What is "bearingpoint"

BearingPoint (parent company: BearingPoint Europe Holdings B.V.) is a multinational management and technology consulting firm headquartered in Amsterdam, Netherlands. It has operations in 20 countries with around 3,500 employees and is one of the largest management consultancies in Europe.

BearingPoint's origins lie in the consulting services operations of KPMG, which became a distinct business unit in 1997. Following demerger from KPMG in 2000 and an IPO in 2001, the company was renamed BearingPoint Inc. in October 2002. BearingPoint became one of the world’s largest providers of management and technology consulting services, with operations in more than 60 countries and approximately 17,100 employees. In February 2009 the company's US unit filed for Chapter 11 bankruptcy. Following restructuring and a management buyout in August 2009, BearingPoint's continuing operations were organized as a Netherlands-based partnership.