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BearingPoint Makes Investment in Analytics Software and Services Firm, Effiscience
Monadnock Research - 23 January 2012
European management and IT consultancy, BearingPoint, has made a controlling investment in business analytics software and services firm, Effiscience. BearingPoint acquired 51% of Effiscience, the parent of HyperCube. The firm says the transaction will help it address business performance challenges facing clients as they figure out how to more effectively process the ever-expanding stores of data generated by business processes. The HyperCube non-statistical approach to data analysis has incorporated more than fifteen years of advanced mathematical research into its development. Clients span a number of industries, with concentrations in pharmaceuticals, biotech, financial services and communications. BearingPoint currently employs around 3,200 staff in 15 countries. (340 words) . . . More
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Consulting Leadership News: Korn/Ferry, CSC, KPMG, BDO, Cushman & Wakefield, PwC, CGI, E&Y, Celerant, Navigant, Alvarez & Marsal, BearingPoint, Huron, Campbell-Hill
Monadnock Research - 27 Oct 2011
MR - Korn/Ferry appoints Chuck Feltz as President of its Lominger products business. CSC CEO and Chairman, Michael Laphen, to retire. KPMG LLP Names Steven Hill Vice Chair, Strategic Investments. Sixty staff and 6 partners join BDO USA from Carneiro Chumney & Co. Cushman & Wakefield cuts staff and shifts focus from Dubai to Bahrain. CGI appoints George Schindler President of US operations and Ken Taylor as Vice-President, Cybersecurity. PwC names Dietmar Ostermann Global Automotive Advisory Leader. PwC appoints Eric Israel and Clinton Moloney as Managing Directors in Sustainability Business Solutions practice. Martin Steinbach appointed to lead Ernst& Young's IPO Center. BDO Consulting names Drew Olson to expand litigation and fraud investigation within Chicago Insurance practice. Celerant appoints Neil Eurick as Vice President within Metals and Mining practice. BearingPoint hires Rob Staples as Partner in UK Communications practice. Navigant appoints nine senior consulting professionals. Alvarez & Marsal appoints Lou Pahountis as Managing Director. Huron names Joel Feliciano as Managing Director. AirTran Senior Executive Kevin Healy Joins Campbell-Hill Aviation Group; Eric K. Ford joins as Vice President. (2,735 words) . . . More
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And in other news: Infosys, FTI, Capgemini, BearingPoint, Porsche, IBM, and Navigant
Monadnock Research - 29 July 2011
(MR) Infosys says whistleblower's allegations inaccurate; Announces quarterly results. FTI Consulting launches international arbitration service in Singapore. BearingPoint Directors to face $1.88 billion suit. Capgemini introduces social media IT service to complement its "Social Insight into Action" consulting. Navigant announces results that beat analyst estimates. Navigant acquires Ignited Discovery. Porsche Consulting to establish US subsidiary in Atlanta. IBM Announces New Innovation Lab Dedicated To Technology Services. (1040 words) . . . More
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Consulting Leadership News: Ernst & Young, KPMG, Accenture, Capgemini, PwC, NERA, Deloitte, BearingPoint, Navigant, and BCG
Monadnock Research - 29 July 2011
MR - Ernst & Young announces 548 new partners worldwide; Appoints Herb Engert as the new Americas Leader of Strategic Growth Markets. KPMG International Chairman-elect, Michael Andrew, appoints global leadership team. Accenture names Paul Daugherty as Chief Technology Architect and Gavin Michael Chief Technology Innovation Officer. Accenture has also named Jorge Benitez managing director -- North America and Chief Executive. Capgemini will train 1,500 architects and developers globally on the Windows Asure cloud platform to support new partnership. Aon Appoints Greg Besio as Chief Human Resources Officer. BCG named former ING Group COO, Thomas J. McInerney, as Senior Advisor. PwC US Appoints Robert W. McCutcheon as New Industrial Products. Leader. Energy Expert Scott Bloomberg Joins NERA Economic Consulting. BearingPoint appoints 6 new Partners. Deloitte appoints Chris Harrop to lead nuclear capital programs. Navigant appoints William Hardin within Disputes & Investigations practice. Navigant appoints William Hardin within Disputes & Investigations practice; Adam Borison, PhD, has joined the firm's Energy Practice as a Director; Names Adam Borison, PhD, as Energy Practice Director (4,800 words) . . . More
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ABeam forms Strategic Partnership in Europe with BearingPoint
Monadnock Research - 28 February 2011
MR - ABeam Consulting and BearingPoint, have agreed to form a strategic alliance. The firms say the partnership will extend the consulting capabilities of each to serve the needs of their respective clients for services in Europe and Asia. BearingPoint Holding B.V. is the European operation of the former BearingPoint that was acquired by the European affiliate's management. ABeam and BearingPoint will treat one another as preferred partners for their respective markets and cooperate on both pre-sales and project delivery. The firms will share infrastructure and resources to provide services to new and existing clients. (420 words) . . . More
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PricewaterhouseCoopers Completes Diamond Acquisition; Launches PwC Diamond Advisory
Monadnock Research (VIII N53) - 3 November 2010
