Management and a small group of professional investors will take on the baton – Beyond to operate as independent technology company in the market.
- The management and technology consultancy announces the spin-off of its ecosystem orchestration and digital platform business unit (Beyond)
- The current Management and a a small group of professional investors will take on the baton
- The new structure will enable Beyond to accelerate its business growth and further foster its transition into a standalone technology company
- BearingPoint will remain a strategic business consulting partner for Beyond
Amsterdam, November 9, 2021 – Management and technology consultancy BearingPoint will spin-off its independent ecosystem orchestration and digital platform business unit (Beyond) to the current Beyond Management Team and a group of growth investors. BearingPoint will continue to serve as a business consulting partner.
The Beyond Management Team with Angus Ward (CEO), Barry Keane (COO) and Andreas Gabriel (CTO) is joining forces with a small group of investors to boost its market expansion in the US and globally. This will enable accelerated growth for the business as a SaaS-based company.
With this successful completion of another strategic lifecycle, we have shown again that we are very strong in developing a powerful combination of products and services and create market value. Thus, today’s announcement clearly marks another top accomplishment in our firm’s history, and the transaction is the basis for more focused growth in the future and thus more success – for our Beyond Team and for us.
Kiumars Hamidian, Managing Partner of BearingPoint
With the new ownership set-up, our Beyond business will be able to further develop its position in the market and push ahead with its international expansion. This is an exciting but logical next step in a journey we started four years ago when we introduced Beyond to the market. We have developed a strong business with a powerful go-to-market strategy that will continue to be executed under the new ownership and that will enable Beyond to expand and grow faster.
Angus Ward, CEO of Beyond
As for RegTech, the Beyond business has been part of BearingPoint’s Capital unit, and the entire transaction has been managed by the Capital M&A practice.
The BearingPoint Capital team has worked closely with Beyond Management to transition the business towards a software firm and position the business for its next growth phase. Having established this foundation, the timing is now right for a new ownership set-up to support Beyond in pursuing its global ambitions and to further accelerate its transition into a SaaS company.
Patrick Palmgren, Global Leader of Capital
Beyond’s customers and employees will not be impacted by the transaction. Both BearingPoint and Beyond will not only keep on serving their clients as usual but create further value through the new shareholders. The closing of the transaction is subject to customary regulatory approvals. The financial terms of the transaction were not disclosed.
About Beyond
Beyond is a leading ecosystem orchestration and digital platform provider, powering organizations to launch new services at speed and grow revenue by utilizing our digital platform and SaaS BSS. Beyond enables organizations to co-create solutions with a growing network of partners; bringing them closer to their customers, helping them drive higher efficiency and automation, and becoming more agile in the face of competition. The company is serving customers across Asia-Pacific, Europe, Middle East, Africa and the Americas, spanning industries from telecommunications, media and entertainment to tech and IT, financial, and automotive.
About BearingPoint
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: The first unit covers the advisory business with a clear focus on five key areas to drive growth across all regions. The second unit provides IP-driven managed services beyond SaaS and offers business critical services to its clients supporting their business success. The third unit is designed to explore innovative business models with clients and partners by driving the financing and development of start-ups and leveraging ecosystems.
BearingPoint's clients include many of the world's leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success.
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Press contact
Mike Kronfellner
Global Head of Marketing & Communications at BearingPoint
E-Mail: mike.kronfellner@bearingpoint.com
Michal Harris
Head of Marketing & Communications at Beyond
E-Mail: michal.harris@bearingpoint.com