CSC plans to buy BearingPoint operations in Brazil Jul 11, 2009
CSC, formerly known as Computer Sciences Corp., has entered into an agreement to acquire BearingPoints Brazilian operation, which specializes in consulting and systems integration services ... The transaction is expected to be completed by July 31, subject to the satisfaction of customary closing conditions and the approval of the court overseeing BearingPoint's corporate reorganization. (FCW.com)
CSC Enters Into Agreement to Acquire BearingPoint Operation in Brazil Jul 10, 2009
July 10 /PRNewswire-FirstCall/ -- CSC (NYSE: ) today announced that it has entered into an agreement to acquire BearingPoint's Brazilian operation, which specializes in consulting and systems integration services ... The transaction is expected to be complete by July 31, 2009, and is subject to the satisfaction of customary closing conditions and the approval of the court overseeing BearingPoint's corporate reorganization. (PR Newswire)
British hostages 'were shot dead' Jun 30, 2009
Mr Moore had been working for American management consultancy Bearingpoint, while the other men were contractors employed to guard him. The bodies of Mr Swindlehurst and Mr Creswell were flown to RAF Lyneham in Wiltshire last Friday. (BBC News)
Bodies of Iraq hostages returned to Britain Jun 27, 2009
They were protecting the fifth Briton, a computer analyst with U.S.-based BearingPoint. Don't Miss. (CNN -- World)
Keane picks up a New York piece of BearingPoint Jun 24, 2009
The dismantling of BearingPoint Inc. continues with the sale of some remaining portions of its public services business to Keane Inc.. Keane is picking up BearingPoints New York City practice, a move that will strengthen Keane's state and local business, company officials said ... BearingPoint is being sold off in pieces as part of its plan to emerge from bankruptcy. (FCW.com)
Amid security concerns, foes of Karzai see electoral opening Jun 23, 2009
When the US government hired defense contractor BearingPoint to supply him with an adviser to rein him in, the first task Ghani asked the young American to do was draw up a memo kicking BearingPoint out of the country. But now Americans seem eager for any leader capable of managing the chaos. (Boston Globe)
Dead British hostages named Jun 22, 2009
Mr Moore had been working for American management consultancy Bearingpoint when he was kidnapped, while the other men were contractors employed to guard him. Bookmark with. (BBC News -- UK)
Five British hostages: Timeline Jun 21, 2009
He works for American management consultancy Bearingpoint. Bookmark with. (BBC News -- UK)
British hostages' bodies recovered in Iraq Jun 21, 2009
Moore was working in Iraq for BearingPoint, a U.S.-based management consulting firm. The four other men identified only as Alan, Alec and two men named Jason worked for Canadian security firm GardaWorld. (MSNBC -- International)
Families await Iraq bodies tests Jun 21, 2009
One of the men is Peter Moore, an IT consultant from Lincoln who was working in Iraq for BearingPoint, an American management consultancy. The four other men, understood to be named Jason, who has family in Aberdeen, Alan, from Dumbarton, another Jason and Alec, were Mr Moore's security guards, employed by the Canadian security firm GardaWorld. (BBC News -- UK)
BearingPoint completes sale to PricewaterhouseCoopers Jun 17, 2009
It is the latest asset sale for McLean-based BearingPoint, which filed for bankruptcy protection in February under the weight of $1 billion in debt. Last month, Deloitte LLP completed its $350 million acquisition of BearingPoint s largest business segment, its North American public services practice ... PricewaterhouseCoopers says it has assumed some of BearingPoint s existing contracts and hired 800 BearingPoint consultants. (Washington Business Journal, DC)
State says motor vehicle registration lines getting better, but still not back to normal Jun 16, 2009
The Department of Justice says a big problem came when the original vendor that built the program, BearingPoint, filed for protection in U.S. Bankruptcy Court and stopped fulfilling its obligation to fix bugs under the contract price. That means the state must hire other programmers and vendors to fix it, and left open the possibility the state could exceed the 28 million allocated for the MERLIN computer program. (Helena Independent Record, MT)
DMV lines: It’s going to be a long summer’ Jun 5, 2009
" Fasbender said about 6 million of the original 28 million is available for fixing bugs and finishing a record keeping portion of the system. But since the original vendor that bui l t the program, BearingPoint, has filed for protection in U.S. Bankruptcy Court it is not fulfilling its obligation to fix bugs under the contract price. That means the state must hire other programmers and vendors to fix it. Supporters said the state is getting a good deal on a program for which other states are... (Havre Daily News, MT)
