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International Business Machines Corp. (NYSE:IBM) Partners With PSA Peugeot Citroen For Connecting Cars To Servicing And Shops

International Business Machines Corp. (NYSE:IBM) has run into an association with PSA Peugeot Citroen; together the entities would hook up innumerable numbers of cars globally to the internet. The services include providing infotainment options in order to link myriad of vehicles for service networks, shops, companies and urban transport grids. The company revealed this on Wednesday.

The Premise Of The Agreement

None of the sources have spoken about the financial terms of the new-found partnership agreement. The premise of the agreement is an honorary relationship, an initial partnership, existing between the tech-consultant and the automaker. The details of the partnership were discussed for long and had been announced a year back.

Offerings And Deals

In a mutually sufficing joint statement, the companies owned up their prolific plans to develop services for passengers and myriad of drivers. There is a plethora of backend applications used to render preventive traffic maintenance and car management functionalities. This partnership encompasses quite a few areas like roadside assistance, driver navigation and myriad of infotainment offerings.

Analysts and technology-consultants would feasibly tap into the smart grids comprising sensors present on traffic signboards, streetlights and so on. The idea is to develop smart ambiance; cutting down on population and lowering congestion guaranteeing preventive car maintenance. An IBM executive commented that the linking process could easily link vehicles to retailers.

The IBM-PSA Agreement

In 2013, International Business Machines Corp. (NYSE:IBM) had entered into a mutually benefitting association with Germany-based Continental AG to realize an electronic horizon parlance. It was ideated that the platform shall help cars obstruct upcoming barriers.

The duo extended an agreement for sharing responsibilities for realizing, developing, marketing, selling, implementing and delivering after sales services for existing and new clients for the firms. The deal should help realize the concepts of connected-car functions and remote car accesses by urban smart grids.

Published by Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at [email protected] or follow Nicholas Kitonyi @nmaithyak on Twitter.

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