PricewaterhouseCoopers Takes Stake In Web Development Firm - InformationWeek

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PricewaterhouseCoopers Takes Stake In Web Development Firm

In another step to cater to the E-business market, PricewaterhouseCoopers today acquired a 50% interest in Evisor, a Belgium company that specializes in the development and implementation of Web sites and Web-based business applications.

"We've noticed that our clients are buying services from two or three consulting firms as they initiate their E-businesses," says Andy Zimmerman, global E-business leader in PricewaterhouseCoopers' management-consulting-services practice. These fledgling E-businesses want the best of both worlds--a small, boutique-style software developer to design E-business applications and a large, reputable services firm like PricewaterhouseCoopers to act as the systems integrator.

These clients also want to develop their E-business initiatives using a single source and prefer to work with two companies that have equity in their relationship, rather than a paper partnership, Zimmerman says. Following this theory, PricewaterhouseCoopers plans to make investments in six more Web-design and Web-development companies early next year.

PricewaterhouseCoopers' investment in Evisor follows the acquisition earlier this month of Studio Interactive, a Dallas provider of multimedia solutions specializing in Web-site design and development, and October's acquisition of 12% of methodfive, a New York professional services firm specializing in the creation, support, and expansion of Web initiatives.

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