DMV lines: ‘It's going to be a long summer' Jun 4, 2009
But since the original vendor that built the program, BearingPoint, has filed for protection in U.S. Bankruptcy Court it is not fulfilling its obligation to fix bugs under the contract price ... That's part of the problem: BearingPoint bid too little and was losing money all along on the contract. (Missoulian, MT)
Motor vehicle division: Services to restart following tech woes Jun 3, 2009
In 2005, the state laid off at least a half-dozen people hired to work on the project and handed it over to BearingPoint, an international business consulting firm based in Virginia ... BearingPoint teamed up with Archon Technologies of Denver on the project, and 3M bought Archon in 2006 ... Then, last December, BearingPoint filed for bankruptcy. (Missoulian, MT)
GM judge has experience with landmark cases Jun 2, 2009
Other cases Gerber has handled include that of consultancy BearingPoint, which recently sold large portions of its assets to accounting firms Pricewaterhouse Coopers and Deloitte. "In many cases, a judge shows efficiency and knows the process but this situation will require judgment," said Sheon Karol, a partner with restructuring firm CRG Partners, calling GM a "historic" case. (USA Today -- Money)
U.S. Bankruptcy Court Approves Purchase by PricewaterhouseCoopers of Significant Segments of BearingPoint's North American Commercial Services Business and Shanghai, China Global Delivery Center May 29, 2009
NEW YORK, May 28, 2009 (GLOBE NEWSWIRE) -- PricewaterhouseCoopers LLP (PwC) announced today that the U.S. Bankruptcy Court for the Southern District of New York approved the purchase by PwC of significant portions of BearingPoint's North American Commercial Services practice, and its Global Delivery Center (GDC) in Shanghai, China. A subsidiary of PwC had separately agreed to purchase BearingPoint's GDC in Bangalore, India in a transaction that did not require approval of the U.S. Bankruptcy... (Primezone Releases)
Families' hope for Iraq hostages May 28, 2009
Mr Moore had been working for American management consultancy Bearingpoint when he was kidnapped, while the other men were contractors employed to guard him. In the latest video, released in March, he spoke in the plural which indicated the captives were being held together and not separately as previously thought, Mrs Sweeney said. (BBC News -- UK)
New appeal over kidnapped Britons May 28, 2009
Mr Moore had been working for American management consultancy Bearingpoint, while the others were employed to guard him. Mr Miliband said he was "totally committed" to working for the release of the men and backed their families' humanitarian appeals. (BBC News)
PwC's return to consultancy sparks conflict allegations May 28, 2009
On Wednesday, a court hearing in New York considered a $25m bid from PricewaterhouseCoopers (PwC) for the North American commercial services wing of failed consultancy BearingPoint (formerly KPMG Consulting) ... A series of mishaps, blunders and adverse market conditions forced BearingPoint (formerly KPMG Consulting) to seek Chapter 11 bankruptcy protection in February ... The firm reached an agreement to sell its North American Public Services unit to to Deloitte for $350m, while PwC also put... (Accounting Web, UK)
Infy drops Satyam from rivals' list May 12, 2009
Infosys has said that it competes with "consulting firms such as Accenture Limited, Atos Origin, BearingPoint Inc, CapGemini SA, and Deloitte Consulting LLP". Besides, it also competes with divisions of large global technology firms such as HP and IBM; IT outsourcing firms such as Computer Sciences Corp, Keane, Logica and Perot Systems; and offshore technology services firms such as Cognizant, Tata Consultancy Services and Wipro Technologies Ltd.. (India Times, India)
Satyam no more a rival of Infosys! May 11, 2009
Infosys has said that it competes with "consulting firms such as Accenture Limited, Atos Origin, BearingPoint Inc, Cap Gemini SA, and Deloitte Consulting LLP". Besides, it also competes with divisions of large global technology firms such as HP and IBM; IT outsourcing firms such as Computer Sciences Corp, Keane, Logica and Perot Systems; and offshore technology services firms such as Cognizant, Tata Consultancy Services and Wipro Technologies Ltd.. (India Times)
Deloitte Announces Completion of BearingPoint Public Services Assets Acquisition May 9, 2009
