PARC and Nomura Research Institute, Ltd. announced that they have signed a Memorandum of Understanding (MOU), formalizing a comprehensive partnership to better serve forward-looking global companies, and to leverage Silicon Valley's innovative research and development environment to create new technologies. NRI and PARC recognize that significant synergies could be realized by creating a strategic alliance to combine PARC's R&D capabilities with NRI's consulting and system integration services. The companies will work together to identify projects, as well as explore additional ways to collaborate.

Potential areas for collaboration include data analytics, innovation consulting services, and advanced technological R&D for IT platforms and information security. The collaboration will offer large-and medium-sized organizations the benefit of NRI's deep experience in management consulting and system integration; and they will receive insight into PARC's key research areas, patents & IP licensing models, as well as joint innovation strategy sessions with NRI's consultants and PARC research scientists and executives.