ParAccel announced that they have extended their strategic partnership. The alliance builds upon a recent announcement that ParAccel's analytic acceleration technology will be a core component of MicroStrategy's social media analytics applications as well as a high performance option for MicroStrategy Cloud customers. To support these applications, ParAccel has invested dedicated resources, provided comprehensive access to its software, and committed to delivering specific product enhancements that will optimize the integration of ParAccel's analytic engine with MicroStrategy's products and offerings.

"ParAccel's analytic engines are ideally suited to power MicroStrategy social, mobile, and business intelligence applications," said Michael J. Saylor, chairman and CEO of MicroStrategy. "Working with ParAccel, MicroStrategy is committed to delivering critical new services like MicroStrategy Cloud and Gateway for Facebook that empower companies to tap into enterprise and social networking data to improve insight and business decision making."

ParAccel, the leading analytics platform, is designed specifically for accelerating complex analytics on extremely large and diverse sets of data. MicroStrategy has installed ParAccel in its High Performance and Scalability Lab to perform testing and to better support joint customers.

"ParAccel and MicroStrategy provide innovative solutions where big data and analytics are a significant source of enduring competitive advantage," commented Chuck Berger, CEO at ParAccel. "We're excited about this strategic partnership with MicroStrategy and the opportunity to accelerate analytics with enterprise customers. Our joint work on MicroStrategy Cloud and Gateway for Facebook is the first of what we anticipate will be many key initiatives that will deliver strategic solutions for the customers of both companies."