Company Research Report: BearingPoint

Company Overview

Name, Mission of the Company

Name: BearingPoint

Mission: To transform businesses for a better future and unleash the potential of people, technology, and ideas through collaboration and technology. The company is committed to sustainability, driving innovation, and creating lasting outcomes for clients and society.

History

Founded By: BearingPoint roots trace back to the early days of Arthur Andersen and KPMG.

Founded In: No specific founding date is mentioned.

Key People

Kiumars Hamidian: Managing Partner

Eric Conway: Regional Leader for Finland, Ireland, Netherlands, Norway, Italy, Sweden and UK

Andreas Flach: Chief Financial Officer

Iris Grewe: Regional Leader for Germany, Switzerland and Austria

Matthias Loebich: Regional Leader for the US and China

Damien Palacci: Global Leader Consulting Portfolio

Patrick Palmgren: Global Leader BearingPoint Capital

Axelle Paquer: Regional Leader for France, Belgium, Luxembourg and Africa

Dr. Stefan Penthin: Global Leader Market Segments

Hughes Verdier: Chief Operating Officer

Donald Wachs: Global Leader BearingPoint Products

Stephan Weber: Chief People Officer

Headquarters

Location: No specific headquarters location is mentioned.

Number of Employees

2023: 6,055 employees

Revenue

2023 Revenue: €1.017 billion

Notable Achievements

Known for blending global consulting with local delivery and specializing in business transformation, technology integration, and management consulting.

The company reached a revenue milestone of €1 billion in 2023.

Products

Products and Services Offered

Consulting: Covering advisory services in selected business areas.

Products: Delivering IP-driven digital assets and managed services for critical business processes.

Capital: Offering M&A and transaction services.

High-Level Description of the Products

Consulting: Business strategy, transformation, and technology consulting services tailored for multiple industry sectors.

Products: Incorporates innovative software solutions, and platforms like SAP, Salesforce, Microsoft among others.

Capital: Support for mergers, acquisitions, and investment into joint ventures.

Key Features of Products

Specific features for each product are not detailed in the given data.

Recent Developments

Recent Developments in the Company

Growth in China: BearingPoint has achieved fourfold growth in China.

Acquisitions:

Arcwide, a joint venture of BearingPoint and IFS, has acquired Enterprise Consulting Inc.

New Partnerships:

Collaboration with Icertis for a strategic partnership to enhance global contract management solutions.

New Products Launched

No information is available on specific new product launches.

New Features Added to Existing Products

No specific information is available on new features.

Notable Client Successes

Schule im Aufbruch: Implemented effective reporting using Salesforce to promote innovative education programs.

iRobot: Enhanced source-to-contract process, boosting growth capabilities.

Angelini Pharma: Seamless experience for healthcare professionals.

Encory: Enhanced economic circularity and profitability through strategic partnerships.

FUCHS China: Utilized SAP IBP for supply chain advantages.

Sonepar: Developed AI-based tools for credit management and sales growth.

Key Initiatives and Strategies

Sustainability: Committed to achieving science-based targets (SBTi) by reducing GHG emissions significantly by 2030.

Innovation: Continuous development of new digital assets and transformation tools.

Employee Development: Focused on training and development, with 260,000 hours of training delivered.

Conclusion

BearingPoint consistently demonstrates growth and innovation across various markets through strategic partnerships, acquisitions, and sustainability initiatives. With a robust global presence and a commitment to sustainability and innovation, the firm delivers substantial value to its clients while striving to make a positive societal impact.