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Keane acquires BearingPoint's commercial business in North America

Posted on: Mon, 20 Jul 2009 14:18:00 EDT

Symbols: KEA, BGPTQ

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Jul 20, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
KEA | Quote | Chart | News | PowerRating -- Keane, Inc. has acquired a portion of the North American commercial business of BearingPoint, Inc., a provider of management and technology consulting services. Both the companies are based in the US.

Keane is a provider of outsourcing and information technology consulting services.

Announcement (July 8, 2009);

Keane has entered into an asset purchase agreement to acquire a portion of the North American commercial business of BearingPoint.

The transaction is expected to be finalized by mid July 2009.

Deal Type    Acquisition
Sub-Category Asset Purchase
Deal Status  Completed: 2009-07-20

Deal Participants

Target (Company)   BearingPoint, Inc. - Commercial Business - North America
Acquirer (Company) Keane, Inc.
Vendor (Company)   BearingPoint, Inc.

Deal Rationale

The transaction would enable Keane to bolster its enterprise application services practice.

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For full details on (BGPTQ) BGPTQ. (BGPTQ) has Short Term PowerRatings at TradingMarkets. Details on (BGPTQ) Short Term PowerRatings is available at This Link.

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