Andersen and BBN will each have equity in the new, as yet unnamed, corporation. Officials say the venture's principal offering will be a turnkey business utility that provides an intranet infrastructure, complete with firewall and ability to processing reliable electronic business processes such as billing and order processing.
BBN is expected to pay $5 million for a 12.5 percent stake in the venture. Andersen's 87.5 percent stake is valued at $35 million.
Officials say they expect the venture to be fully operational by September, with services aimed at a number of specific industries, including travel and tourism, healthcare, and utilities.