BearingPoint

from Wikipedia, the free encyclopedia
BearingPoint Holding BV

logo
legal form Holding
founding 2002
Seat Amsterdam , NetherlandsNetherlandsNetherlands 
management Kiumars Hamidian, Managing Partner
Number of employees 4,639 (2019)
sales EUR 781 million (2019)
Branch Business consulting
Website bearingpoint.com

The BearingPoint Holding BV is a consulting company that specializes in management and technology consulting. Since a management buy-out in August 2009, the company has been owned by around 170 partners in Europe. BearingPoint employs around 4,600 people in 23 countries.

Group profile

The headquarters of the parent company of BearingPoint is Amsterdam . The company is represented at eight locations in Germany: Frankfurt am Main (headquarters), Berlin, Düsseldorf, Hamburg, Leipzig, Munich, Stuttgart and Walldorf (SAP Solution Center). In Switzerland, BearingPoint is represented in Zurich and Geneva. In Austria there are two locations in Vienna (BearingPoint and BearingPoint Infonova) and Unterpremstätten / Graz (BearingPoint Infonova).

Business areas

The business areas are divided into four industrial and eleven branch segments: Production Industries (PI), Consumer Industries (CI), Financial Services (FS) and Public Services (PS). This structure is uniform in all geographic regions. BearingPoint has positioned itself since 2010 in the area of ​​"Business Consulting". This includes strategy development , process management , customer relationship management , supply chain management , financial management , solutions in the area of ​​security ( eSecurity ) as well as technology, infrastructure and integration.

Subsidiaries

One of the subsidiaries of BearingPoint is BearingPoint Technology GmbH (formerly: INFONOVA GmbH) , founded in Austria in 1989. BearingPoint Technology offers products and services in the field of Operational Support Systems (OSS) and Business Support Systems (BSS), Internet infrastructure technology, network management, eSecurity, Interactive TV & Digital Video Broadcasting as well as technology and method consulting (Agile Advisory) and training. BearingPoint Software Solutions is another subsidiary that focuses on the development, maintenance and implementation of software products. The best-known software product is Abacus (ABACUS / DaVinci, ABACUS / GMP, Abacus360 Banking), a standard software solution for reporting by banks in various European countries (Germany, Luxembourg, the Netherlands, Sweden, UK, Austria), and insurance companies in Europe Abacus / Solvency can meet Pillar 3 requirements according to Solvency II .

history

Historical logo

In 1997, the separation of the "KPMG Consulting" division from the parent company KPMG began . On January 31, 2000, the American KPMG Consulting LLC became an independent company, which finally went on February 8, 2001 as KPMG Consulting, Inc., on the New York Stock Exchange NYSE . In 2001 and 2002, KPMG Consulting, Inc. took over most of KPMG's international consulting companies. Some companies went to ATOS Origin or stayed with KPMG.

The current company name has been used since October 2nd, 2002 . Stock exchange trading took place on the following day under the name "BE". As a result of the collapse of Arthur Andersen , BearingPoint took over their advisory parts in various countries.

In March 2005, Harry You, then Chief Financial Officer of Oracle and former CFO of Accenture, became Chief Operating Officer of BearingPoint. In January 2006 Peter Mockler became part of the BearingPoint Management Team. He heads BearingPoint EMEA (Europe, Middle East and Africa) and is Chairman of the German Management Board.

In 2007, BearingPoint carried out a large-scale relaunch of its brand. In that year, more than 400 (Europe-wide 1,200) new hires were carried out in Germany alone. On December 3, 2007, Edwin Harbach replaced Harry You and became CEO.

On February 18, 2009, BearingPoint, Inc. filed for Chapter 11 bankruptcy proceedings . All companies outside the USA, especially the companies in EMEA, e.g. B. BearingPoint GmbH in Germany are not affected by this procedure. In August 2009, BearingPoint EMEA achieved the management buy-out (MBO). Since then, BearingPoint EMEA has been a legally independent company. Peter Mockler, who was confirmed as Managing Partner of BearingPoint for the second time in May 2015, continued to lead. Kiumars Hamidian has been managing the company as Managing Partner since September 2018.

