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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