January 25, 2001, 2:04 PM — (Reuters) -- E-commerce software technology firm BroadVision Inc. and professional services provider PricewaterhouseCoopers on Wednesday said they formed an expanded alliance offering global e-business technology.
Financial terms of the deal were not disclosed.
Under the venture, the companies are offering customer relationship management, or CRM, tools and services based on BroadVision's e-business software products to clients in the United States and Europe. The new pact aims to expand that reach into Asia and Australia, the companies stated.
Both companies said they have been working for more than a year on more than 20 arrangements, across many industries.
"Our strategic relationship with BroadVision enables us to deliver flexible and innovative CRM solutions that help to significantly increase customer satisfaction and loyalty while driving improved revenue performance," Sam Kapreilian, management consulting services partner in PricewaterhouseCoopers' CRM practice, said in a statement.
Redwood City, Calif.-based BroadVision sells a line of software products that helps companies build Web sites with tailored customer service and e-commerce transactions as well as Web-based content management.
BroadVision shares, which hit a year-high of $93-1/4 in March, were trading up $2-9/16, or about 27 percent, to $12-1/4 in midday-trading on Nasdaq.
BroadVision and shares of its competitors in the business-to-business Internet sector are trading considerably higher following the Federal Reserve board's vote to lower key U.S. interest rates.
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