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Qwest Communications International Inc. and KPMG LLP areforming Qwest Cyber.Solutions LLC, a joint venture to
provide Internet-based end-to-end application-service-
provider, application-hosting, and application-management
services, including enterprise resource planning, customer
relationship management, and back-office offerings.
The partners will start out with $400 million in current
contracts, providing a base to compete in the global market
for applications management, which analysts estimate will
grow to $25 billion by 2001. The venture is a facilities-
based applications service provider with assets of more than
$120 million and 450 certified applications specialists.
Qwest owns a 51% stake in the venture, with KPMG owning 49%.
Qwest is contributing access to its network and to its Web
hosting centers. Qwest is already partnering with Hewlett-
Packard, SAP AG, and Siebel Systems. KPMG has been striking
relationships with smaller, vertical industry software
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