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BearingPoint strengthens hand in Spanish markets with Cumbria deal


Amsterdam, Madrid: Two European management and technology consultancies, BearingPoint and Cumbria Financial Services Consulting, today announced a strategic alliance to expand their market coverage and enhance international services for clients.

Cumbria specialises in financial services consulting in the Spanish speaking world, with offices in Spain, Mexico and Colombia. The alliance covers the European market and will enable both firms to extend their capabilities to answer the growing needs of their clients for cross-country services.

Under the terms of this agreement both firms will refer business opportunities, collaborate on client work and share intellectual capital. BearingPoint and Cumbria will continue to focus on their respective local markets, while collaborating on projects that require transnational reach.

Dr. Robert Wagner, global financial services leader at BearingPoint, said, "With this alliance we will be able to proactively support our clients in Spain, as well as provide comprehensive consulting services for Spanish financial institutions in an international environment.

"As Cumbria is the largest financial services consultancy in Spain, it is the ideal strategic consulting partner for us. We are like-minded consultancies, united by our belief in diverse perspectives, ideas and ways of working. Clients will benefit from locally based resources, expertise, shared IP and uniform service and quality."

Dr. Vincent Lage, Chairman of Cumbria FSC, said, "The work culture, presence and relevance of an international consultancy leader like BearingPoint represent a major leap in our capabilities and enable us to provide our specialized services in a wide range of countries to our mutual clients.

"Additionally, our complementary networks and offices, as well as our expansion plans, create a great opportunity to offer a large international coverage with local knowledge to our current and future customers. At Cumbria FSC, we know that the alignment of strategy, corporate culture, and offerings will allow us to raise our standards of excellence."

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