BearingPoint (parent company: BearingPoint Europe Holdings B.V.) is an independent
multinational management
Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a Government agency, government body. It is the art and science of managing resources of the business.
Management includ ...
and technology consulting firm with 41 offices across 23 countries and around 4,300 employees.
In 2021, the firm delivered 1,298 projects in 50 countries.
Services
BearingPoint operates in three business units: Consulting, Products, and Capital.
Consulting
The consulting unit covers the advisory business with a clear focus on selected business areas. It is divided into eight market segments:
* Automotive, Industrial Equipment & Manufacturing
* Banking & Capital Markets
* Chemicals, Life Sciences & Resources
* Consumer Goods & Retail
* Insurance
* Communications, Media & Entertainment
* Government & Public Sector
* Utilities, Postal & Transportation
The consulting unit has a service portfolio consisting of five lines:
* People & Strategy
* Customer & Growth
* Finance & Risk
* Operations
* Technology
Products
The products unit provides managed services for business-critical processes such as software services and
IP-driven digital assets including an Emissions Calculator and a Data Quality Navigator.
Capital
The capital unit is responsible for supporting transactions and growth opportunities within BearingPoint and for their clients. This includes
M&A strategy, due diligence, managing investments and inorganic growth agendas.
Regions and Offices
BearingPoint do not have a defined headquarters, instead operating across 41 offices in 23 countries.
Europe
*
Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...
–
Graz, 2 offices in
Vienna
en, Viennese
, iso_code = AT-9
, registration_plate = W
, postal_code_type = Postal code
, postal_code =
, timezone = CET
, utc_offset = +1
, timezone_DST ...
*
Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...
-
Brussels
Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...
*
Czech Republic
The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...
-
Prague
Prague ( ; cs, Praha ; german: Prag, ; la, Praga) is the capital and List of cities in the Czech Republic, largest city in the Czech Republic, and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.3 milli ...
*
Denmark
)
, song = ( en, "King Christian stood by the lofty mast")
, song_type = National and royal anthem
, image_map = EU-Denmark.svg
, map_caption =
, subdivision_type = Sovereign state
, subdivision_name = Kingdom of Denmark
, establish ...
-
Frederiksberg
Frederiksberg () is a part of the Capital Region of Denmark. It is formally an independent municipality, Frederiksberg Municipality, separate from Copenhagen Municipality, but both are a part of the City of Copenhagen. It occupies an area of ...
*
Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...
-
Helsinki
Helsinki ( or ; ; sv, Helsingfors, ) is the capital, primate, and most populous city of Finland. Located on the shore of the Gulf of Finland, it is the seat of the region of Uusimaa in southern Finland, and has a population of . The city ...
*
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area ...
-
Paris
Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), ma ...
*
Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
-
Berlin
Berlin ( , ) is the capital and List of cities in Germany by population, largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's List of cities in the European Union by population within ci ...
,
Düsseldorf
Düsseldorf ( , , ; often in English sources; Low Franconian and Ripuarian language, Ripuarian: ''Düsseldörp'' ; archaic nl, Dusseldorp ) is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second- ...
,
Frankfurt
Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on it ...
,
Hamburg
(male), (female) en, Hamburger(s),
Hamburgian(s)
, timezone1 = Central (CET)
, utc_offset1 = +1
, timezone1_DST = Central (CEST)
, utc_offset1_DST = +2
, postal ...
,
Leipzig
Leipzig ( , ; Upper Saxon: ) is the most populous city in the German state of Saxony. Leipzig's population of 605,407 inhabitants (1.1 million in the larger urban zone) as of 2021 places the city as Germany's eighth most populous, as ...
,
Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Ha ...
,
Stuttgart,
Walldorf
Walldorf (South Franconian: ''Walldoaf'') is a town in the Rhein-Neckar-Kreis district in the state of Baden-Württemberg in Germany.
In the eighteenth century, Walldorf was the birthplace of John Jacob Astor, who emigrated and became a promin ...
*
Ireland
Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Grea ...
-
Dublin
Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 c ...
*
Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...
-
Milan
Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...
,
Turin
Turin ( , Piedmontese: ; it, Torino ) is a city and an important business and cultural centre in Northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital from 1861 to 1865. The ...
*
Luxembourg
Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...
*
Netherlands
)
, anthem = ( en, "William of Nassau")
, image_map =
, map_caption =
, subdivision_type = Sovereign state
, subdivision_name = Kingdom of the Netherlands
, established_title = Before independence
, established_date = Spanish Netherl ...
-
Amsterdam
Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the capital and most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the urban ar ...
*
Norway
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the ...
-
Oslo
Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population ...
*
Portugal
Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of ...
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Lisbon
*
Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and ...
