BearingPoint takes HyperCube stake.
Frankfurt am Main: BearingPoint has made what it calls a significant investment in the world-leading business analytics solution HyperCube.
It has acquired a majority holding in HyperCube's parent software company, Paris-based effiScience, for an undisclosed sum.
BearingPoint says the deal is its reaction to an increasing challenge many of its client companies now face: how to handle and use a growing amount of available data in business processes. HyperCube offers a solution to quantify 'big data' with very high precision, to identify opportunities and hedge risks along the entire value chain. The software generates easy to understand formal rules immediately usable by end-users and thus improves the way companies make decisions. By acquiring the technology BearingPoint says it will expand its service portfolio in the fast growing asset based consulting field and offers market-specific analytics applications.
"The integration of the software is important for meeting future needs of our customers in handling and using 'big data' in their business processes", says Peter Mockler, Managing Partner at BearingPoint. "Business analytics will become one of the most challenging prospective corporate requirements. Thus, with the transaction we are taking another important step in extending our role as one of the leading business consultancies internationally."
Alys Woodward, Program Manager, European Business Analytics, IDC, comments, "HyperCube has the ability to help organizations identify causal links between different factors as represented in a dataset, and present these links as business rules in a simple format to an end user. The fact that it outpaces traditional statistics by firstly requiring no hypothesis and secondly working on a full dataset rather than a sample is very powerful. It constitutes an excellent reusable asset for BearingPoint's consulting practice."