FRANKFURT, GERMANY--(Marketwired - Dec. 19, 2013) - Management and technology consultancy BearingPoint (www.bearingpoint.com) acquires German based RiValue GmbH, with effect as of January 1, 2014. RiValue is specialized in the development of software solutions for risk management and regulatory reporting in the financial services industry; among its clients are leading German financial institutions.
With this transaction, BearingPoint strengthens its service in the area of Asset Based Consulting, in particular its well-known ABACUS product line. ABACUS is already used by several leading banks (for Basel III requirements) and insurance companies (for Solvency II requirements) across Europe. The investment in the leading-edge technology of RiValue opens new opportunities for BearingPoint to expand its solution portfolio in the fast-growing field of risk management and reporting with market-specific applications.
"RiValue and its products perfectly complement our range of services and our software portfolio in the area of regulatory reporting for the financial industry. We have extended our coverage of the regulatory value chain and our clients will most certainly benefit significantly from this," says Thomas Sauer-Brabaender, Partner at BearingPoint.
"I am very pleased with BearingPoint's investment in our company. This gives us broader market access, the opportunity for an international presence, as well as capital for further product innovations," says Dr Werner Gothein, CEO of RiValue.
RiValue will work as an independent entity within the BearingPoint group and continue to operate under the name RiValue with Dr Werner Gothein as chairman of the board.
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client's individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world's leading companies and organizations. Our 3350 people, together with our global consulting network serve clients in more than 70 countries and engage with them for measurable results and long-lasting success.
For more information, please visit: www.bearingpoint.com.