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Local Tech Wire

CARY, N.C. – , the world’s largest privately held software companies and a global leader in mining of data for a wide variety of solutions, is teaming with Accenture to jointly develop a new suite of products based on predictive analytics.

(NYSE: ACN) is one of the world’s best-known and largest consulting and technical services firms.

The new effort will be called the

Financial details were not disclosed the companies said in a joint announcement issued early Wednesday that they would “jointly invest” in what they called an “expansion” of product offerings.

Predictive analytics is an emerging field for the use of business intelligence in which SAS already offers some of the world’s most used and respected products. SAS generated more than $2 billion in revenue in 2009, an increase of 2 percent over 2008 despite the global recession.

The initial focus of the predictive analysis suite will be on financial services, healthcare and in the public service sector, the companies said.

SAS and Accenture also said they would offer solutions as a managed service.

The companies, who have worked together as partners on various projects over the past decade, said they will set up “joint analytics showcases” where their new products will be demonstrated.

The first such showcases will be located in Chicago, London, Milan and Shanghai.

Predictive analytics breaks down data for statistical modeling that can be used in such areas as sales forecasting and business outcomes.

In a statement provided by SAS and Accenture, Henry Morris, a senior vice president at the analysis firm IDC, said the joint offering “meets a pressing need in the marketplace. What is in very short supply are experts who are familiar with analytic techniques and know how to apply them to industry-specific decisions.”

“The combination of Accenture and SAS should accelerate adoption of predictive analytics across a broad group of organizations in major centers around the world,” he added.

Accenture, which is based in New York, already has its own analytics group.

In a statement, SAS Chief Executive Officer Jim Goodnight said the joint effort is designed to meet growing demand for predictive analysis tools.

“In our long experience providing analytic insights to our customers, we’ve never seen leaders so readily adopting analytic approaches across their organizations,” Goodnight said.

“The Accenture SAS Analytics Group will help these companies take their business results to the next level by applying best-of-breed predictive analytics and best practices to complex questions and decisions,” he added. “Together, we will deliver a high performance analytic platform combined with management and industry expertise that is platform-independent, so organizations can leverage their existing IT infrastructure.”

William Green, chairman and CEO at Accenture, said the analytics products will enable customers to “derive actionable insights from data and then use those insights to shape decisions, can improve business outcomes and substantially outperform competitors over the long term.”

Accenture employs more than 176,000 people worldwide and reported more than $21 billion in its most recent fiscal year.