IFS, the cloud enterprise software company, announced plans to extend its current partnership with BearingPoint 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 business 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, IFS and BearingPoint will look to invest resources to lay the foundation of the venture and ensure a positive start while continuing to develop their own inhouse customer services capabilities and support their growing ecosystems to offer customers a compelling choice.
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.
IFS CEO Darren Roos commented; “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.” Roos added: “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 explained: “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.” Hamidian added: “Our companies are well-matched organizations and we look forward to nurturing those synergies.”