-
Bucharest
Bucharest ( , ; ro, București ) is the capital and largest city of Romania, as well as its cultural, industrial, and financial centre. It is located in the southeast of the country, on the banks of the Dâmbovița River, less than north of ...
,
Iași,
Sibiu
Sibiu ( , , german: link=no, Hermannstadt , la, Cibinium, Transylvanian Saxon: ''Härmeschtat'', hu, Nagyszeben ) is a city in Romania, in the historical region of Transylvania. Located some north-west of Bucharest, the city straddles the Ci ...
, 2 offices in
Timișoara
), City of Roses ( ro, Orașul florilor), City of Parks ( ro, Orașul parcurilor)
, image_map = Timisoara jud Timis.svg
, map_caption = Location in Timiș County
, pushpin_map = Romania#Europe
, pushpin_ ...
*
Sweden -
Stockholm,
Malmö
Malmö (, ; da, Malmø ) is the largest city in the Swedish county (län) of Scania (Skåne). It is the third-largest city in Sweden, after Stockholm and Gothenburg, and the sixth-largest city in the Nordic region, with a municipal pop ...
*
Switzerland -
Geneva
, neighboring_municipalities= Carouge, Chêne-Bougeries, Cologny, Lancy, Grand-Saconnex, Pregny-Chambésy, Vernier, Veyrier
, website = https://www.geneve.ch/
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevr ...
,
Zurich,
*
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...
-
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
Asia and Middle East
*
China -
Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...
*
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
-
Bengaluru
*
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...
*
UAE
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...
-
Abu Dhabi,
Dubai
Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...
Africa
*
Morocco
Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria t ...
-
Casablanca
North America
*
USA
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
–
Chicago
(''City in a Garden''); I Will
, image_map =
, map_caption = Interactive Map of Chicago
, coordinates =
, coordinates_footnotes =
, subdivision_type = Country
, subdivision_name ...
,
Dallas
Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...
BearingPoint also have locations in collaboration with other consultancy firms. They work with grupo ASSA across Central and South America,
West Monroe Partners
West Monroe is a national management and technology consulting firm headquartered in Chicago, United States.
West Monroe provides professional consulting services to businesses across many industries, including consumer and industrial products, e ...
in North America and Abeam Consulting in parts of Asia including
Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...
,
Japan and
Korea
Korea ( ko, 한국, or , ) is a peninsular region in East Asia. Since 1945, it has been divided at or near the 38th parallel, with North Korea (Democratic People's Republic of Korea) comprising its northern half and South Korea (Republic o ...
.
Awards and Recognitions
BearingPoint has received a number of awards since the BearingPoint brand was transitioned to an independent European partnership in 2009.
* In 2022 BearingPoint were listed among the World’s Best Management Consulting Firms by Forbes
* 2022 WealthBriefing Swiss Awards for Management Consultancy
* 2022 Recognized as a Top Consulting Firm by Handelsblatt
* 2022
SAP
Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant.
Sap is distinct from latex, resin, or cell sap; it is a separ ...
® Pinnacle Award in the Sustainability Category
* Winner of the 2021
IFS Growth Partner of the Year award
* Recognized as a Major Player in the
IDC MarketScape: Worldwide Smart Manufacturing Service Providers 2021 Vendor Assessment
* Visionary in the 2021
Gartner
Gartner, Inc is a technological research and consulting firm based in Stamford, Connecticut that conducts research on technology and shares this research both through private consulting as well as executive programs and conferences. Its client ...
Magic Quadrant™ for CRM and Customer Experience Implementation Services
* 2021
SAP
Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant.
Sap is distinct from latex, resin, or cell sap; it is a separ ...
® Pinnacle Award in the Partner Application of the Year – Industry Cloud Category
* 2021 WirtschaftsWoche Best of Consulting Award
* 2019 FinTech & RegTech Global Award Distributed Ledger Technology Provider of the Year
* 2018 Three Catalyst project awards at Digital Transformation World - BearingPoint // Beyond with Infonova – won the TM Forum Digital Excellence OPEN API Award.
Acquisitions & Joint Ventures
BearingPoint have made a number of targeted acquisitions since 2009.
* I Care, a France and Brazil-based consultancy firm specializing in sustainability strategy development and environmental transition. (2022)
* Disphere tech, a Germany-based provider of sales support for financial services businesses. This acquisition included disphere’s
cloud
In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may ...
platform diContract, which automates and digitises processes such as customer onboarding (2022)
* Steerio, a Paris-based engagement platform (
SaaS
Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software.
SaaS is con ...
