CSC to buy BearingPoint’s Brazilian consulting and systems integration unit

by Editor 7/14/2009 4:02:00 PM
Consulting firm BearingPoint, which filed for bankruptcy protection in February and sold its North American commercial services unit to PricewaterhouseCoopers last month, has now made an agreement to sell another one of its assets.

IT services firm Computer Sciences Corp. (CSC) announced on Friday that it has made a deal to buy BearingPoint's Brazilian business unit, which employs 550 people specializing in consulting and systems integration services. The unit has offices in Brasilia, Rio de Janeiro and Sao Paulo.

Financial details of the agreement were not disclosed. The deal is subject to approval by the bankruptcy court and is expected to be completed by the end of the month.

CSC Chairman, President and CEO Michael W. Laphen said: "We will establish a meaningful foothold in one of the world's largest emerging markets, add capabilities that extend and complement our own and position CSC for increased success both internationally and domestically."

This is the latest asset sale for BearingPoint in recent months. In May, Deloitte completed the acquisition of the consulting firm's public services unit in North America for $350 million. On Wednesday, IT services firm Keane Inc. said it had reached an agreement to acquire assets from BearingPoint's North American public services unit.

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BearingPoint inches closer to finalizing deals with PwC and Deloitte

by Editor 4/20/2009 4:42:00 PM
Consulting firm BearingPoint has signed definitive agreements with PricewaterhouseCoopers, under which PwC will buy a portion of BearingPoint’s Commercial Services practice and related Global Delivery Centers in North America. The deal is worth $25 million.

The acquisition is expected to be complete by June 30, subject to the satisfaction of customary closing conditions and the rules of the bankruptcy court. This means that, if BearingPoint gets a better offer, it must consider it and get the court's approval.

On March 23, BearingPoint revealed a similar agreement with Deloitte, under which it would sell a portion of its Public Services practice in North America for $350 million. The acquisition was approved by the court on April 17, also subject to the satisfaction of closing conditions.

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BearingPoint to sell Japan business to PricewaterhouseCoopers

by Editor 4/7/2009 4:36:00 PM
Management and technology consulting firm BearingPoint has signed a definitive agreement with accounting and consulting giant PricewaterhouseCoopers to sell its business in Japan.

PwC Japan will acquire BearingPoint's practice in the country through the purchase of all of the issued and outstanding shares of BearingPoint’s wholly-owned subsidiary operating in Japan.

BearingPoint expects to earn approximately $45 million from the transaction, including approximately $38.4 million in cash for the shares and $6.7 million in cash from the repayment of intercompany charges owed by BearingPoint Japan to BearingPoint, subject to adjustment and closing conditions.

The sale is expected to become effective on or before April 28, 2009. There can be no assurance that the transaction will be completed.

On March 23, 2009, BearingPoint announced the planned sale of substantially all of its business to a number of parties, which the company expects will result in modifications to its proposed plan of reorganization.

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PricewaterhouseCoopers named Global Leader in Business Advisory Services and Management Consulting

by Editor 4/3/2009 4:57:00 PM
consulting jobs
Research firm Kennedy Consulting Research & Advisory has ranked PricewaterhouseCoopers as the global leader in Business Advisory Services and Management Consulting in its Global Consulting Marketplace 2008-2011 report. PwC also had a high score in the Human Resources Consulting segment, where it was ranked third.

Daniel McPhee, leader of PwC Canada’s Business Consulting services, said: “At PwC, we're working with our clients to help them safely navigate through a very difficult economic climate. We're providing practical, cost effective and strategic solutions to help organizations find opportunities amidst uncertainty, and to implement sustainable changes that can transform and improve their business today and for the long term."

He added: "Our approach to the market is to bring our clients the benefit of our capabilities across our Advisory, Tax and Assurance businesses-bringing the "right" team of professionals to bear on the client's issues. It's not only our size that sets us apart from other firms, it's our depth of experience and ability to help clients across a range of industries find the right solution."

Kennedy Consulting's report states that PwC's size and high potential for growth make it well positioned to serve clients during the current recession.

PwC employs more than 25,000 consultants around the world and works with more than 80 percent of the world’s Fortune 500 companies.

