BearingPoint and ARETE grow together in Turkey

European management and technology consultancy BearingPoint and SAP Gold Partner ARETE enter into strategic alliance

Amsterdam/Istanbul, November 25, 2013 – European management and technology consultancy BearingPoint and Istanbul based ARETE Consulting today announced a strategic alliance for the Turkish market. ARETE is one of Turkey's largest SAP consulting companies and one of the fastest growing consulting companies in the Middle East. BearingPoint is one of the leading business consultancies in Europe.

Their aim is to leverage BearingPoint business consulting services with ARETE SAP related services and applications in Turkey. The combined offerings will generate synergies for Turkish clients covering the full lifecycle of a project from concept to implementation and maintenance. Furthermore, the partnership will allow BearingPoint to serve their European based client operations in the Turkish market, expand their market coverage and to better provide services to their international clients, especially in SAP related projects. ARETE benefits by answering the growing needs of their clients for cross-country services.

Under the terms of this agreement both firms will refer business opportunities, collaborate on client work and share intellectual capital. BearingPoint and ARETE will continue to focus on their respective local markets, while collaborating on projects that require transnational reach.

“With this alliance we will be able to proactively support our clients in the Turkish market, as well as to provide comprehensive consulting services for Turkish firms in an international environment. Clients will get benefits including access to locally based resources, expertise, shared knowledge and uniform service and quality. As ARETE is a Gold Partner of SAP in Turkey, this will allow to use the synergies between our companies in many SAP related projects, providing concept and execution from one source”, says Marcel Nickler, member of the global Management Committee at BearingPoint and in charge of this alliance.

“With this agreement, both companies are positioning their joint services in their mutual markets and will share consultancy methodology and expertise. This will add significant value in Turkey and MENA markets for ARETE customers. At the same time ARETE can offer their SAP expertise to BearingPoint’s European based clients and facilitate support for Turkish multinationals on international level”, says Bahadir Balibasa, General Manager of ARETE.

About ARETE

ARETE as “GOLD” SAP Partner, aiming to offer its clients consulting and software services on all SAP implementation and products on ERP. Our company was founded in 2004 by a group of SAP consultants, who are among the best in their area. The company’s main field of activity is to supply all the needed services on business, product, process, technology, integration, consulting and to support its clients in running their systems effectively through ARETE Global Support Center(AGSC) in order to assure that SAP technology creates advantage in their competition.

With unrivaled individual sector experience at a very large scale and a team of 160 consultants in Turkey and 50 consultants in MENA, ARETE delivers solutions as SAP Gold Channel Partner and SAP Gold Service Partner in Turkey and MENA Region. ARETE is capable of implementing multifarious SAP projects with own resources. The company also offers sector specific All-in-One solutions, approved by SAP, which minimize the total cost of ownership.

With its visionary growth strategy, ARETE accelerated its investments abroad to become a globally well-known solution company. ARETE was the best newcomer of the MENA in years 2011 and 2012.

For more information, please visit: www.arete.com.tr

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