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BAE Systems Reaches Settlement with U.S. and U.K. Governments Over Bribery Charges Monadnock Research - 5 February 2010 MR - BAE Systems has reached settlements associated with a U.K. Serious Fraud Office investigation first disclosed by BAE in November 2004 and a U.S. Justice Department investigation disclosed in June 2007. The agreements, if approved by courts in the U.K. and U.S., call for BAE to pay £30 million in a combined fine to the U.K. Government and as a charitable contribution to benefit Tanzania, and to pay the U.S. a fine of $400 million and make assurances of future regulatory compliance. BAE admits to paying bribes to a marketing consultant in 1999 to secure a radar system order from the government of Tanzania. (401 words) . . . More Sky Broadcasting Wins Fraud Ruling Against EDS/HP Over Failed Consulting Project Monadnock Research (VII N5) - 28 January 2010 MR - British Sky Broadcasting (Sky) has won a partial victory in its 5 year legal battle against HP Enterprise Services UK Ltd., the U.K. successor to Electronic Data Systems. The court found EDS guilty of deceit, negligent misrepresentation, and breach of contract. Former EDS CRM practice Managing Director, Joe Galloway, was found to have lied to Sky in order to secure a £47.64 million contract for a CRM system that ultimately cost Sky £265 million. In a now-notorious court incident, the former SHL Systemhouse executive was found to have committed perjury in defending his mail-order M.B.A., when Sky's council secured identical credentials in minutes for his dog at trial. Sky anticipates fees and damages in the range of £200 million. (Research Note includes 468 page ruling - 1,280 words) . . . More Deloitte Agrees to Acquire Property Advisory, Drivers Jonas Monadnock Research – 27 January 2010 MR -- Deloitte says it hopes to create a new model in the real estate advisory market with the acquisition of Drivers Jonas. Founded in 1725, Drivers Jonas is the UK's oldest property advisory firm. The combined business would have approximately 700 partners and professionals and annual revenues over £110m, and would serve clients as Drivers Jonas Deloitte. (805 words) . . . More Consulting Leadership News: Accenture, Eaglepoint, Navigant, RBF, Pearl Meyer, and Huron Monadnock Research – 27 January 2010 MR - Accenture names new General Council, Secretary, and Chief Compliance Officer; Appoints Director of Strategic Initiatives for Human Services practice. Eaglepoint Advisors names former Polaroid CEO as Partner. Navigant names Chief Innovation Officer, three Managing Directors, and three Directors in Healthcare practice; Appoints Managing Director in Disputes & Investigations practice. Pearl Meyer Partners names new Managing Director. Huron Consulting Group names nine Managing Directors in Restructuring & Turnaround, Health & Education, and Legal consulting groups. RBF Consulting names eight vice presidents. (2,670 words) . . . More ACS Introduces New Outplacement Service Offering Monadnock Research - 26 January 2010 MR - Affiliated Computer Services (ACS) has introduced a new line of outplacement services for transitioning employees. ACS Transition Services utilize the offerings of RiseSmart, a Silicon Valley-based provider of Web-enabled outplacement and job search services. ACS says its Human Capital Management services are provided to over four million employees and retirees in more than 80 countries in 20 languages, and include HR consulting and advisory offered through its Buck Consultants subsidiary. (540 words) . . . More Equation Consulting Acquires Healthcare Advisors, HCCR Monadnock Research – 25 January 2010 MR - Equation Consulting has acquired Healthcare Compliance and Consulting Resources, Inc. (HCCR). HCCR provides consulting services to physician practices and hospitals. It will operate under the Equation brand. HCCR President and CEO Cheryl Waltko will serve as the Vice President of Equation. (340 words) . . . More Navigant Acquires Economics Consulting Firm, Empiris Monadnock Research - 25 January 2010 MR - Navigant Consulting has acquired Empiris, LLC , a leading economics consulting firm based in Washington, D.C. Its academic and industry professionals have expertise in antitrust, auctions, class certification, communications and the Internet, consumer protection, and damages. Empiris' staff will join Navigant Economics, which was established with the 2008 acquisition of Chicago Partners. (330 words) . . . More SRA International to Acquire Environmental Consultancy, Perrin Quarles Monadnock Research - 25 January 2010 MR - SRA International (SRA) has signed a definitive agreement to acquire Perrin Quarles Associates (PQA), a privately held environmental consulting firm that specializes in environmental program development and implementation for air quality and climate change. PQA has approximately 100 employees and is headquartered in Charlottesville, Va. The firm works with U.S. federal, state and international