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PricewaterhouseCoopers, Deloitte, KPMG are top UK graduate employers

by Editor 11/6/2008 4:46:00 PM
Professional services firms PricewaterhouseCoopers (PwC), Deloitte and KPMG have been ranked as the top graduate employers in The Times Graduate Recruitment Awards.

PwC has been voted Employer of the Year for the past five years, matching the record set by IT consulting firm Accenture between 1998 and 2002. PwC is also the top choice for graduates in the accounting sector.

The top 25 firms for graduates are:

1. PricewaterhouseCoopers

2. Deloitte


4. Accenture

5. NHS

6. Civil Service

7. BBC

8. Aldi

9. Teach First

10. Goldman Sachs

11. Ernst & Young

12. HSBC

13. Procter & Gamble

14. GlaxoSmithKline

15. Army

16. Shell

17. Marks & Spencer

18. RBS Group

19. BP

20. Tesco

21. Morgan Stanley

22. J.P. Morgan

23. IBM

24. Google

25. Rolls-Royce

The rest of the Top 100 list can be found here.

The Times Top 100 Graduate Employers is based on a survey of more than 15,000 final-year university students.

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100 Best Companies in 2008 – Working Mother Magazine

by Editor 9/24/2008 4:50:00 PM
Working Mother magazine has released the list of the 100 best companies in terms of support they offer to working mothers.

The factors that the magazine considered when ranking the companies included flextime, telecommuting, parental leave, backup child care, and other family-friendly benefits.

There are four newcomers to the Best 100 list this year: Bain & Co., Dell, FINRA and Moffitt Cancer Center.

Deloitte is one of the companies that have been on the list for 15 years and have now been inaugurated to the Working Mother’s Hall of Fame.

Here are the 10 most family-friendly companies in 2008, in alphabetical order:

  • Abbott
  • Baptist Health South Florida
  • Bristol-Myers Squibb
  • Ernst & Young
  • IBM
  • KPMG
  • The McGraw-Hill Companies
  • Pillsbury Winthrop Shaw Pittman
  • PricewatershouseCoopers
  • S.C. Johnson & Son

To download the complete list, visit the Working Mother magazine website.

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The Consultancy Careers Fair 2008 – London, October 9 -10

by Editor 8/26/2008 4:40:00 PM
This year, the Consultancy Careers Fair will take place at the Barbican Exhibition Hall in central London on October 9th and 10th.

Visiting consultants will have the opportunity to meet recruiters from a wide range of consulting firms. The doors will be open to them on Thursday, October 9th (18:30 – 21:00) and Friday, October 10th (09:30 – 16:30).

To attend, book your ticket on the Consultancy Careers Fair website, where you can also find more information about the event. Spaces are limited, so make sure you register your ticket soon.

UK's leading management and IT consulting firms, including some of the world's best known consultancy brands, and a number of boutique firms will be sending their recruiters to the event.

The consulting firms that will exhibit at the 2008 Consultancy Careers Fair include Accenture, Axon, Consulting Point, Convergys, Dell Corporation, Deloitte, Detica, Ernst & Young, Gartner UK, Hitachi Consulting, IBM, Mindbench, Navigant Consulting, PA Consulting, PCubed, PricewaterhouseCooopers LLP, Proudfoot Consulting, Qedis, Tefen Ltd, and many others. More than 45 stands have already been booked and over 2,500 people are expected to attend the event.

The annual Consultancy Careers Fair is organized by career websites and

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Vault Guide names Top 50 Management and Strategy Consulting Firms

by Editor 8/25/2008 4:30:00 PM
IT consulting jobs,consultant careers
Career website has released the new Vault Guide to the Top 50 Management and Strategy Consulting Firms. Consulting giant McKinsey & Company has taken the top spot for the eighth consecutive year.

The Guide is the result of the career site’s yearly Strategy Consulting Survey, which was conducted from February to April this year and included more than 4,000 consultants.

The consultants rated firms on a scale of 1 to 10 based on the firms’ prestige in the consulting sector.

