IFS and BearingPoint reveal plans for joint venture

IFS has revealed plans to extend its current partnership with BearingPointto form a services-focused joint venture. As a standalone entity, the newly formed business would provide services to support the continued increase in demand for IFS software.

Enabled by IFS Cloud software products, the joint venture would operate as a unique organisation centred around business transformation, with a focus on opportunities in France, Netherlands, Belgium, Italy, Germany, Austria, Switzerland and UK. In each of these countries, IFS and BearingPoint would look to invest resources to lay the foundation of the venture, while continuing to develop their own inhouse customer services capabilities and support their growing ecosystems. 

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. 

Darren Roos, CEO of IFS, Said: “IFS is dedicated to providing the best possible experience to its customers. 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.”

Kiumars Hamidian, managing partner at BearingPoint, added: “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 organisations and we look forward to nurturing those synergies.” 

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.  

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