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{{Short description|Multinational management and technology consulting firm company}}
{{Short description|Multinational consulting firm}}
{{Infobox company
{{Infobox company
| name = BearingPoint Europe Holdings B.V.
| name = BearingPoint Europe Holdings B.V.
| logo = BearingPoint 201x logo.svg
| logo = BearingPoint 201x logo.svg
| trade_name = BearingPoint
| trade_name = BearingPoint
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| type = [[Partnership]]
| former_name = KPMG Consulting<br />(1997–2002)
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| key_people = Kiumars Hamidian (Managing Partner)
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| type = [[Partnership]]
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| industry = [[Management consulting]], [[technology services]]
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| key_people = Kiumars Hamidian (Managing Partner)
| revenue = €863 million (2022)<ref name=":0" />
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| industry = [[Management consulting]], [[technology services]]
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| num_employees = 5,253 (2022)<ref name=":0" />
| revenue = €757 million (2020)<ref name="auto">{{cite web|url=https://www.bearingpoint.com/en/about-us/annualreport/|title=Annual Report 2020: Protect.Adapt.Accelerate | access-date=5 August 2021|publisher=BearingPoint}}</ref>
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| homepage = https://www.bearingpoint.com/
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| num_employees = 4,648 (2020)<ref name="auto"/>
| foundation = Founded 1997 - as a business unit of KPMG Consulting[1]<br />
| homepage =
January 2000 - KPMG Consulting, LLC<br />
| foundation = 1997<br /><small>(as a business unit of KPMG)</small><br />January 2000<br /><small>(KPMG Consulting, LLC)</small><br />October 2002<br /><small>(BearingPoint Inc.)</small><br />August 2009<br /><small>(BearingPoint Europe Holdings B.V.)</small>
October 2002 - BearingPoint Inc.<br />
| location = [[Amsterdam]], [[Netherlands]]
August 2009 - BearingPoint Europe Holdings B.V.<br />
| predecessor = [[KPMG|KPMG Consulting]]<ref>{{cite web|title=Corporations name change|url=http://www.famousnamechanges.net/html/corporate.htm|access-date=7 August 2011| archive-url= https://web.archive.org/web/20110717234318/http://www.famousnamechanges.net/html/corporate.htm| archive-date= 17 July 2011 | url-status= live}}</ref>
| predecessor = [[KPMG|KPMG Consulting]]<ref>{{cite web|title=Corporations name change |url=http://www.famousnamechanges.net/html/corporate.htm|access-date=7 August 2011 |archive-url= https://web.archive.org/web/20110717234318/http://www.famousnamechanges.net/html/corporate.htm |archive-date= 17 July 2011 |url-status=live}}</ref>
}}
}}


'''BearingPoint''' (parent company: '''BearingPoint Europe Holdings B.V.''') is a [[Multinational corporation|multinational]] [[management consulting|management]] and technology consulting firm headquartered in [[Amsterdam]], [[Netherlands]].<ref name=bloomprof>{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=61320644|title=Company Overview of BearingPoint Europe Holdings B.V.|access-date=24 October 2012|publisher=Bloomberg Businessweek}}</ref> It has operations in 23 countries with around 4,600 employees<ref name="auto"/> and is one of the largest management consultancies in Europe. In 2020, the firm delivered 1515 projects in 49 countries.<ref name="auto"/>
'''BearingPoint''' (parent company: '''BearingPoint Europe Holdings B.V.''') is an independent [[Multinational corporation|multinational]] [[management consulting|management]] and technology consulting firm with 47 offices across 24 countries and around 5,300 employees.<ref name=":0">{{cite web |date=2023-05-09 |title=Annual Report 2022 – A story of success |url=https://www.bearingpoint.com/en/about-us/annualreport/ |access-date=2023-06-15 |website=www.bearingpoint.com |language=en}}</ref> In 2022, the firm delivered 1,603 projects in more than 40 countries.<ref name=":0" />


