: ***