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BearingPoint buys RiValue

Frankfurt: BearingPoint is to acquire German financial services consultancy RiValue GmbH on January 1, 2014, for an undisclosed sum. RiValue specializes in software solutions for risk management and regulatory reporting in the financial services industry. BearingPoint says the deal strengthens its services in Asset Based Consulting, where it has its own well-known ABACUS product line. RiValue will work as an independent entity within the BearingPoint group and continue to operate under the name RiValue with Dr Werner Gothein as chairman of the board.

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