BearingPoint makes first move into Irish cloud computing market following agreement with SAP

The management and technology consultancy signs first Irish and UK cloud customers in deals worth over €400,000

Dublin, July 31, 2013 - Management and technology consultancy BearingPoint has announced a major move into the Irish cloud computing market following the signing of a new agreement with SAP, the German headquartered software company. The company has also signed its first two contracts for the new cloud service worth in excess of €400,000 over a three year period.

Under the agreement, BearingPoint becomes the first Irish reseller to sell and deploy SAP’s Business ByDesign – a cloud-based Enterprise Resource Planning (ERP) ‘Software as a Service’ (SaaS) solution. SaaS offerings enable customers to avoid significant upfront capital outlays such as software, hardware and infrastructure costs. BearingPoint also offers additional support implementation services such as consulting, change management and data migration. BearingPoint Ireland will be the firm’s first office to provide the SAP cloud offering.

BearingPoint and SAP believe this service is ideal for Irish small to medium enterprises and multi-national subsidiaries and that Business ByDesign will be an attractive offering to new and growing companies who want to get established quickly and run their operations with a market-leading business system.

“We have hit the ground running with the signing of our first two contracts with a combined value of over €400,000 over a three year period,” commented Peter Minogue, Managing Director, BearingPoint Ireland. “Our first two customers are start-up joint venture businesses. Both selected Business ByDesign from BearingPoint to manage their core business processes including finance, supply chain, HR, project management and logistics in an integrated manner. Our implementations will enable both companies to better manage operational costs and support growth.”

He added, “In addition to offering our clients on-premise solutions, now we can provide an integrated and scalable range of cloud-based, leading industry practice processes , allowing companies to concentrate on their core competencies instead of expending time and resources managing complex IT systems. In our 30 years of enabling business change with SAP, this solution offers the most comprehensive and lowest cost of ownership of any ERP solution we have seen.”

“SAP Business ByDesign delivers the best of SAP software. It recognises the growing trend for executives and business owners wanting to run their business in real-time, from whatever location they may be in. It is also aimed at companies that want the benefits of large scale business management applications without the costs of supporting the corresponding IT infrastructure,” added Richard Bennington, Head of Channel Cloud Solutions UK&I SAP.

Gartner* has estimated that SaaS-based applications are expected to grow from $19.8B in 2013 to $32.8B in 2016, generating a CAGR of 13.4% globally.

* Public Cloud Services End-User Spending by Segment for Region, 2010-2016 (Millions of Dollars) Source: Gartner (December 2012)

For more information about BearingPoint’s offering of SAP Business ByDesign, visit http://bit.ly/11Ylz1x

About BearingPoint

BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our 3350 people, together with our global consulting network serve clients in more than 70 countries and engage with them for measurable results and long-lasting success.

For more information, please visit: www.bearingpoint.com