NEW YORK, May 8 /PRNewswire/ -- Deloitte LLP announced today that it has closed the acquisition of substantially all of the assets of BearingPoint's North American Public Services practice out of bankruptcy for total consideration of $350 million in cash, subject to adjustment, and the assumption of certain BearingPoint liabilities. Barry Salzberg, Chief Executive Officer, Deloitte LLP, said: "We welcome the highly talented BearingPoint Public Services team to Deloitte. We are excited about... (PR Newswire)
Deloitte closes BearingPoint purchase May 9, 2009
As a result of the deal, McLean-based BearingPoint s Robin Lineberger, executive vice president of Public Services, and his management team join Deloitte ... BearingPoint s agreement to sell a large part of its North American Commercial Services business and its associated Global Delivery Centers for $25 million to , announced April 17, is still subject to court approval and closing conditions. (Washington Business Journal, DC)
Artel names Rosalind Kadasi CFO May 6, 2009
Kadasi was responsible for updating BearingPoint s government financial reporting that was a source of many of BearingPoint s financial troubles. Before working at McLean-based BearingPoint, Kadasi worked for several technology companies in Virginia including Nortel, where she was vice president of finance, AC Technologies as the company s CFO and Carana Corporation, where she was the company s controller. (Washington Business Journal, DC)
Earned Value Management Institute(R) EVMI(R) Releases the Earned Value Management Professional(R) EVMP(R) Credential Certification Apr 28, 2009
Text hiding to spacing. April 27 /PRNewswire-USNewswire/ -- Earned Value Management Institute(R), EVMI(R), () the global leader in earned value management and project controls certification and credential training, announces the release of its revised Earned Value Management Professional(R), EVMP(R) credential program for federal integrated procurement teams, project management teams, program managers, information technology professionals, project managers, project team staff members, defense... (PR Newswire)
BearingPoint staff bands together to find new jobs Apr 28, 2009
The way BearingPoint is being sold off in pieces is just wreaking havoc, said Paul Villella, CEO of Reston-based staffing company There s been a lot of jockeying for positions not just at BearingPoint but at the acquiring companies as well. People at Deloitte and PwC are trying to protect their jobs because BearingPoint has some great talent there, he said. (Washington Business Journal, DC)
Deloitte Receives Bankruptcy Court Approval for Purchase of BearingPoint Public Services Assets Apr 18, 2009
NEW YORK, April 17 /PRNewswire/ -- Deloitte LLP announced today that it had received approval from the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") for its purchase of substantially all of the assets of BearingPoint's North American Public Services practice for total consideration of $350 million in cash, subject to adjustment, and the assumption of certain BearingPoint liabilities ... At closing, Deloitte will acquire most of BearingPoint's... (PR Newswire)
BearingPoint sell-off moves forward Apr 18, 2009
BearingPoint said then that it had agreed to sell its public services division the company's biggest unit to Deloitte for $350 million and it had signed a nonbinding letter of intent to sell a significant portion of its North American commercial services business to PricewaterhouseCoopers for $25 million. In addition, a PricewaterhouseCoopers operation in Japan would buy BearingPoint's subsidiary there ... That sale provided BearingPoint with $45 million, the company announced April 6. (Washington Business Journal, DC)
Big firms eye BearingPoint deals Apr 3, 2009
Global management and technology consultancy, BearingPoint, is close to securing multiple deals that will see the sale of virtually all its businesses ... As reported by our sister community, , BearingPoint has entered into an asset purchase agreement with Deloitte, which will see most of BearingPoint Public Services sold to the auditor for $350 million ... However, as the existing financial restructuring process rules apply, BearingPoint must consider all "higher and better" offers from other... (Accounting Web, UK)
2008 Rising Stars Apr 1, 2009
Rising Stars: The class of 2008 -- Federal Computer Week. What is your e-mail address. (FCW.com)
Video shows 1 of 5 Brits held hostage in Iraq Mar 24, 2009
Moore worked for BearingPoint, a Virginia-based management consulting firm. His guards worked for the Montreal-based firm GardaWorld. (San Francisco Chronicle)
BearingPoint to sell business units to Deloitte, PwC Mar 24, 2009
A PwC unit in Japan will buy BearingPoint's practice there ... Since we entered the restructuring process, we ve been committed to evaluating all strategic options with the goal of charting the best possible course for the people, clients and creditors of BearingPoint, said Bearing Point CEO Ed Harbach in the statement ... BearingPoint has requested approval to pay millions of dollars in retention bonuses to hundreds of management and director-level employees as part of its plans to reorganize. (Dayton Business Journal, OH)