== Awards and Recognitions ==
The firm originated from the consulting services operations of [[KPMG]]; they became a distinct business unit in 1997, and demerged entirely in 2000. After an [[IPO]] in 2001, the company was renamed '''BearingPoint Inc.''' in October 2002.
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 <ref>{{Cite web |last=FILLION" |first="STÉPHANIE |title=World's Best Management Consulting Firms 2022 |url=https://www.forbes.com/lists/worlds-best-management-consulting-firms/ |access-date=2022-09-14 |website=Forbes |language=en}}</ref>
* 2022 WealthBriefing Swiss Awards for Management Consultancy<ref>{{Cite web |title=The Ninth Annual WealthBriefing Swiss Awards 2022 – Clearview Publishing |url=https://clearviewpublishing.com/events/the-ninth-annual-wealthbriefing-swiss-awards-2022/ |access-date=2022-09-14 |website=clearviewpublishing.com}}</ref>
* 2022 Recognized as a Top Consulting Firm by Handelsblatt<ref>{{Cite news |title=Ranking 2022: Consultingfirmen suchen die Balance – Das sind die besten Unternehmensberater |language=de |url=https://www.handelsblatt.com/unternehmen/management/ranking-2022-consultingfirmen-suchen-die-balance-das-sind-die-besten-unternehmensberater/28547086.html |access-date=2022-09-14}}</ref>
* 2022 [[SAP]]® Pinnacle Award in the Sustainability Category<ref>{{Cite web |title=Pinnacle Award Winner in the Sustainability Category |url=https://bearingpoint.services/emissions-calculator/en/news/sap-pinnacle-award-2022-winner/ |access-date=2022-09-14 |website=bearingpoint.services |language=en}}</ref>
* Winner of the 2021 [[IFS AB|IFS]] Growth Partner of the Year award
* Recognized as a Major Player in the [[International Data Group|IDC]] MarketScape: Worldwide Smart Manufacturing Service Providers 2021 Vendor Assessment
* Visionary in the 2021 [[Gartner]] Magic Quadrant™ for CRM and Customer Experience Implementation Services
* 2021 [[SAP]]® Pinnacle Award in the Partner Application of the Year – Industry Cloud Category
* 2021 WirtschaftsWoche Best of Consulting Award <ref>{{cite web |date=2019-09-04 |title=Central Banking FinTech & RegTech Global Awards 2019 |url=https://www.centralbanking.com/node/4412151 |access-date=2022-09-14 |website=Central Banking |language=en}}</ref>
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* 2019 FinTech & RegTech Global Award Distributed Ledger Technology Provider of the Year<ref>{{Cite web |date=2019-09-04 |title=Central Banking FinTech & RegTech Global Awards 2019 |url=https://www.centralbanking.com/node/4412151 |access-date=2022-09-14 |website=Central Banking |language=en}}</ref>
* 2018 Three Catalyst project awards at Digital Transformation World - BearingPoint // Beyond with Infonova – won the TM Forum Digital Excellence OPEN API Award.<ref>{{cite web |last1=LinkedIn |last2=me |first2=Contact |date=2018-07-02 |title=BearingPoint//Beyond with Infonova, wins 4 awards at DTW 2018 |url=https://www.bearingpoint.com/en-gb/about-us/news-and-media/news/bearingpoint-beyond-infonova-winner-of-4-awards/ |access-date=2022-09-14 |website=www.bearingpoint.com |language=en |archive-date=2022-09-14 |archive-url=https://web.archive.org/web/20220914165925/https://www.bearingpoint.com/en-gb/about-us/news-and-media/news/bearingpoint-beyond-infonova-winner-of-4-awards/ |url-status=dead }}</ref>


== 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)<ref>{{cite web |date=2022-05-11 |title=BearingPoint and I Care join forces to create an international champion of impactful transformation |url=https://www.businesswire.com/news/home/20220511005473/en/BearingPoint-and-I-Care-join-forces-to-create-an-international-champion-of-impactful-transformation |access-date=2022-09-14 |website=www.businesswire.com |language=en}}</ref>
* Disphere tech, a Germany-based provider of sales support for financial services businesses. This acquisition included disphere’s [[Cloud computing|cloud]] platform diContract, which automates and digitises processes such as customer onboarding (2022)<ref>{{cite web |date=2022-06-03 |title=BearingPoint acquires disphere tech and its {{Proper name|diContract}} solution |url=https://www.consultancy.eu/news/7718/bearingpoint-acquires-disphere-tech-and-its-dicontract-solution |access-date=2022-09-14 |website=www.consultancy.eu |language=en}}</ref>
* Steerio, a Paris-based engagement platform ([[Software as a service|SaaS]]) that leverages smart analytics (2020)<ref>{{cite web |date=2020-09-17 |title=BearingPoint acquires Steerio to boost collaboration offerings |url=https://www.consultancy.eu/news/4883/bearingpoint-acquires-steerio-to-boost-collaboration-offerings |access-date=2022-09-14 |website=www.consultancy.eu |language=en}}</ref>
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* YouMeO, a Paris-based strategy and innovation agency (2020)
* Prederi, a consultancy focused on public services in the UK (2019)<ref>{{cite web |date=2019-06-24 |title=BearingPoint acquires UK public services consultancy Prederi |url=https://www.consultancy.uk/news/21666/bearingpoint-acquires-uk-public-services-consultancy-prederi |access-date=2022-09-14 |website=www.consultancy.uk |language=en}}</ref>
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* Inpuls, a data specialist in Belgium (2018)
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* LCP Consulting, a UK-based international specialist consultancy in customer-driven supply chain management (2017)
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* Magenta, a digital management consultancy in the Nordics (2015)
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* Trinity Horne, a UK-based operational performance consultancy (2013)
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* RiValue, a German-based risk management and reporting specialist (2013)
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* HyperCube, a business analytics software, in which BearingPoint acquired a major stake (2011)

