Accenture (NYSE: ACN) announced on Thursday it has invested in and formed a partnership with P97 Networks Inc. (P97), a cloud-based mobile commerce, in-vehicle payments, and digital marketing solutions provider for the convenience retail, fuel, and vehicle-manufacturing industries.
Accenture reported that the partnership makes it a preferred implementation partner for connecting automobile manufacturers and merchants with P97’s PetroZone platform, which enables digital payments and purchase offerings for fuels and other products from mobile devices or connected cars. Accenture also revealed the investment by Accenture Ventures follows it and P97’s work in developing digital solutions for major and independent oil and gas, automobile and fuels forecourt retail companies.
Speaking about the investment and partnership, Andrew Smart, a Senior Managing Director at Accenture
“We are tremendously excited about advancing our relationship with P97. Working together, we will help our clients take advantage of more connected customer experiences.”
Donald Frieden, Founder and CEO of P97, went on to add:
“Accenture’s end-to-end digital services make the company an ideal partner for P97. We have a long history of firsts in our markets and look forward to many more working with Accenture — including connected car services, voice-enabled payments, fuel retail innovations and blockchain technology — as we pursue our goal of serving more than half of the U.S. fuel market by 2020.”