BearingPoint to shed most business units Mar 24, 2009
BearingPoint to sell business units to Deloitte, PwC - Washington Business Journal ... BearingPoint to sell business units to Deloitte, PwC ... A PwC unit in Japan will buy BearingPoint's practice there. (Washington Business Journal, DC)
Deloitte Announces Agreement to Acquire Assets of BearingPoint Public Services Practice Mar 24, 2009
NEW YORK, March 23 /PRNewswire/ -- Deloitte today announced that it has signed an asset purchase agreement to acquire substantially all of the assets of the North American Public Services practice of BearingPoint out of bankruptcy for total consideration of $350 million in cash and the assumption of certain BearingPoint liabilities. BearingPoint is a global management and technology consulting company that filed for Chapter 11 bankruptcy protection on February 18, 2009 ... Deloitte stated: "The... (PR Newswire)
New video of Briton seized in Iraq in 2007 Mar 23, 2009
They were protecting the fifth Briton, a computer analyst with U.S.-based BearingPoint. The only fully identified captive has been Peter Moore, who said his name in an earlier video pleading with the British government to negotiate for the hostages' release. (CNN -- World)
BearingPoint delays financial report Mar 18, 2009
BearingPoint also expects that its auditor will include a statement indicating substantial doubt about the company s ability to continue as a going concern because of uncertainties related to the bankruptcy process ... BearingPoint s day-to-day operations have not been affected by the Chapter 11 filing. (Washington Business Journal, DC)
Bearingpoint files for Chapter 11 bankruptcy protection Feb 27, 2009
Bearingpoint, which started life as KPMG Consulting, has filed for Chapter 11 bankruptcy protection ... Operations outside of the US will not be affected, Bearingpoint said in a ... "Bearingpoint have filled the rumour mill for some time (however), this is still quite a shock," analyst. (Accounting Web, UK)
Crisis for tech workers: Life after layoffs? Feb 26, 2009
Tech consultancy BearingPoint files for bankruptcy. Hewlett-Packard's profits plummet. (InfoWorld)
BearingPoint declares Chapter 11 bankruptcy Feb 21, 2009
McLean-based BearingPoint said it had reached agreement with its senior secured creditors on the terms of the reorganization before the Chapter 11 filing and has asked the court to allow its business to continue uninterrupted ... BearingPoint (NYSE: BE) made its Chapter 11 filing in the Southern District of New York ... An existing term loan of about $300 million will be replaced with a new term loan of about $300 million, according to BearingPoint spokesman Aaron Bedy. (Washington Business Journal, DC)
BUSINESS BRIEFS Feb 19, 2009
Technology consul tant BearingPoint Inc., a spin-off of KPMG, filed a prearranged Chapter 11 bankruptcy yesterday, saying it had negotiated a plan with lenders that could help reduce its debt load. BearingPoint's filing listed debt of 2. (New York Post -- Business)
McKool Smith Helps City of Anaheim Win Landmark $21.3 Million Award in Hotel Tax Lawsuit Feb 19, 2009
The firm is recognized as one of the premier litigation law firms in the United States, having earned significant courtroom victories for clients such as American Airlines, BearingPoint, Ericsson, Electronic Data Systems, Medtronic Inc., and Sony Ericsson. For more information, contact Bruce Vincent at 214-559-4630 or " target="_new">. SOURCE McKool Smith Link to this page: Copyright 1996- PR Newswire Association LLC. All Rights Reserved. A company.. (PR Newswire)
BearingPoint files for bankruptcy Feb 19, 2009
Defense contractor BearingPoint files Chapter 11 bankruptcy - San Antonio Business Journal ... Defense contractor BearingPoint files Chapter 11 bankruptcy ... -based BearingPoint said it had reached agreement with its senior secured creditors on the terms of the reorganization before the Chapter 11 filing and has asked the court to allow its business to continue uninterrupted. (San Antonio Business Journal, TX)
Storing Decades of Bureaucratic Data Feb 12, 2009
In 2005, after awarding a $308 million six-year contract to Lockheed Martin and its team of archiving and data management experts, which included BearingPoint, Fenestra Technologies, FileTek, History Associates, EDS, Image Fortress and Science Applications International, NARA had its ERA budget drastically cut, causing Lockheed Martin to rethink the project and adjust the schedule. "We could not afford to go out and do everything all at once," explained Le. (EnterpriseStorageForum)
