A breakout year for BearingPoint

In 2023 we delivered value across the board for our clients and our firm. Substantial growth and strong demand for our services and products helped us to reach €1 billion in revenues for the first time in our history.

  • Kiumars Hamidian, Managing Partner
    Welcome from Kiumars

    Managing Partner statement

    Our revenue figure for 2023 is clear proof of our growing stature in global consulting - a success we achieved together as a team. With each passing year we’re delivering more value for our clients.

    Demand for our services is as strong as ever. At a time of rapid technological change, we’re helping our clients to stay ahead.

    Our performance in the past year owes much to our focus on our purpose. That purpose comes to life through our values, which we have simplified to make clear what we stand for.

    Kiumars Hamidian

    Managing Partner

  • Stefan Penthin, Managing Partner Elect
    Welcome from Stefan

    Managing Partner Elect statement

    I’m thrilled to be given the responsibility of contributing to writing the next chapter in the success story of our firm. I eagerly anticipate working together as a team with the smart, passionate leaders we have across our great firm. I’m very keen to start the exchange of perspectives with all of our people in all the countries in which we work. Our collective spirit and motivation inspire me. And finally, I’m looking forward to strengthening our firm along the strategic cornerstones of genuine client orientation, people empowerment, and purpose as well as a unique solution platform consisting of consulting, software services, and products.

    At BearingPoint we succeed in combining a business mindset with digital expertise and industry-specific know-how. This is our sweet spot, and it’s in our DNA.

    Stefan Penthin

    Managing Partner Elect

Business performance

Performance delivered

In 2023 BearingPoint outperformed the market once again. We began a new economic era with considerable growth driven by accelerating demand, an ever-stronger sense of identity and culture, and the extraordinary contributions of our people.

1.017 Billion in revenues Reaching the €1 billion milestone is a testament to our growing scale and global status.
18 Revenue growth We achieved considerable growth, outperforming the market.
5 Acquisitions We strengthened our portfolio in key areas with strategic acquisitions.
6,055 People We recruited 1,556 new people to our business in 2023 and appointed 27 new Partners.
1,810 Projects delivered We delivered value in 43 countries, with projects of all sizes in every major sector.
18 Bookings increase Demand grew strongly, showing the value of our services and products.
24 Countries with BearingPoint offices Our global presence is stronger than ever, with 47 offices around the world.
260,000 Training hours We ensured our people are better equipped than ever to create success for our clients.
1.017 Billion in revenues Reaching the €1 billion milestone is a testament to our growing scale and global status.
18 Revenue growth We achieved considerable growth, outperforming the market.
5 Acquisitions We strengthened our portfolio in key areas with strategic acquisitions.
6,055 People We recruited 1,556 new people to our business in 2023 and appointed 27 new Partners.
1,810 Projects delivered We delivered value in 43 countries, with projects of all sizes in every major sector.
18 Bookings increase Demand grew strongly, showing the value of our services and products.
24 Countries with BearingPoint offices Our global presence is stronger than ever, with 47 offices around the world.
260,000 Training hours We ensured our people are better equipped than ever to create success for our clients.
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Key areas of development

Client stories

Shaping futures

Across the world and in every major sector we helped our clients to transform, innovate and grow in 2023. Each of these stories offers a glimpse into what we did and how it is shaping an organization’s future.

  • Angelini Pharma

    Angelini Pharma

    Angelini Pharma provides a seamless experience for healthcare professionals

    Read more
  • APF France handicap

    APF France handicap

    APF France handicap enables inclusive employment through the Test’In program

    Read more
  • Cdiscount

    Cdiscount monetizes its technology assets to become a leading player in marketplace solutions

    Read more
  • Currys

    Currys

    Currys creates a valuable business architecture model and improves aftersales efficiency

    Read more
  • Diverzify

    Diverzify

    Diverzify accelerates growth and innovation in the commercial flooring industry

    Read more
  • Encory

    Encory

    Encory enhances economic circularity and profitability through strategic partnerships

    Read more
  • Fluxys Belgium

    Fluxys Belgium

    Fluxys Belgium uses ETM.next to gain full control and greater flexibility across its mobile assets management

