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Thursday, July 9, 2009

Keane plans BearingPoint buyout

By Galen Moore

Keane Inc. plans to acquire some of the assets of BearingPoint Inc., buying a portion of the bankrupt Dallas, Texas-based government consultant’s U.S. commercial business for undisclosed terms, the Boston-based IT services company announced yesterday.

Keane is adding to its purchase of portions of BearingPoint’s public services business in a deal that was announced last month. The Boston company joins Deloitte and Touche LLP and PricewaterhouseCoopers LLP as a buyer of assets of BearingPoint, which filed for Chapter 11 bankruptcy protection in February.

In an issued statement, Keane chairman and CEO Mani Subramanian said the deal would bring BearingPoint clients and some BearingPoint staff to Keane.

The deal is pending bankruptcy court approval, according to Keane’s press release.

Founded in 1965, with headquarters in Charlestown, Keane has about 12,000 employees worldwide.
 

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