=== Arcwide ===
Arcwide is a joint venture with [[IFS AB|IFS]], established in April 2022 which focuses on business transformation.<ref>{{cite web |date=2022-03-08 |title=BearingPoint and IFS joint venture confirmed: Arcwide to launch in April 2022 |url=https://www.businesswire.com/news/home/20220308005649/en/BearingPoint-and-IFS-joint-venture-confirmed-Arcwide-to-launch-in-April-2022 |access-date=2022-09-14 |website=www.businesswire.com |language=en}}</ref>

== Management ==
The BearingPoint management team comprises leaders from all over Europe and across industries and services:<ref>{{cite web |date=2017-01-04 |title=Meet our People |url=https://www.bearingpoint.com/en/about-us/global-management-team/ |access-date=2022-09-14 |website=www.bearingpoint.com |language=en}}</ref>

* 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.


BearingPoint became one of the world's largest providers of management and technology consulting services, with operations in more than 60 countries and approximately 17,100 employees. In February 2009 the company's US unit filed for Chapter 11 bankruptcy.<ref>{{cite news|url=https://www.forbes.com/feeds/afx/2009/02/18/afx6065090.html |work=Forbes |title=BearingPoint files for bankruptcy protection |date=18 February 2009 |url-status=dead |archive-url=https://web.archive.org/web/20101227181313/http://www.forbes.com/feeds/afx/2009/02/18/afx6065090.html |archive-date=December 27, 2010 }}</ref> Following restructuring and a [[management buyout]] in August 2009, BearingPoint's continuing operations were organized as a Netherlands-based [[partnership]].


==History==
==History==
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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]]’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]] under the ticker "BE."
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]]’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]] under the ticker "BE."


After the [[2003 invasion of Iraq]], the company acquired a $9 million contract to outline and implement new economic regulations and institutions for the country, heavily focusing on [[Neoliberalism|neoliberal]] policies such as large-scale [[privatization]]s.<ref>{{Cite web|url=https://www.wsj.com/articles/SB105916879097995600|title=BearingPoint Gets Contract To Help Rebuild Iraq Economy|first=Peter LoftusDow Jones|last=Newswires|date=July 25, 2003|via=www.wsj.com}}</ref><ref>{{Cite web|url=https://www.informationweek.com/bearingpoint-wins-9-million-iraq-contrac/12803142|title=BearingPoint Wins $9 Million Iraq Contract|website=InformationWeek}}</ref><ref>Robert Looney, "The Neoliberal Model's Planned Role in Iraq's Economic Transition", Middle East Journal, Vol. 57, No. 4 (Autumn 2003), pp. 568-586.</ref> 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."<ref>{{Cite web|url=http://www.independent.co.uk/news/world/americas/shock-and-oil-iraqs-billions-amp-the-white-house-connection-431977.html|title=Shock and oil: Iraq's billions & the White House connection|date=January 14, 2007|website=The Independent}}</ref>
After the [[2003 invasion of Iraq]], the company acquired a $9 million contract to outline and implement new economic regulations and institutions for the country, heavily focusing on [[Neoliberalism|neoliberal]] policies such as large-scale [[privatization]]s.<ref>{{cite news|url=https://www.wsj.com/articles/SB105916879097995600|title=BearingPoint Gets Contract To Help Rebuild Iraq Economy|first=Peter LoftusDow Jones|last=Newswires|newspaper=Wall Street Journal |date=July 25, 2003|via=www.wsj.com}}</ref><ref>{{cite web|url=https://www.informationweek.com/bearingpoint-wins-9-million-iraq-contrac/12803142|title=BearingPoint Wins $9 Million Iraq Contract|website=InformationWeek}}{{Dead link|date=October 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>Robert Looney, "The Neoliberal Model's Planned Role in Iraq's Economic Transition", Middle East Journal, Vol. 57, No. 4 (Autumn 2003), pp. 568-586.</ref> 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."<ref>{{cite web|url=http://www.independent.co.uk/news/world/americas/shock-and-oil-iraqs-billions-amp-the-white-house-connection-431977.html|title=Shock and oil: Iraq's billions & the White House connection|date=January 14, 2007|website=The Independent}}</ref>


