Microstrategy Selling for $110 Million

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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.

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Rich Smith

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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Related Tickers

10/9/2015 4:00 PM
MSTR $205.25 Up +5.72 +2.87%
MicroStrategy CAPS Rating: ***