environmental agencies to develop and implement air quality regulations and standards. (455 words) . . . More PRGX Global Expands Service Offering to Include Advisory Services and Data Analytics Monadnock Research - 21 January 2010 MR - PRGX Global (PRGX), a leading global recovery audit firm, is expanding into data analytics and advisory services. PRGX is calling the new category of combined audit, analytics, and advisory services "profit discovery," and looks to create significant additional opportunities for the firm to serve existing clients and expand into new industry areas, including healthcare and public services. PRGX was known previously as PRG-Schultz International, Inc. (555 words) . . . More IBM Global Business Services Revenues Down 10 Percent for 2009, but Margins Up Monadnock Research - 21 January 2010 MR - IBM's Global Technology Services revenue was down 4.9 percent in U.S. dollar terms to $37.35 billion, but GTS gross margins increased by 2.4 percent to 35 percent. Global Business Services revenues decreased by 10.1 percent to 17.65 billion, with GBS gross margins increasing by 1.5 percent to 28.2 percent. Total revenues for IBM were down by 7.6 percent from $103.63 billion to $95.76 billion. Despite the revenue declines, in services revenues in particular, IBM managed to increase net profit margins by 8.8 percent to $13.43 billion, primarily driven by its shift to higher margin products and services and execution of strict expense management. Net margins were 14 percent, up 2.1 percent over fiscal '08 levels. (300 words) . . . More CACI Fights Back Against Critical New York Times Editorial Monadnock Research - 21 January 2010 MR - CACI International has demanded a retraction and correction to an editorial published in the 11 January print edition of the New York Times. CACI claims that the Times editorial improperly characterized its contractors who worked in Iraq as mercenaries while commenting on a matter involving a private security group working at Abu Ghraib prison. According to the Times editorial, "The army has said contractors from firms like CACI International Inc. were involved in more than a third of the proven incidents of abuse in 2003 and 2004 in the Abu Ghraib prison." CACI says the statement is "maliciously false," and calls on the Times to "more faithfully execute its responsibility to deliver the news fairly and accurately." The editorial continues to run on-line, unchanged. (755 words) . . . More Consulting Leadership News: CSC, SAIC, Deloitte, Satyam, Price Waterhouse, and Wipro Monadnock Research - 21 January 2010 MR - CSC has appointed Mike Gaffney as President of the firm's North American Public Sector Civil and Health Services Group. Former Acting U.S. Surgeon General Joins SAIC as Senior Vice President for Civilian Health Operations. Deloitte appoints Chief Diversity Officer. A court in Hyderabad, India has extended the judicial remand for ten executives in the massive Satyam financial fraud. Wipro now has more than 100,000 IT services professionals, a five percent increase in over Q3/2009. (980 words) . . . More New Study Maps a Decade of Shrinking IT Innovation Monadnock Research - 20 January 2010 A.T. Kearney - While industry leaders overwhelmingly acknowledge the value of IT as an important strategic differentiator, investment in IT innovation misses the target more than 75 percent of the time, according to the results of a recent study from A.T. Kearney. The new study, entitled "Delivering Technology Innovations," also found that, while investments targeting innovation accounted for 30 percent of the average IT budget in 1999, it has fallen to 14 percent today. Of the companies with more than 10 percent annual growth, the number that benefited from IT innovation reached nearly 90 percent. (615 words) . . . More Hill International Acquires TRS Consultants Monadnock Research - 17 January 2009 MR - Hill International has acquired TRS Consultants, a firm that provides civil engineering, program management, construction management, and information technology services primarily to clients in transportation and infrastructure development. San Ramon, California-based TRS had approximately 40 employees and primarily served clients in the Western U.S. (330 words) . . . More Companies Take Steps to Prepare for New Executive Compensation Regulations Equilar - 7 January 2010 MR - An analysis of 1250 S&P 1500 companies found that 235 disclosed the phrase 'excessive risk' in their compensation discussion and analysis (CD&A) for 2009, compared to only two companies in 2008, according to a report from Equilar. Effective February 2010, most companies that are required to report to the U.S. SEC will need to increase disclosure of information about their consultant relationships. In a study of consultant relationship transparency under the old regulations, only around 3 percent of companies disclosed any fee information. (525 words) . . . More More News More Research Notes (subscription) More Firm Research