Before its recent breakup and acquisition in part by other companies, BearingPoint Inc. was one of the world’s largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries. Based in McLean, Virginia, USA, the firm reported approximately 17,100 employees and major practice areas focusing on the public, financial and commercial services. With a $1 billion debt and...
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Before its recent breakup and acquisition in part by other companies, BearingPoint Inc. was one of the world’s largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries. Based in McLean, Virginia, USA, the firm reported approximately 17,100 employees and major practice areas focusing on the public, financial and commercial services. With a $1 billion debt and a looming repayment deadline, the company filed for Chapter 11 bankruptcy for its US operations on February 18, 2009. The company asked the courts to allow operations to continue uninterrupted during what was termed as a reorganization. By May 2009, the company's Japan business unit had been sold off to PwC, one North American unit had been acquired by Deloitte, another was being purchased by PwC subject to court approval, and the BearingPoint website said it was "no long hiring employees in North America" and in general was not working...
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