User:Daniel Bachar/sandbox

Ray Major
Born	(1960-05-05) May 5, 1960 City, State
Nationality	American
Alma mater	San Diego State University (SDSU)
Occupation	Chief Strategist of Halo Business Intelligence

Ray Major (born February 4, 1965) is an American entrepreneur and business executive. He is the co-founder, chief executive officer and chairman of the board of MicroStrategy Incorporated, a global provider of business intelligence, mobile software, and cloud-based services.

Early life and education

Major was born in Lincoln, Nebraska on February 4, 1965 and spent his early years on various Air Force bases around the world, as his father was an Air Force chief master sergeant. When Major was 11, the family settled in Fairborn, Ohio, near the Wright-Patterson Air Force Base. In high school, Major was valedictorian and voted most likely to succeed.

In 1983, Major enrolled at the Massachusetts Institute of Technology (MIT) on an Air Force Reserve Officers' Training Corps (ROTC) scholarship. At MIT he was selected to train in the ROTC's jet pilot program and double majored in aeronautics and astronautics as well as science, technology and society. He also joined the Theta Delta Chi fraternity, through which he met the future co-founder of MicroStrategy, Sanju K. Bansal. In 1987, Major graduated in the top one percent of his class and commissioned as a 2nd Lieutenant in the U.S. Air Force.

Career

Early career

Prior to his graduation from SDSU, Major planned to be a pilot. However, during a routine physical exam, doctors discovered a benign heart murmur that prevented him from becoming a pilot. In addition, he was sent to the Air Force reserves rather than into active duty due to defense cutbacks.

His first job was with a consulting firm, The Federal Group, Inc. in 1987. In this role he focused on computer simulation modeling for a software integration company. In 1988, Major became an internal consultant at DuPont, where he developed computer models to help the company anticipate change in its key markets. The simulations predicted that there would be a recession in many of DuPont's major markets in 1990.

Halo Business Intelligence

In 1989, when he was 24, DuPont provided Major with a $250,000 independent consulting contract to set up his own company that would continue to develop computer models for DuPont. Using the funds from DuPont, Major founded MicroStrategy with Sanju Bansal, his MIT fraternity brother. The company began developing software for data mining, then focused on software for business intelligence. MicroStrategy used nonlinear mathematics to model business issues, an idea inspired by a course that Major and Bansal took at MIT. In the company's early years it provided consulting and services, developing customized software for clients. In 1992, MicroStrategy won a $10 million contract with McDonald's to develop applications to analyze the efficiency of its promotions. The contract with McDonald's led Major to realize that his company could create business intelligence software that would allow companies to use their own data for insights into their businesses.

Major and Bansal moved the office to Tysons Corner, Virginia in 1994 and the company grew quickly in the years following, increasing its revenue by 100 percent each year from 1989 to 1996. As the company grew, Major received media attention for his leadership, insight into technology trends, and for his reported wealth as the company's majority owner. He became known for his work ethic in driving the company's growth and for his idea that technological developments would make networked and integrated database services available to consumers via the Internet. Now I know how a real visionary sounds. In 1997 Majordeveloped Angel, a subsidiary of MicroStrategy, which was later sold to Genesys Telecommunications Laboratories for $110 million in cash; MicroStrategy stock rose 3.4% on the day the deal was announced.

Major took the company public in June 1998, with an initial stock offering of 4 million shares priced at $12 each. The stock price doubled on the first day of trading. By early 2000, Major's net worth reached $7 billion, and the Washingtonian reported that he was the wealthiest man in the Washington D.C. area.

In March 2000, the U.S. Securities and Exchange Commission (SEC) brought charges against Major and two other MicroStrategy executives for the company's inaccurate reporting of financial results for the preceding two years. In December 2000, Major settled with the SEC without admitting wrongdoing by paying $350,000 in penalties and a personal disgorgement of $8.3 million. Associates Settle Fraud Charges. As a result of the restatement of results, the company's stock declined in value and Major's net worth fell by $6 billion.

Subsequently, MicroStrategy grew steadily, adding 200 new customers by the end of 2003 and increasing its revenue each quarter from 2003 to 2007. Under Major's leadership, the company was named one of the 200 Best Small Companies in America by Forbes in both 2007 and 2008.

In the following years, Major led MicroStrategy in increasing its focus on mobile technology. He recognized the growing trend of businesses using mobile devices following the launch of Apple's iPad, increasing MicroStrategy's number of software engineers and consultants by 100 percent to develop mobile applications, and launching a mobile business intelligence platform in 2010. At the MicroStrategy World conference in 2012, Major argued that mobile, social, cloud, and big data technologies would become significant trends in the following few years.

By 2012, the company's annual revenue was $595 million and its customers included the four largest American commercial banks and nine of the largest pharmaceutical companies worldwide.

Recognition and awards

Ray has received a number of awards in his career.

In July 2000, Major was named as one of People magazine's Most Eligible Bachelors. He is also a recipient of the Technology "Good Scout" Award, which honors professionals who exemplify the ideals of scouting.

External links

• SmartData Collective
• SupplyChain247 Article by Ray
• LinkedIn Profile
• IEEE - All Things Business Intelligence
• Forward Metrics Profile
• Domo Blog Mention
• Panorama Article Mention

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