PricewaterhouseCoopers, the world's largest professional services organization, and Informatica, provider of e-business analytic software, have announced a strategic alliance to develop, sell and support end-to-end analytic solutions for the rapidly expanding business-to-business (B2B) e-commerce market worldwide.
Through the alliance, PricewaterhouseCoopers and Informatica will deliver an array of software and professional services to help global e-businesses evaluate their performance and make better-informed decisions.
In the terms of the agreement, PricewaterhouseCoopers will receive a $30 million equity stake in Informatica in exchange for transferring ownership of intellectual property, personnel and other assets to Informatica. More than 300 of PricewaterhouseCoopers’ consultants will be trained on Informatica Applications
“One of the most challenging problems faced when building an e-business is how to integrate and analyze customer, partner and supplier information across multiple channels. This is key to achieving optimal business performance,” said Mike Schroeck, managing partner of PricewaterhouseCoopers' Global Data Warehousing practice.
According to Forrester Research, B2B e-business is projected to be a $1.7 trillion market by 2003. This market is expected to expand substantially in the next few years as large corporations capitalize on the expansion of distribution channels via the web and realize cost savings.
“This is a very significant collaboration for Informatica that delivers a clear ‘go to’ message to the market. As companies continue to reengineer their value chains to the demands of e-business, we believe that key relationships with customers, partners and suppliers will become increasingly critical,” said Gaurav Dhillon, CEO of Informatica. “Supported by professional services and vertical-market experience from PricewaterhouseCoopers, Informatica's enhanced family of analytic applications will offer companies a powerful solution for integrating and analyzing information from across their enterprise in order to gain valuable insight across the e-business value chain.”
Many of the world's largest companies rely on Informatica to integrate data from systems across their extended enterprises for analysis in order to grow their business. Informatica currently maintains 640 customers across all industries, including barnes&noble.com, eBay, Netscape, Cnet, Inktomi, Preview Travel, Priceline.com, Merrill Lynch, 3Com, Autodesk, Chevron, Met Life, Mutual of Omaha, Sprint, MCI WorldCom, Deutsche Bank, UBS, Zurich Insurance and Polo Ralph Lauren.
Drawing on the talents of more than 150,000 people in 150 countries, PricewaterhouseCoopers provides a full range of business advisory services to leading global, national and local companies and to public institutions.