Microstrategy Selling Angel.com for $110 Million

By Rich Smith – Feb 26, 2013 at 8:17PM

NASDAQ: MSTR

MicroStrategy

Market Cap

$21B

Today's Change

(-5.45%) -$72.97

Current Price

$1,265.67

Price as of April 24, 2024, 4:00 p.m. ET

A match made in heaven.

On Tuesday, data mining company and dot-com-bust survivor MicroStrategy (MSTR -5.45%) announced that it has agreed to sell its Angel.com subsidiary to Genesys Telecommunication Laboratories for $110 million.

Angel.com 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.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.