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.<ref>{{Cite web|url=https://www.forbes.com/feeds/ap/2007/09/07/ap4095049.html|title=BearingPoint financial report|website=[[Forbes]] }}{{dead link|date=January 2022|bot=medic}}{{cbignore|bot=medic}}</ref> 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.<ref>{{cite web |url=http://media.corporate-ir.net/media_files/irol/12/121861/2007Q2Form10-Q.pdf |title=Quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 |website=U.S. Securities and Exchange Commission |date=30 June 2007 }}</ref> 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.<ref>[http://phx.corporate-ir.net/phoenix.zhtml?c=121861&p=irol-newsArticle&ID=1224667&highlight] {{dead link|date=July 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> 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.<ref>{{cite web |url=http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5968563&format=PDF |title=IR Services &#124; Morningstar U.S |access-date=2016-02-07 |url-status=dead |archive-url=https://archive.today/20120709071551/http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5968563&format=PDF |archive-date=2012-07-09 }}</ref>
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.<ref>{{cite web|url=https://www.forbes.com/feeds/ap/2007/09/07/ap4095049.html|title=BearingPoint financial report|website=[[Forbes]]}} {{dead link|date=January 2022|bot=medic}}{{cbignore|bot=medic}}</ref> 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.<ref>{{Citation |title=Corporate Social (Ir)Responsibility in Media and Communication Industries |date=2015-01-01 |url=https://openaccess.city.ac.uk/id/eprint/2906/1/Sandoval%20Javnost%203-2013-4%283%29.pdf |work=Media and Left |pages=166–189 |publisher=BRILL |doi=10.1163/9789004272934_011 |isbn=9789004272934 |access-date=2022-09-21 |last1=Sandoval |first1=Marisol }}</ref> 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.<ref>{{cite web |url=http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5968563&format=PDF |title=IR Services &#124; Morningstar U.S |access-date=2016-02-07 |url-status=dead |archive-url=https://archive.today/20120709071551/http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5968563&format=PDF |archive-date=2012-07-09}}</ref>


BearingPoint had difficulties with several major clients, including an outsourcing arrangement with [[Hawaiian Telcom]].<ref>[http://the.honoluluadvertiser.com/article/2006/Nov/08/bz/FP611080316.html Hawaiian Telcom at odds with biller | The Honolulu Advertiser | Hawaii's Newspaper]. The Honolulu Advertiser (2006-11-08). Retrieved on 2013-07-19.</ref> On 7 February 2007, BearingPoint announced that it had reached a settlement with Hawaiian Telcom due to issues with an IT system contract, paying the Hawaii telco $52 million and erasing an additional $30 million in previously submitted invoices. In exchange, Hawaiian Telcom released BearingPoint from any further liability. A day later, Hawaiian Telcom announced that it had signed a contract with [[Accenture]] to take over BearingPoint's role in their systems development.<ref>{{Cite web|url=http://archives.starbulletin.com/2007/02/09/business/story01.html|title=starbulletin.com &#124; Business &#124; /2007/02/09/|website=archives.starbulletin.com}}</ref>
In 2007, BearingPoint had differences with their major client [[Hawaiian Telcom]].<ref>[http://the.honoluluadvertiser.com/article/2006/Nov/08/bz/FP611080316.html Hawaiian Telcom at odds with biller | The Honolulu Advertiser | Hawaii's Newspaper]. The Honolulu Advertiser (2006-11-08). Retrieved 2013-07-19.</ref> 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&nbsp;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.<ref>{{Cite web|url=https://finance.yahoo.com/|title=Yahoo Finance - Stock Market Live, Quotes, Business & Finance News|website=finance.yahoo.com}}</ref>
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.<ref>{{cite web|url=https://finance.yahoo.com/|title=Yahoo Finance - Stock Market Live, Quotes, Business & Finance News|website=finance.yahoo.com}}</ref>


