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The services roll-up continues. IT services company Perot Systems Corp. (NYSE:PER), in the midst of being acquired by Dell Inc. (NASDAQ:DELL) for $3.9 billion, is itself acquiring BearingPoint Management Consulting (Shanghai) Ltd, a management and technology consulting company with offices in Shanghai and Beijing. Financial terms were not disclosed.Established in...
Posted on October 12, 2009 12:40 PM
Accenture Ltd. (NYSE:ACN) is cutting 336 senior-level executive positions. The downsizing comes amid a broader reorganization announced earlier this month designed to refocus talent and resources on high-demand areas such as healthcare, analytics, digital services, mobility and emerging technologies, while also reducing its "excess real estate capacity."The layoffs could be...
Posted on August 21, 2009 10:26 AM
You seldom hear about a consulting operation being acquired out of bankruptcy. But in what is surely a sign of the times, we've just seen the close of such a deal: the purchase of the majority of BearingPoint's North American Commercial Services Practice by PricewaterhouseCoopers LLP, a transaction valued at...
Posted on June 16, 2009 2:52 PM
Following six years of consecutive losses, bankrupt BearingPoint Inc. continues to shed assets. On Wednesday, the bankruptcy court approved the $25 million sale of certain commercial service group assets to PricewaterhouseCoopers. The deal will result in PwC owning a significant portion of the IT consultancy's North American commercial business and...
Posted on April 29, 2009 12:07 PM
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