Amsterdam, November 22, 2021 – Management and technology consultancy BearingPoint today announced plans to extend its current partnership with IFS, the cloud enterprise software company, to form a joint venture. The newly formed business would provide services to support the continued increase in demand for IFS software. Following non-binding discussions between the parties, the launch of the joint venture remains subject to applicable employees’ information and consultation procedures, customary merger control clearances and final documentation.

As a standalone entity, the joint venture would operate as a unique organization focused on digital transformation enabled by IFS cloud software products. The new entity is expected to focus on opportunities in France, Netherlands, Belgium, Italy, Germany, Austria, Switzerland, and UK. In each of these countries, BearingPoint and IFS will look to invest resources to lay the foundation of the venture and ensure a positive start.

Both companies have a strong common client base and a track record of delivering successful projects and significant value to their customers over the last five years. BearingPoint is already an IFS Platinum service partner and winner of the 2020 IFS Global Systems Integrator of the Year and 2021 IFS Growth Partner of the Year awards.

Kiumars Hamidian, Managing Partner at BearingPoint

We have accomplished many successful projects together in recent years and are collaborating closely as trusted partners. So, it is a logical step that we explore how to expand this strong partnership. Our companies are well-matched organizations and we look forward to nurturing those synergies.

Kiumars Hamidian, Managing Partner at BearingPoint

IFS is dedicated to providing the best possible experience to its customers, and as our business continues on its growth trajectory, we are committed to delivering outstanding Moments of Service to our customers, while enabling them to do the same for theirs. This includes providing a choice of partner with whom they can work. BearingPoint has been a highly proactive and successful partner for several years and has always invested in growing its IFS practice; it therefore makes complete sense to move to a more structured set up.

IFS CEO Darren Roos

About IFS

IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build, and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers - at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of 4,500 employees every day live our values of agility, trustworthiness, and collaboration in how we support our 10,000+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.

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 selected business areas. The second unit provides IP-driven digital assets and managed services beyond SaaS. 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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