Ford Motor Acquires Equity Stake in Bios Group
27 September 2000
Ford Motor Acquires Equity Stake in Bios GroupDEARBORN, Mich., Sept. 27 Ford Motor Company today announced that it has purchased an equity stake in Bios Group, Inc., a Santa Fe-based software development and complexity science consulting company. Terms of the transaction were not disclosed. Ford will strategically utilize Bios software and technology to refine and simplify its product offerings through scientific data models. Consumer preference and market research data that has been gathered by Ford is quantitatively analyzed and modeled by Bios. The data is then used to target vehicle combinations that consumers demand most. "Satisfying our consumers is our number one priority. In order to do that, we need to understand the customers' desires, and have the ability to deliver the vehicles they want, when they want them," said Jim Yost, Ford Motor Company Chief Information Officer and vice president. "Deploying Bios solutions will help us get a better understanding of the options and features the consumers truly want." Bios products and services help organizations optimize various decision processes by modeling their existing environments and then scientifically determining the linkages and relationships between various decision criteria. It has developed applications for e-commerce automated markets, supply chain management, dynamic scheduling, risk analysis, project portfolio management and marketing diffusion. "Originally, Ford asked us to solve a single hard business problem. Our solution, combined with what Ford saw of other Bios technology, convinced them that additional areas at Ford and other companies could benefit from our offerings too," said Robert MacDonald, president, Bios Group. "Ford's investment not only reaffirms the practical business value of our solutions, but also offers us continuing revenue opportunities as we collaborate on current and future projects."