MicroStrategy to stay in Tysons, add 300 jobs

WASHINGTON — MicroStrategy, one of Northern Virginia’s oldest technology firms, will keep its headquarters in Tysons Corner and add 300 jobs after a new headquarters search that included the possibility of relocating to the District.

The company will get a $1 million grant from the Commonwealth’s Opportunity Fund as part of its decision to stay in Tysons, and receive money and services from the Virginia Jobs Investment Program.

MicroStrategy will also invest $6 million in its existing headquarters operations.

Virginia Gov. Ralph Northam made the announcement Monday at MicroStrategy’s 1850 Towers Crescent Plaza headquarters, where it has been based since 1994.

“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,” said Gerald Gordon, president and CEO of the Fairfax County Economic Development Authority, which worked with the company in getting state incentives.

MicroStrategy cites the proximity of Tysons to the nation’s capital, the Silver Line and the region’s diverse and educated workforce for choosing to remain at its current headquarters.

“Having our headquarters in Tysons Corner has given us quick access to stellar business and federal organizations in the region, many of whom are MicroStrategy customers,” co-founder Michael Saylor said in a statement.

The business intelligence and data analytics firm was founded in 1989 by Massachusetts Institute of Technology alumni Saylor and Sanju Bansal, and was a pioneer in what’s known as data mining.

It now has operations in more than two dozen countries and had $505 million in 2017 revenue. MicroStrategy currently employs 800 in Northern Virginia. It has a total of about 2,200 employees worldwide.

Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.

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