    Read more
  • FUCHS China

    FUCHS China harnesses SAP IBP for supply chain advantage

    Read more
  • iRobot

    How source-to-contract became a runway for growth for iRobot

    Read more
  • Maxeda

    Maxeda commits to the Science Based Targets initiative

    Read more
  • Media Participations

    Media Participations uses AI to improve forecasting and strengthen sales and distribution processes

    Read more
  • NORD/LB

    NORD/LB

    Data for Business - NORD/LB empowers its departments with more insights and reporting capabilities

    Read more
  • Plan International Norway

    Plan International Norway

    Plan International Norway makes reporting fast and easy with the power of Generative AI

    Read more
  • Schule im Aufbruch

    Schule im Aufbruch

    Schule im Aufbruch uses effective reporting to enable innovative programs for shaping the future of education

    Read more
  • Siemens

    Siemens

    BearingPoint’s code analysis services enhance Siemens’s M&A software due diligence

    Read more
  • Sonepar

    Sonepar develops an AI-based tool to support its credit managers and sales growth

    Read more
Our delivery model

Unified and collaborative

BearingPoint is much more than the sum of its parts. Our structure helps us to offer an ecosystem of teams, services and products that are unique but operate in a seamless and unified way, unlocking more value and potential for our clients.

  • BearingPoint Consulting

    Consulting

    In our Consulting unit we’ve built an organization that blends global collaboration with expert local delivery. This formula helped us to deliver 14% organic growth in 2023.

    Market segments

    • Automotive and Industrial Manufacturing
    • Banking and Capital Markets
    • Customer Goods and Retail
    • Chemicals, Life Sciences and Resources
    • Communications, Media and Entertainment
    • Government and Public Sector
    • Insurance
    • Utilities, Postal and Transportation

    Service lines

    • People & Strategy
    • Customer & Growth
    • Finance & Risk
    • Operations
    • Technology
  • BearingPoint Products

    Products

    Innovation is at the heart of our Products unit. It offers game-changing software solutions and managed services that delivered 27% revenue growth for our business last year.

    • 60+ new customers
    • 19% increase in bookings
    • Now 442 colleagues
    • Launch of operations in India and the US
    • Acquisition of TXS Securitization

    Key IP products:

    • Equipment&Tools (ETM.next)
    • Data Quality Navigator
    • Lease&Rent
    • SAP SFM co-development
    • DemandSens
    • Agree&Sign
    • Asset&Funding
    • ProgramPulse
    • Swarm
    • Optix
    • Sellia
    • Steerio
  • BearingPoint Capital

    Capital

    BearingPoint Capital, our M&A and investments team, is pivotal to the ongoing value that we are delivering as a business and grew its revenue by 21% in 2023.

    • Supporting strategy execution through investments and ventures
    • Managing and scaling standalone software businesses
    • Deal advisory (sell side and buy side mandates, fundraising)
    • Transaction services (technology, cybersecurity, commercial and ESG due diligences)
    • Corporate M&A services (carve-out and integration)
  • Arcwide

    Arcwide

    Our joint venture with IFS focused on business transformation delivered an excellent first full year of trading, as well as making two important strategic acquisitions.

    • €72 million in bookings
    • €58 million in net revenues
    • Launched in the US
    • Acquisition of Cedar Bay
    • Acquisition of bytics Group
Our purpose

Purpose into practice

2023 was the year that we put our purpose – “Together, we are more than business” – to the test. It lifted our collective performance to new heights and rejuvenated our sense of unity and identity. To help us bring it to life in our daily roles, in 2023 we also simplified our values, bringing greater clarity for both our clients and people.

Together, we are a strong team
People

Together, we are a strong team

Only as a team of motivated and unique individuals can we provide meaningful solutions to the challenging issues faced by our clients and their people, or stakeholders in our society and communities.

Together, we can all be innovators
Innovation

Together, we can all be innovators

We are constantly innovating to help our clients achieve their targets. And we’re embedding an environment that nurtures and encourages new ideas every day.

Making progress together – towards a better future
Planet

Making progress together – towards a better future

We're working harder than ever to support our planet in two ways - internally and externally. This means driving sustainability within our firm as well as encouraging our clients to do the same.

Global reach

Delivering value across the world

Today, BearingPoint is a truly global firm. In 2023 we consolidated our footprint in every region, with strong growth in key markets including the US and China.

  • BearingPoint
  • I Care
  • Arcwide
  • ABeam Consulting
Useful downloads

Explore our Annual Report in more detail