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.
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<ref>[http://www.pwcadvisory.co.jp/e/news/2009/0324.html プライスウォーターハウスクーパース株式会社]. Pwcadvisory.co.jp. Retrieved on 2013-07-19.</ref> and its North American Public Services practice had been sold to Deloitte.<ref>{{cite news| url=http://www.bizjournals.com/washington/stories/2009/05/04/daily103.html | first=Darlene | last=Darcy | title=Deloitte closes BearingPoint purchase | date=May 8, 2009}}</ref> Its Brazil unit was sold to [[Computer Sciences Corporation|CSC]] in July 2009<ref>[http://www.csc.com/newsroom/press_releases/29337-csc_enters_into_agreement_to_acquire_bearingpoint_operation_in_brazil Csc Enters Into Agreement To Acquire Bearingpoint Operation In Brazil]. Csc.com. Retrieved on 2013-07-19.</ref> and its China unit was sold to [[Perot Systems]] in October of the same year.<ref>{{Cite web|url=https://www.rossperot.com/|archive-url=https://web.archive.org/web/20091218035813/http://www.perotsystems.com/MediaRoom/NewsReleases?s=43&item=554|url-status=dead|title=Ross Perot|archive-date=December 18, 2009|website=www.rossperot.com}}</ref>
By May 2009, the company's Japan business unit and North American Commercial Services practice had been sold to PwC<ref>[http://www.pwcadvisory.co.jp/e/news/2009/0324.html プライスウォーターハウスクーパース株式会社]{{Dead link|date=October 2023 |bot=InternetArchiveBot |fix-attempted=yes }}. Pwcadvisory.co.jp. Retrieved 2013-07-19.</ref> and its North American Public Services practice had been sold to Deloitte.<ref>{{cite news |url=http://www.bizjournals.com/washington/stories/2009/05/04/daily103.html |first=Darlene |last=Darcy |title=Deloitte closes BearingPoint purchase |date=May 8, 2009}}</ref> Its Brazil unit was sold to [[Computer Sciences Corporation|CSC]] in July 2009<ref>[http://www.csc.com/newsroom/press_releases/29337-csc_enters_into_agreement_to_acquire_bearingpoint_operation_in_brazil Csc Enters Into Agreement To Acquire Bearingpoint Operation In Brazil]. Csc.com. Retrieved 2013-07-19.</ref> and its China unit was sold to [[Perot Systems]] in October of the same year.<ref>{{Cite web |date=2009-10-12 |title=Perot Systems to buy BearingPoint China Consulting |url=https://www.finextra.com/pressarticle/30198/perot-systems-to-buy-bearingpoint-china-consulting |access-date=2022-09-21 |website=Finextra Research |language=en}}</ref>


===August 2009 to present===
===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 21 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.<ref>[http://www.bearingpointconsulting.com/content/press_7913.htm BearingPoint - Business Consulting firm] {{webarchive|url=https://web.archive.org/web/20110207152350/http://www.bearingpointconsulting.com/content/press_7913.htm |date=2011-02-07 }}. Bearingpointconsulting.com. Retrieved on 2013-07-19.</ref>
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.<ref>{{Cite web |date=2016-12-15 |title=Our History |url=https://www.bearingpoint.com/en/about-us/our-journey/ |access-date=2022-09-21 |website=www.bearingpoint.com |language=en}}</ref>


