BearingPoint acquires business analytics software Hypercube
FRANKFURT AM MAIN, GERMANY — Management and technology consultancy BearingPoint announced the acquisition of business analytics solution Hypercube. With the transaction BearingPoint reacts on an increasing challenge many companies face regarding their business performance and perspectives: 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 expands 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.”
Hypercube is a software developed in over fifteen years of advanced mathematical research in the scientific field. It has been continuously further enhanced to better reflect the needs of various industry segments and has been successfully implemented in a number of renowned companies. Its new non statistical approaches are enabled by a state of the art mathematical algorithm as well as massive computing capabilities provided in a cloud computing environment (SaaS). The solution is highly respected by the scientific community. In 2010 it was awarded by the MIT Sloan School as innovative showcase and the international Pasteur Institute declared it as being the best performing data analysis tool.
Alongside the investment, BearingPoint has acquired a major percentage of the Hypercube software company currently called Effiscience. The new software supplements the firm’s product and solution portfolio such as the regulatory reporting tool ABACUS and the Infonova product suite.