September 03, 2009 04:45 ET

BearingPoint Completes Management Buyout in Europe

Management and technology consultancy establishes Partner-owned organisation

AMSTERDAM, NETHERLANDS--(Marketwire - Sept. 3, 2009) - Effective August 28, 2009, BearingPoint is now operated by its European management team and owned by about 120 Partners in 14 countries throughout Europe. Peter Mockler, who has been serving as the EMEA leader for BearingPoint since 2006, and his management team will continue to lead the organisation, providing leadership stability and continuity. Employing 3.250 people in the European region, the independent company will keep operating under the BearingPoint brand.

The management and technology consultancy will continue to offer its services, superior quality and profound industry and functional knowledge to its commercial, financial and public services clients. By taking on a personal ownership in BearingPoint, the management team is securing continuity and stability, while placing a strong emphasis on the result-oriented and hands-on culture. Furthermore, the change in ownership will add a significant entrepreneurial dimension to the BearingPoint brand. "The Partner-led structure will further boost the traditionally strong performance- and client-driven culture of BearingPoint, and thus add even more value for the client", says Peter Mockler.

BearingPoint builds upon a proven track record, thanks to its successful approach of linking business strategy to advisory-led implementation. The company has been operating profitably and is strongly positioned in the business consulting segment. Over the next years, BearingPoint is aiming to further strengthen its market share and grow its presence by entering further markets. "BearingPoint has European roots, but operates with a global reach and will thus remain serving clients around the world", adds Peter Mockler.

About BearingPoint:

BearingPoint is an independent management and technology consultancy. Owned and operated by its Partners throughout Europe, BearingPoint is offering its clients the best possible value in terms of tangible, measurable results by leveraging business and technology expertise. The company currently employs 3.250 people in 14 European countries and is serving commercial, financial and public services clients.

BearingPoint offers its clients a seamless cross-border approach, strong focus on results, an entrepreneurial culture, profound industry and functional knowledge as well as solutions customised to clients' specific needs. The firm ranks high in client satisfaction, has long-standing relationships with reputable organisations and is seen as a trusted adviser. BearingPoint has European roots, but operates with a global reach. For more information, please visit:

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