) that leverages smart analytics (2020)
* YouMeO, a Paris-based strategy and innovation agency (2020)
* Prederi, a consultancy focused on public services in the UK (2019)
* Inpuls, a data specialist in Belgium (2018)
* LCP Consulting, a UK-based international specialist consultancy in customer-driven supply chain management (2017)
* Magenta, a digital management consultancy in the Nordics (2015)
* Trinity Horne, a UK-based operational performance consultancy (2013)
* RiValue, a German-based risk management and reporting specialist (2013)
* HyperCube, a business analytics software, in which BearingPoint acquired a major stake (2011)
Arcwide
Arcwideis a joint venture with
IFS, established in April 2022 which focuses on business transformation.
Management
The BearingPoint management team comprises leaders from all over Europe and across industries and services:
* Kiumars Hamidian - Managing Partner – Kiumars joined BearingPoint in 1996 and became a partner in 2002, He was one of the founding partners in the European management buyout in 2009 and was elected Managing Partner in 2018.
* Eric Conway - Regional Leader Finland, Ireland, Netherlands, Norway, Italy, Sweden and UK – Eric has been a Partner at BearingPoint since 2014.
* Andreas Flach - Chief Financial Officer – Andreas joined BearingPoint as a partner in 2016 after having previously worked as a financial auditor of BearingPoint.
* Iris Grewe- Regional Leader Germany, Switzerland, Austria – Iris became a Partner at BearingPoint in 2010.
* Matthias Loebich - Global Leader Markets and Networks – Matthias has been a Partner at BearingPoint since 2007.
* Axelle Paquer - Regional Leader France, Belgium, Luxembourg and Africa – Axelle has been a partner at BearingPoint since 2011.
* Damien Palacci- Global Leader Consulting Portfolio – Damien has been a partner at BearingPoint since 2008.
* Patrick Palmgren- Global Leader BearingPoint Capital (Software Solutions, M&A and Ventures) – Patrick has been a partner at BearingPoint since 2005.
* Hughes Verdier - Chief Operating Officer – Hughes has been a partner at the firm since 1996.
* Donald Wachs - Global Leader Business Services – Donald has been a Partner at BearingPoint since 2004.
* Stephan Weber - Chief People Officer – Stephan has been at the firm since 1997, he became a partner in 2009.
History
1997 to August 2009
BearingPoint's origins lie in the consulting services operations of
KPMG
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations.
Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a net ...
, which were established as a distinct business unit in 1997. KPMG had been providing consulting services to clients since its first contract with the US Navy prior to World War I. On 31 January 2000, KPMG formally spun off the consulting unit as KPMG Consulting, LLC. On 8 February 2001, the company went public on the
NASDAQ market at $18 a share under the ticker "KCIN."
Over the next year and a half, the company acquired some of KPMG's country consulting practices, plus country practices and hiring from
Arthur Andersen
Arthur Andersen was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporat ...
’s business consulting unit. On 2 October 2002, the company was re-named BearingPoint and the next day began trading on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
under the ticker "BE."
After the
2003 invasion of Iraq
The 2003 invasion of Iraq was a United States-led invasion of the Republic of Iraq and the first stage of the Iraq War. The invasion phase began on 19 March 2003 (air) and 20 March 2003 (ground) and lasted just over one month, including 26 ...
, the company acquired a $9 million contract to outline and implement new economic regulations and institutions for the country, heavily focusing on
neoliberal policies such as large-scale
privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
s. According to a report by Stephen Foley, "BearingPoint employees gave $117,000 (£60,000) to the 2000 and 2004 Bush election campaigns, more than any other Iraq contractor."
BearingPoint was late in filing its financial reports through 2007. The Company said its net loss for the first quarter ended 31 March 2007 narrowed as revenue grew and costs declined. The company recorded a net loss of $61.7 million, or 29 cents per share for the first quarter, compared with a loss of $72.7 million, or 34 cents per share, in the same period a year earlier. The company recorded a net loss of $64.0 million, or 30 cents per share for the second quarter, compared with a loss of $2.85 million, or 1 cent per share, in the same period a year earlier. BearingPoint's shareholders' deficit was $365 million as of the close of the second quarter 2007 with a total accumulated deficit of $1.9 billion. On 11 August 2008, the company reported its first net income in three years and, as of the third quarter of 2008, had reported operating income for three consecutive quarters. During the third quarter of 2008, BearingPoint said its net loss was $30.5 million or $0.14 a share, an improvement of $37.5 million compared to the third quarter of 2007. BearingPoint's shareholders' deficit was $469.2 million as of the close of the third quarter 2008.
In 2007, BearingPoint had differences with their major client
Hawaiian Telcom. due to issues with an IT system contract. On 7 February 2007, BearingPoint and Hawaiian Telcom reached a settlement of $52 million to end the partnership and erase an additional $30 million in previously submitted invoices.
