Europe’s technology consulting firm BearingPoint and Argentina’s Grupo ASSA have agreed to team up in a deal that will allow them to share their infrastructure and resources for meeting the needs of their global clients.
This alliance, according to analysts, will help both firms expand their service portfolio and answer the growing needs of their clients for worldwide services.
“BearingPoint and gA will continue to focus on their local markets, but will collaborate on projects where global reach is required,” the European firm stated in a press release.
Besides allowing sharing best practices in the field of business consulting, the partnership deal also requires both the firms to treat each other as preferred partners for their respective markets and cooperate on pre-sales and project delivery activities.
“Both firms will rely on each other’s infrastructure and resources to provide consulting services for existing and new clients in Latin America and Europe,” BearingPoint said.
“This alliance is another milestone for us. Since our management buyout in 2009, expanding our global reach to serve clients around the world has been one of the key elements of our firm’s strategy,” said Peter Mockler, Managing Partner at BearingPoint.
BearingPoint, which demerged from KPMG in 90s, has undergone a sea change in the last few years. Soon after filing for bankruptcy in 2009 it offloaded several global units, including its Japan business unit and North American Commercial Services practice.
Its Brazil unit was also sold to CSC in July 2009 and its China unit was sold to Perot Systems in October of the same year.
Striking partnership deals with competitors in the distant markets appears to be its new game plan to expand operations overseas.
Claudio Della Penna, Chief Services Officer at Grupo ASSA, stated that the deal helps his clients access top consultants and resources around the world and that his company would support BearingPoint’s European clients in South America.