Here are the top 10 consulting firms according to the Vault Guide:

1. McKinsey & Company

2. The Boston Consulting Group

3. Bain & Company

4. Booz & Company

5. Monitor Group

6. Mercer LLC

7. Deloitte

8. Oliver Wyman

9. PricewaterhouseCoopers LLP

10. L.E.K. Consulting

Three Big Four firms – PricewaterhouseCoopers (ranked #9), Ernst & Young (#11) and KPMG (#16) were reintroduced to the Guide. The firms had separated their consulting divisions from their accounting and audit arms at the turn of the century and, since the non-compete agreements between the firms and their spin-off consulting divisions ended in 2007, they have been hard at work rebuilding the divisions. As a result, the consulting services were the fastest growing service lines for all the three giants. Consequently, it made sense to add them to the Guide again.

Vault’s global consulting editor Naomi Newman said:

“Even though a lot of survey respondents are portraying these firms as coming back from the dead, and not yet integral to the strategy consulting market, there's a real sense that they are quickly getting reacquainted with the industry and asserting themselves accordingly. By virtue of them ranking so well in terms of prestige in their first year back gives us a glimpse into how other consultants view these firms and their potential. It will be interesting to watch their strategy and positioning develop in the market over the next few years.”

The Vault Guide also features company guides and quality of life rankings, with companies rated based on compensation, training, work hours, diversity, offices, etc. The Guide can be ordered at

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Convergys appoints Willard W. Brittain to its board of directors

by Editor 6/26/2008 1:44:00 PM
Convergys Corporation, a relationship management solutions provider, reported this week that Willard W. Brittain has been elected to the company's board of directors, with effect from yesterday, as announced by Philip A. Odeen, non-executive chairman of the board of Convergys.

A director at Perini Corporation, Analysts International Corporation and DaVita Inc, as well as two non-profit boards, Brittain recently served as chairman and CEO of Professional Resources on Demand, an executive search, interim placement and business advisory firm, since March 2003.

Earlier, he was the chief operating officer of PwC Consulting, the information technology, process and strategy consulting business of PricewaterhouseCoopers LLP. Brittain worked with PricewaterhouseCoopers LLP for 28 years before his retirement, even serving as its chief operating officer.

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Ernst & Young tops Google among undergraduate business students

by Editor 6/25/2008 1:08:00 PM
Ernst & Young LLP moved into the number one spot on Universum USA's 2008 survey of IDEAL employers for undergraduate business students and jumped eight positions to number four among all undergraduate students. The survey, the largest of its kind in the U.S., included responses of more than 40,000 college students.

Ernst & Young rose up the undergraduate business student ranks this year from number three in 2007 to number one in 2008, surpassing Google and PricewaterhouseCoopers. The firm also ranked number one this year in a survey of students majoring in accounting and ranked the highest of all accounting firms on a separate Universum undergraduate survey focused on diversity.

"The Universum surveys are particularly important to Ernst & Young because they represent the views of such a large number of undergraduate students. We are proud that Ernst & Young is ranked number one among undergraduate business students and, more importantly, that we are communicating our culture and values in a way that is resonating," noted Nancy Altobello, Ernst & Young's Americas Vice Chair, People. "This recognition underscores the importance of giving students a full and realistic view of why our firm is a great place to work."

Ernst & Young will hire more than 5,500 students as interns or full-time hires this year. The firm has been recognized for its world-class internship program, innovative campus events, and ground-breaking recruitment strategies including a highly-trafficked group page on Facebook. This past year, the firm also launched Reel Influence, a campus video competition, and EY Insight, an interactive web tool available at

Ernst & Young is one of FORTUNE's "100 Best Companies to Work For" and one of Businessweek's "Best Places to Launch a Career."

"Ernst & Young is the perfect example of how consistent and targeted efforts pay off when trying to attract this complex new generation," said Claudia Tattanelli, CEO of Universum USA. "Ernst & Young has been able to understand students' attitudes and values and find new high-tech high-touch ways to communicate with them effectively. The new campaign has resonated in their hearts and in their minds, and so has EY's presence on social networking sites, which has been successful without being invasive. Students are now rewarding EY for its efforts, for understanding them and for providing them with the tools they need to succeed."

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential.

For more information, please visit

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