Palo Alto, CA, Nov. 18, 2015 (GLOBE NEWSWIRE) -- PARC, a Xerox company, and Booz Allen Hamilton (“Booz Allen”) (NYSE: BAH) today announced a strategic partnership to provide joint expertise to government sector and market-pacing commercial clients. PARC has more than four decades of experience in creating breakthrough technologies. And for more than 100 years, Booz Allen – a global technology and management consulting firm – has been a leading force in helping clients tackle their toughest mission and business challenges.
“By teaming with strategic partners such as Booz Allen, we continue our work with clients to deploy industry-shifting advancements,” commented Mike Steep, PARC’s SVP of Global Business Operations. “Through a program we call PARC Engage, we help Fortune 500 organizations drive informed decision-making for emerging technology investments. It helps clients envision and create technologically differentiated offerings in partnership with PARC in markets including transportation, Internet of Things (IoT), energy, digital manufacturing, consumer electronics, and others. Our alliance with Booz offers both companies complimentary expertise to drive innovation for our commercial customers.”
“Our partnership with PARC allows Booz Allen to provide our government and commercial clients with unique and direct access to the rapidly advancing Silicon Valley technology frontier, while providing PARC and Booz Allen with exciting new pathways to accelerate the introduction and adoption of innovation across a broader array of markets,” said Michael Farber an Executive Vice President within Booz Allen’s Strategic Innovation Group.
Initial areas of technology collaboration for these two industry leaders include content-centric networking, printed and flexible electronics including distributed sensors, printed battery sensors, and condition-based maintenance. By leveraging their world-class expertise across multiple technologies, PARC provides breakthrough capabilities that very few if any other organizations can deliver. Coupled with Booz Allen’s leading technology, engineering, analytics, cyber security, and business consulting services, solutions, and products, clients will have access to best-in-class solutions and, by extension, will have the ability to approach market challenges through entirely new avenues.
“We are already exploring ways to factor PARC’s research and advances in sensor technology and printed electronics into our IoT, unmanned/autonomous systems and vehicles, and next-generation analytics and cyber security products and platforms,” added Farber.
PARC’s Strategic Alliances Program works closely with strategic partners to help develop business models and innovation solutions to broaden audiences and build relationships that ultimately help customers take advantage of innovative technologies. “We look forward to working with clients, side by side with Booz Allen, to successfully deliver results from the often risky decisions that impact critical technology development, deployment and execution,” said Stanley Anderson, Senior Director, Channels and Strategic Alliances at PARC. “Booz Allen is clearly a demonstrated leader, providing complimentary capabilities to PARC’s research and decades of innovation experience. Together, we will help enterprises take the mystery out of deploying technologies and strategies that could move entire industries.”
PARC, a Xerox company, is in the Business of Breakthroughs®. Practicing open innovation, we provide custom R&D services, technology, expertise, best practices, and intellectual property to Fortune 500 and Global 1000 companies, startups, and government agencies and partners. We create new business options, accelerate time to market, augment internal capabilities, and reduce risk for our clients. Since its inception, PARC has pioneered many technology platforms - from the Ethernet and laser printing to the GUI and ubiquitous computing - and has enabled the creation of many industries. Incorporated as an independent, wholly owned subsidiary of Xerox in 2002, PARC today continues the research that enables breakthroughs for our clients' businesses.
About Booz Allen Hamilton
Booz Allen Hamilton (NYSE: BAH) has been at the forefront of strategy and technology for more than 100 years. Today, the firm provides management and technology consulting and engineering services to leading Fortune 500 corporations, governments, and not-for-profits across the globe. Booz Allen partners with public and private sector clients to solve their most difficult challenges through a combination of consulting, analytics, mission operations, technology, systems delivery, cybersecurity, engineering, and innovation expertise. With international headquarters in McLean, Virginia, the firm employs approximately 22,200 people globally, and had revenue of $5.27 billion for the 12 months ended March 31, 2015.