In Australia, BearingPoint completed a local management buy-out in September 2009. The China-based information technology company [[HiSoft]] acquired BearingPoint Australia for an undisclosed sum in July 2012.<ref>{{cite news|url=http://www.theaustralian.com.au/australian-it/it-business/bearingpoint-buyout-gives-hisoft-a-toehold/story-e6frganx-1226480530537|title=BearingPoint buyout gives HiSoft a toehold |access-date=23 October 2012|publisher=The Australian|date=25 September 2012}}</ref>
In Australia, BearingPoint completed a local management buy-out in September 2009. The China-based information technology company [[HiSoft]] 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 €781 million (2019).<ref name="auto"/> It now has offices in 19 European countries, outside EMEA the firm has offices in Asia and the US, as part of its strategy of expanding its reach across the G-20 countries and globally. To this end, BearingPoint also formed strategic alliances with West Monroe Partners in North America, Grupo ASSA in South America and ABeam in Asia.<ref>{{cite news|url=https://www.consultancy.eu/news/2718/bearingpoints-leaders-on-the-firms-growth-and-ambitions|title=BearingPoint's leaders on the firm's growth and ambitions |access-date=17 September 2019|publisher=Consultancy Europe|date=20 May 2019}}</ref>
The European BearingPoint partnership has grown its revenues since becoming independent, from €441 million in 2009 to €738 million (2021).<ref>{{Cite web |date=2022-05-04 |title=Annual Report 2021 – Together we are more than business |url=https://www.bearingpoint.com/en/about-us/annualreport/ |access-date=2022-09-21 |website=www.bearingpoint.com |language=en}}</ref> It now has offices in 17 European countries, outside Europe the firm has offices in Asia, the Middle East, US and Africa.
BearingPoint has also made a number of targeted acquisitions:<ref>{{cite web|url=https://www.bearingpoint.com/en/about-us/annualreport/|title=Annual Report 2020: Protect.Adapt.Accelerate | access-date=25 August 2021|publisher=BearingPoint}}</ref>
* Steerio, a Paris-based engagement platform (SaaS) 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)


Since 2009, BearingPoint has made acquisitions (see acquisitions section) across the globe and formed strategic alliances with [[West Monroe Partners]] 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 September 2019, BearingPoint RegTech was awarded the FinTech & RegTech Global Award 2019 in the "Distributed Ledger Technology Provider of the Year" category by Central Banking.<ref>{{Cite web|url=https://www.centralbanking.com/node/4412151|title=Central Banking FinTech & RegTech Global Awards 2019|date=2019-09-04|website=Central Banking|language=en|access-date=2020-03-16}}</ref>


In November 2020, BearingPoint sold their [[regulatory technology]] business unit, BearingPoint RegTech to [[Nordic Capital]] for an undisclosed fee, which since has become Regnology.<ref>{{Cite news |title=Nordic Capital acquires RegTech, a leading provider of regulatory reporting software |url=https://www.bloomberg.com/press-releases/2020-11-04/nordic-capital-acquires-regtech-a-leading-provider-of-regulatory-reporting-software |access-date=2023-05-26 |newspaper=Bloomberg|date=4 November 2020 }}</ref>
==Operations==
BearingPoint is organized into three business units: Consulting, Business Services, and Capital.


In November 2021, BearingPoint announced the spinning-off of its independent digital platform business unit, BearingPoint Beyond, which has since become Beyond Now.
Consulting is divided into nine market segments (Automotive; Banking & Capital Markets; Chemicals, Life Sciences & Resources; Consumer Goods & Retail; Industrial
Equipment & Manufacturing; Insurance; Communications, Media & Entertainment; Government & Public Sector; Utilities, Postal & Transportation) and five service lines (People & Strategy; Customer & Growth; Finance & Risk; Operations; Technology).


In February 2022, BearingPoint began a collaboration with [[SAP]] for [[carbon neutrality]].<ref>{{Cite web |date=2022-02-18 |title=SAP teams up with BearingPoint to advance its zero emission solutions |url=https://www.consultancy.eu/news/7383/sap-teams-up-with-bearingpoint-to-advance-its-zero-emission-solutions |access-date=2022-09-21 |website=www.consultancy.eu |language=en}}</ref> In April 2022, BearingPoint entered a joint venture with [[IFS AB|IFS]] called [https://www.arcwide.com/ Arcwide] focusing on business transformation (see Acquisitions & Joint Ventures section).
Business Services offers IP ASSET driven services such as Nitro, an AI-based business planning solution{{buzzword inline|date=December 2021}}, or BearingPoint's Emissions Calculator, a solution{{buzzword inline|date=December 2021}} which enables users to measure their {{CO2}} footprint. All Assets can be found in BE Store <ref>{{cite web|url=https://www.bearingpoint.com/en/store/|title=BearingPoint Store |access-date=2 April 2022|publisher=BearingPoint}}</ref>


Capital offers M&A services of various kinds - holistic support during the entire transaction process – from defining seller or buyer criteria to closing the deal. BE Capital continuously provides diligence services to both buyers and sellers where tech and tech-enabled companies are in the focal point.