On 10 December 2008, BearingPoint filed a Certificate of Amendment to the Certificate of Incorporation of the company with the Secretary of State of the State of Delaware to effect a previously approved reverse stock split of the company's outstanding common stock, par value $0.01 per share, at a ratio of one-for-fifty. The reverse stock split became effective at 6:01 p.m., Eastern Time, on 10 December 2008, at which time every fifty shares of Common Stock that were issued and outstanding automatically combined into one issued and outstanding share of Common Stock. On 13 November 2008, BearingPoint received notice from NYSE Regulation, Inc. (NYSE) that the NYSE had decided to suspend BearingPoint's common stock from trading prior to the market opening on 17 November 2008.
The company filed for Chapter 11 in the U.S. Bankruptcy Court in the Southern District of New York on 18 February 2009, with $2.23 billion in total debt and $1.76 billion in total assets as of 30 September. The filing included only the company's U.S. operations. Unable to sustain the heavy debt load resulting from ill-advised expansion moves, costly management errors and audit fees associated with the bankruptcy process, the company negotiated debt for equity swaps with its creditors and zeroed the value of its common shares, wiping out existing investors.
By May 2009, the company's Japan business unit and North American Commercial Services practice had been sold to PwC and its North American Public Services practice had been sold to Deloitte. Its Brazil unit was sold to
CSC CSC, Csc or CSc may refer to:
Awards
* Conspicuous Service Cross (disambiguation)
** Conspicuous Service Cross (Australia)
** Conspicuous Service Cross (New York)
** Conspicuous Service Cross (United Kingdom)
Science and industry
* Cancer ...
in July 2009 and its China unit was sold to
Perot Systems
Perot Systems was an information technology services provider founded in 1988 by a group of investors led by Ross Perot and based in Plano, Texas, United States. Perot Systems provided information technology services in the industries of health ...
in October of the same year.
August 2009 to present
On 28 August 2009, control of BearingPoint was transferred to its European management team, with continuing operations owned by about 150 partners in 13 countries throughout Europe. Peter Mockler, who had been serving as the EMEA leader for BearingPoint since 2006, and his management team continued to lead the organisation, providing leadership stability and continuity. Employing 3,709 people in the European region, the independent company kept the BearingPoint brand.
In Australia, BearingPoint completed a local management buy-out in September 2009. The China-based information technology company
HiSoft
HiSoft Technology International Limited was a multinational information technology and business process outsourcing company headquartered in Dalian, China.
Founded in 1996, HiSoft was listed on the NASDAQ public exchange in 2010.
In November 2 ...
acquired BearingPoint Australia for an undisclosed sum in July 2012.
The European BearingPoint partnership has grown its revenues since becoming independent, from €441 million in 2009 to €738 million (2021). It now has offices in 17 European countries, outside Europe the firm has offices in Asia, the Middle East, US and Africa.
Since 2009, BearingPoint has made acquisitions (see acquisitions section) across the globe and formed strategic alliances with
West Monroe Partners
West Monroe is a national management and technology consulting firm headquartered in Chicago, United States.
West Monroe provides professional consulting services to businesses across many industries, including consumer and industrial products, e ...
in North America, Grupo ASSA in South America, and ABeam in Asia. The expansion of the business has led to new subsidiaries in China, the US, Italy, the UAE, Portugal, Singapore, the Czech Republic, Luxembourg, and India.
In November 2020, BearingPoint sold their
regulatory technology
Regulatory technology, Abrv: RegTech, is the use of information technology to enhance regulatory and compliance processes. RegTech is most usefully applied to heavily regulated industries and activities such as financial services, gaming, healthc ...
business unit, BearingPoint RegTech to
Nordic Capital
Nordic Capital private equity funds focus on investments primarily in Northern Europe. Nordic Capital invests in selective industries with a particular focus on Healthcare, Tech & Payments and Financial Services. In addition selective investments ...
for an undisclosed fee, which since has become Regnology.
In November 2021, BearingPoint announced the spinning-off of its independent digital platform business unit, BearingPoint Beyond, which has since becom
Beyond Now
In February 2022, BearingPoint began a collaboration with
SAP
Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant.
Sap is distinct from latex, resin, or cell sap; it is a separ ...
for carbon neutrality.
In April 2022, BearingPoint entered a joint venture with
IFS calle
Arcwidefocusing on business transformation (see Acquisitions & Joint Ventures section).
References
External links
Official siteYouTube
{{DEFAULTSORT:Bearingpoint
International management consulting firms
International information technology consulting firms
Companies based in Amsterdam
Consulting firms established in 2000
Companies that filed for Chapter 11 bankruptcy in 2009