Coherity is Born, Lands HP Deal
XML data management solution provider Coherity Inc. Tuesday officially unveiled its new name - the company was formerly called PyBiz Inc. -, a deal to provide Hewlett-Packard with a data management solution and an investment from Accenture.
The two year-old Palo Alto, Calif.-based company changed its name to reflect a more positive image towards business users. Coherity provides an XML based infrastructure for integrating and aggregating corporate information at the enterprise level.
"Pybiz was a great name but our investors felt it sounded like it was targeted at more of the regular tech audience, rather than the business user," says Ken Tsai, director of product marketing for Coherity.
Coherity also said its CRM product, Integrated Customer Care (ICC) solution, is being used by Hewlett Packard in conjunction with HP OpenView Web portal to centralize and manage profiles from disparate applications, and reduce costs associated with the management of data.
To that end, Coherity helped develop a framework for building an eCRM solution for HP's OpenView infrastructure management software that could easily integrate with HP's broader CRM strategy. Coherity's technology helped HP build a dynamic data store to integrate and aggregate multiple customer data silos, each having a separate interface, into a single eCRM portal. In addition, the technology allows users to securely extend profile attributes and authorized-access to information using existing single sign-on technology, according to Coherity officials.
Patty Azzarello, vice president and general manager, HP OpenView Business Unit says the solution allows HP to "quickly collect customer information via the Web, consolidate this data and reduce redundancy in a timely and cost efficient manner."
In addition, Accenture has made an undisclosed investment in Coherity. Accenture joins Mobius Venture Capital as the company's primary investors in the company.