Former unit: Software Solutions comprises regulatory technology (BearingPoint RegTech) and digital platform / digital ecosystem management solutions{{buzzword inline|date=December 2021}} (BearingPoint Beyond).<ref>{{cite web|url=https://www.bearingpoint.com/en/about-us/annualreport/|title=Annual Report 2019: This is Future Ready |access-date=7 July 2020|publisher=BearingPoint}}</ref>


==References==
==References==
{{Reflist}}
{{Reflist}}

== External links ==

⚫
*[https://www.bearingpoint.com/en/ Official site]
*[https://www.youtube.com/channel/UC5qjxTr2S00Fvzsp1tttpNw YouTube]


{{Consulting}}
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Revision as of 17:46, 26 February 2024

BearingPoint Europe Holdings B.V.
BearingPoint
Company typePartnership
IndustryManagement consulting, technology services
PredecessorKPMG Consulting[1]
FoundedFounded 1997 - as a business unit of KPMG Consulting[1]

January 2000 - KPMG Consulting, LLC
October 2002 - BearingPoint Inc.

August 2009 - BearingPoint Europe Holdings B.V.
Key people
Kiumars Hamidian (Managing Partner)
Revenue€863 million (2022)[2]
Number of employees
5,253 (2022)[2]
Websitehttps://www.bearingpoint.com/

BearingPoint (parent company: BearingPoint Europe Holdings B.V.) is an independent multinational management and technology consulting firm with 47 offices across 24 countries and around 5,300 employees.[2] In 2022, the firm delivered 1,603 projects in more than 40 countries.[2]

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 [3]
  • 2022 WealthBriefing Swiss Awards for Management Consultancy[4]
  • 2022 Recognized as a Top Consulting Firm by Handelsblatt[5]
  • 2022 SAP® Pinnacle Award in the Sustainability Category[6]
  • 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 Magic Quadrant™ for CRM and Customer Experience Implementation Services
  • 2021 SAP® Pinnacle Award in the Partner Application of the Year – Industry Cloud Category
  • 2021 WirtschaftsWoche Best of Consulting Award [7]
  • 2019 FinTech & RegTech Global Award Distributed Ledger Technology Provider of the Year[8]
  • 2018 Three Catalyst project awards at Digital Transformation World - BearingPoint // Beyond with Infonova – won the TM Forum Digital Excellence OPEN API Award.[9]


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)[10]
  • Disphere tech, a Germany-based provider of sales support for financial services businesses. This acquisition included disphere’s cloud platform diContract, which automates and digitises processes such as customer onboarding (2022)[11]
  • Steerio, a Paris-based engagement platform (SaaS) that leverages smart analytics (2020)[12]
  • YouMeO, a Paris-based strategy and innovation agency (2020)
  • Prederi, a consultancy focused on public services in the UK (2019)[13]
  • 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

Arcwide is a joint venture with IFS, established in April 2022 which focuses on business transformation.[14]

Management

The BearingPoint management team comprises leaders from all over Europe and across industries and services:[15]

  • 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, 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’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 under the ticker "BE."

After the 2003 invasion of Iraq, 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 privatizations.[16][17][18] 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."[19]

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.[20] 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.[21] 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.[22]

In 2007, BearingPoint had differences with their major client Hawaiian Telcom.[23] 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.[24]

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[25] and its North American Public Services practice had been sold to Deloitte.[26] Its Brazil unit was sold to CSC in July 2009[27] and its China unit was sold to Perot Systems in October of the same year.[28]

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.[29]

In Australia, BearingPoint completed a local management buy-out in September 2009. The China-based information technology company HiSoft 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).[30] 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 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 business unit, BearingPoint RegTech to Nordic Capital for an undisclosed fee, which since has become Regnology.[31]

In November 2021, BearingPoint announced the spinning-off of its independent digital platform business unit, BearingPoint Beyond, which has since become Beyond Now.

In February 2022, BearingPoint began a collaboration with SAP for carbon neutrality.[32] In April 2022, BearingPoint entered a joint venture with IFS called Arcwide focusing on business transformation (see Acquisitions & Joint Ventures section).