MR - PricewaterhouseCoopers has completed its $376 million acquisition of Diamond Management & Technology Consultants following shareholder approval on 2 November. Diamond's outstanding shares were acquired by PwC for $12.50 per share in the all-cash deal, and it is now an indirect wholly owned subsidiary of PwC's U.S. affiliate. All of Diamond's former Practice Partners joined PwC as partners or principals, and most of its professional staff appears to have been retained. There was likely, however, significant turnover among non-professional staff, since most of these functions were redundant and could be integrated within PwC's existing operations. PwC retains the Diamond brand, and the practice will now be know as PwC's Diamond Advisory Services. The organization will continue to be led by its former President and CEO, Adam Gutstein. (Research Note includes acquisition details; Synergy of client industries, service areas, and geographical focus; Staffing and operational metrics; Rationale for sale; Diamond employee stock and option treatment; PwC Diamond rate premium strategy; and MR consulting client perspective on transaction, risks, and motivation; 3 charts; 2,530 words) . . . More
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West Monroe Partners Forms Strategic Alliance with BearingPoint (Europe)
Monadnock Research - 24 March 2010
MR - West Monroe Partners (WMP) and the former European operation of BearingPoint, now operating as an independent firm under the BearingPoint brand, have formed a strategic consulting alliance to expand their global market presence and to better serve international clients. Under the terms of their agreement BearingPoint and WMP will refer clients to one another in their home markets, collaborate on work in Europe and North America, and share intellectual capital. The firms will continue to focus on their respective home markets, while partnering on client work in other global locations. (390 words) . . . More
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Yale Sued by BearingPoint Bankruptcy Trustee for Alleged Fraudulent and Preference Transfers
Monadnock Research - 15 March 2010
MR - The bankruptcy trusty for the former BearingPoint, John DeGroote, is attempting to sue Yale University to claw-back $8+ million plus interest in payments made to the university by BearingPoint. The payments relate to a $30 million transaction to endow a Chair in the Yale School of Management in perpetuity and for naming rights to Yale School of Management properties; and for an Education Collaboration Agreement. DeGroote, who is also the former President, Chief Legal Officer, and Secretary for BearingPoint, and its Chief Litigation Counsel from 2000 through 2008, claims that the payments constitute fraudulent transfers and preference transfers. (318 words) . . . More
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BearingPoint Proceeds Toward Liquidation; Closes EMEA Practice Sale to Local Partners
Monadnock Research (VII N43) – 1 September 2009
BearingPoint's European management team closed its $69 million acquisition of the firm's Europe, Middle East, and Africa (EMEA) practice on 28 August. The new entity, BE Partners B.V., is a legally-independent entity owned by EMEA management. The firm will operate as a single partnership providing services to EMEA clients under the BearingPoint Consulting brand. Peter Mockler, who served as BearingPoint's EMEA leader since 2006, will continue to lead the 3,000-plus member organization. This Research Note summarizes financial details of BearingPoint's transactions to-date. . . . More
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CSC Closes BearingPoint Brazil Transaction
Monadnock Research - 6 August 2009
CSC has completed its acquisition of BearingPoint's operation in Brazil. With approximately 550 employees and offices in Sao Paulo, Rio de Janeiro, and Brasilia, the operation is expected to enhance CSC's ability to support existing clients with a presence in Brazil, add a robust set of new clients, and position CSC to work with more companies in the region. . . . More
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BearingPoint Sells EMEA Operation to European Management
Monadnock Research – 20 July 2009
BearingPoint has entered into a definitive agreement with its European management team for the sale of the company's Europe, Middle East and Africa (EMEA) practice for approximately $69 million. Peter Mockler, executive vice president of BearingPoint EMEA, and his management team will remain in place. The practice will continue to operate under the BearingPoint brand. . . . More
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CMA Acquires BearingPoint Public Sector Operation in New York
Monadnock Research - 14 July 2009
CMA Consulting Services has acquired a BearingPoint public service operation serves the New York state Department of Health, Education Department, and Office of Mental Health. Terms of the transaction, which closed on 10 July, have not yet been disclosed. . . . More
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CSC Agrees to Acquire BearingPoint Brazil
Monadnock Research - 10 July 2009
Computer Sciences Corp. (CSC) has entered into an agreement to acquire BearingPoint's Brazilian operation, which specializes in SAP consulting and systems integration services. CSC says the acquisition will expand its industry expertise and clientele in the Chemical, Energy, Natural Resources, Technology, and Consumer sectors. . . . More
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Keane Expands BearingPoint Acquisition to Include Parts of Its North American Commercial Business
Monadnock Research - 8 July 2009
Keane has agreed to purchase a portion of BearingPoint's North American commercial services business, adding to its agreement to acquire certain portions of BearingPoint's North American Public Services business and New York practice in June. Finalization of the transaction is subject to customary closing conditions and securing approval of the court overseeing BearingPoint's restructuring. . . . More
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Keane to Acquire Part of BearingPoint Public Sector Business
Monadnock Research - 23 June 2009
Keane has entered into an agreement to purchase a portion of BearingPoint's North American Public Services business, including the firm's New York City practice. The deal is expected to close this month, subject to customary closing conditions and approval of the bankruptcy court overseeing BearingPoint's restructuring. . . . More
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