The European BearingPoint partnership has increased its sales since the MBO from 441 million euros in 2009 to 738 million euros in 2018. The company has 40 branches in 23 countries (as of 2018).

Surname

The word pair "BearingPoint" originally comes from navigation and literally means "bearing point" or "course direction". The name is intended to reflect that BearingPoint is a business partner that helps its customers provide direction and results for long-term success.

Awards

BearingPoint has received four times in a row at the "Best of Consulting" award from WirtschaftsWoche :

  • In 2016, BearingPoint received the award in the “Project Excellence - Marketing and Sales” category for a project to develop a new digital platform and the “Special Digitalization Prize” for setting up digital labs to provide customers with ideas for implementation in the areas of digital ecosystem management and Industry 4.0 and IoT ( Internet of Things ) as well as corresponding business apps can be experienced.
  • In 2017, the “Digital Twin - Factory Navigator” project was awarded second place in the “Special Prize - Digitization” category. Under the project, a platform was designed to be a so-called Digital Twin ( Digital Twin ) to provide logistics processes.
  • In 2018 BearingPoint received the award in the "Operational Excellence" category for an Industry 4.0 project. In addition, BearingPoint was awarded third place in the “Special Pro Bono Prize” category for supporting a non-profit social enterprise in the fight against breast cancer.
  • In 2019, BearingPoint won the “Best of Consulting” award in the special “Sustainable Finance” category in cooperation with KfW Development Bank. In addition, BearingPoint was awarded “Excellent” in the “Marketing and Organization” category for a transformation project at Vodafone.

criticism

At the 30C3 Congress in 2013, Linus Neumann criticized BearingPoint's simultaneous advisory work for the competing products De-Mail from the federal government and E-Postbrief from Deutsche Post, as well as in the formulation of relevant legal texts. He also criticized the advice given by BearingPoint to the Federal Office for Information Security when it was compiling a checklist for classifying security requirements for German cloud systems. All the products resulting from the consultations have in common that they do not offer or include end-to-end encryption. They would also not provide an alternative, similarly secure, encryption concept.

Web links

Individual evidence

  1. ↑ Press release in office , accessed on September 4, 2018.
  2. ↑ a b c BearingPoint Annual Report 2019 , accessed August 13, 2020.
  3. ↑ CFO moves to Bearing Point , manager magazin , March 18, 2005
  4. ↑ http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=909862 (link not available)
  5. ↑ BearingPoint files Chapter 11 under heavy debt ( Memento of March 16, 2009 in the Internet Archive ), accessed on February 19, 2009
  6. ^ BearingPoint press release ( December 21, 2009 memento in the Internet Archive ), accessed September 25, 2009
  7. ↑ OTS: BearingPoint GmbH / Peter Mockler continues BearingPoint / re-election ... Accessed June 6, 2020 .
  8. ↑ BearingPoint Annual Report 2018 , accessed October 17, 2019.
  9. ↑ "These are Germany's best management consultants" , wiwo.de, November 16, 2016
  10. ↑ "BearingPoint wins award for its consulting competence in digitization" , November 16, 2016.
  11. ↑ "Sieger 2017" , wiwo.de, accessed on October 21, 2019
  12. ↑ "BearingPoint receives award for digital transformation at MAN" , November 23, 2017.
  13. ↑ “Sieger 2018” , wiwo.de, accessed on October 21, 2019
  14. ↑ "Double victory: BearingPoint awarded for consulting project at KUKA and Pro Bono Engagement at discovering hands" , December 12, 2018.
  15. ↑ [1] , wiwo.de, accessed on August 13, 2020
  16. ↑ "Best of Consulting" award: BearingPoint wins a double victory with KfW and Vodafone , December 4, 2019.
  17. ↑ Bullshit made in Germany. How to host your De-Mail, E-Mail and Cloud directly with the BND! (Media library of the Chaos Computer Club) , accessed March 4, 2014.