References

  1. ^ "Corporations name change". Archived from the original on 17 July 2011. Retrieved 7 August 2011.
  2. ^ a b c d "Annual Report 2022 – A story of success". www.bearingpoint.com. 2023-05-09. Retrieved 2023-06-15.
  3. ^ FILLION", "STÉPHANIE. "World's Best Management Consulting Firms 2022". Forbes. Retrieved 2022-09-14.
  4. ^ "The Ninth Annual WealthBriefing Swiss Awards 2022 – Clearview Publishing". clearviewpublishing.com. Retrieved 2022-09-14.
  5. ^ "Ranking 2022: Consultingfirmen suchen die Balance – Das sind die besten Unternehmensberater" (in German). Retrieved 2022-09-14.
  6. ^ "Pinnacle Award Winner in the Sustainability Category". bearingpoint.services. Retrieved 2022-09-14.
  7. ^ "Central Banking FinTech & RegTech Global Awards 2019". Central Banking. 2019-09-04. Retrieved 2022-09-14.
  8. ^ "Central Banking FinTech & RegTech Global Awards 2019". Central Banking. 2019-09-04. Retrieved 2022-09-14.
  9. ^ LinkedIn; me, Contact (2018-07-02). "BearingPoint//Beyond with Infonova, wins 4 awards at DTW 2018". www.bearingpoint.com. Archived from the original on 2022-09-14. Retrieved 2022-09-14.
  10. ^ "BearingPoint and I Care join forces to create an international champion of impactful transformation". www.businesswire.com. 2022-05-11. Retrieved 2022-09-14.
  11. ^ "BearingPoint acquires disphere tech and its diContract solution". www.consultancy.eu. 2022-06-03. Retrieved 2022-09-14.
  12. ^ "BearingPoint acquires Steerio to boost collaboration offerings". www.consultancy.eu. 2020-09-17. Retrieved 2022-09-14.
  13. ^ "BearingPoint acquires UK public services consultancy Prederi". www.consultancy.uk. 2019-06-24. Retrieved 2022-09-14.
  14. ^ "BearingPoint and IFS joint venture confirmed: Arcwide to launch in April 2022". www.businesswire.com. 2022-03-08. Retrieved 2022-09-14.
  15. ^ "Meet our People". www.bearingpoint.com. 2017-01-04. Retrieved 2022-09-14.
  16. ^ Newswires, Peter LoftusDow Jones (July 25, 2003). "BearingPoint Gets Contract To Help Rebuild Iraq Economy". Wall Street Journal – via www.wsj.com.
  17. ^ "BearingPoint Wins $9 Million Iraq Contract". InformationWeek.[permanent dead link‍]
  18. ^ Robert Looney, "The Neoliberal Model's Planned Role in Iraq's Economic Transition", Middle East Journal, Vol. 57, No. 4 (Autumn 2003), pp. 568-586.
  19. ^ "Shock and oil: Iraq's billions & the White House connection". The Independent. January 14, 2007.
  20. ^ "BearingPoint financial report". Forbes. [dead link‍]
  21. ^ Sandoval, Marisol (2015-01-01), "Corporate Social (Ir)Responsibility in Media and Communication Industries" (PDF), Media and Left, BRILL, pp. 166–189, doi:10.1163/9789004272934_011, ISBN 9789004272934, retrieved 2022-09-21
  22. ^ "IR Services | Morningstar U.S". Archived from the original on 2012-07-09. Retrieved 2016-02-07.
  23. ^ Hawaiian Telcom at odds with biller | The Honolulu Advertiser | Hawaii's Newspaper. The Honolulu Advertiser (2006-11-08). Retrieved 2013-07-19.
  24. ^ "Yahoo Finance - Stock Market Live, Quotes, Business & Finance News". finance.yahoo.com.
  25. ^ プライスウォーターハウスクーパース株式会社[permanent dead link‍]. Pwcadvisory.co.jp. Retrieved 2013-07-19.
  26. ^ Darcy, Darlene (May 8, 2009). "Deloitte closes BearingPoint purchase".
  27. ^ Csc Enters Into Agreement To Acquire Bearingpoint Operation In Brazil. Csc.com. Retrieved 2013-07-19.
  28. ^ "Perot Systems to buy BearingPoint China Consulting". Finextra Research. 2009-10-12. Retrieved 2022-09-21.
  29. ^ "Our History". www.bearingpoint.com. 2016-12-15. Retrieved 2022-09-21.
  30. ^ "Annual Report 2021 – Together we are more than business". www.bearingpoint.com. 2022-05-04. Retrieved 2022-09-21.
  31. ^ "Nordic Capital acquires RegTech, a leading provider of regulatory reporting software". Bloomberg. 4 November 2020. Retrieved 2023-05-26.
  32. ^ "SAP teams up with BearingPoint to advance its zero emission solutions". www.consultancy.eu. 2022-02-18. Retrieved 2022-09-21.
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