Boston, MA – - Keane, Inc., a global services firm that specializes in optimizing businesses’ information technology (IT) investments, today announced that it has entered into an asset purchase agreement with BearingPoint, Inc. to purchase a portion of the BearingPoint Public Services business in North America, which would include BearingPoint’s New York City practice. Finalization of this transaction is subject to customary closing conditions and securing approval by the court overseeing BearingPoint’s bankruptcy restructuring.
“This addition to our Public Sector business completely aligns with Keane’s existing capabilities and the unique strength we have in both our Federal and State and Local organizations,” stated Mani Subramanian, Chairman and CEO of Keane Inc. “We are enthused about the synergy of the New York City component and the City’s selection of us as a vendor on the new System Integration (SI) contract. The impressive people coming from BearingPoint will be a strong compliment to our core offerings and completely align with our deep onsite knowledge and hands-on approach to delivering high value, meaningful and measureable results.”
Mr. Subramanian continued by saying, “We are also excited about the new clients this acquisition brings and pledge to them that we will earn their respect and the continuation of these relationships into the future.”
“BearingPoint’s New York City practice is well respected by the clients in New York and has a reputation for doing really great work,” commented Brian Mandel, Executive Vice President of Keane’s Public Sector organization. “As we continue to build out our presence servicing State and Local governments, the acquisition of this key practice allows us to accelerate our growth plans by providing us the immediate ability to serve the great City of New York with extraordinary people.”
Pending approval and consummation of the transaction, Keane and BearingPoint are working together to help ensure a seamless transition for clients and employees, including the continuity of existing engagement teams, to provide uninterrupted, world-class IT services. Subject to customary closing conditions, the sale is expected to be finalized by the end of June..
About Keane
Keane partners with businesses and government agencies to optimize IT investments by delivering exceptional evolution, operation, and maintenance of mission-critical systems and business processes. A US company with a significant international presence, Keane combines local knowledge and local senior leadership with flexible, scalable delivery that results in low-risk, actionable, cost-effective services and solutions – and a partnership that feels like an extension of your organization.
Keane’s Public Sector division works across many federal, state and local government agencies.
In business since 1965, Keane is an agile, midsized, full service IT services firm headquartered in the United States with approximately 12,000 employees globally. For more information on Keane’s services, solutions, and locations, please visitwww.keane.com.
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