BearingPoint
Encyclopedia
BearingPoint is an independent management and technology consulting firm. Following a post-bankruptcy management buyout
in August 2009, BearingPoint has been operated by its European management team and is organized as a partnership
. BearingPoint is a European-based company, but operates with a global reach.
companies and government organizations in more than 60 countries. Based in McLean, Virginia
, USA, the firm reported approximately 17,100 employees and major practice areas focusing on the public, financial and commercial services. With a $1 billion debt and a looming repayment deadline, the company filed for Chapter 11 bankruptcy for its US operations on February 18, 2009. The company asked the courts to allow operations to continue uninterrupted during what was termed as a reorganization. By May 2009, the company's Japan business unit had been sold to PricewaterhouseCoopers
, one North American business unit had been acquired by Deloitte, another was being purchased by PwC subject to court approval, and the BearingPoint website said it was "no longer hiring employees in North America." Its Brazil unit went to CSC
in July 2009 and China unit to Perot Systems
in October the same year.
In Australia, BearingPoint completed a local management buy out (MBO) in September 2009. As a wholly owned and operated Australian entity, BearingPoint continues to deliver consulting solutions in that country.
Prior to reorganization, the company was profiled as providing management and technology strategy, systems design and architecture, applications implementation, network infrastructure, systems integration and managed services, all in the effort to help clients make money, reduce costs and find information quickly. In 2006 the company had been among Fortune magazine’s “Most Admired” companies in its Information Technology Services sector.
’s consulting services, created as a distinct business unit in 1997. KPMG had been providing consulting services to clients since its first contract with the US Navy prior to World War I. On January 31, 2000, KPMG formally spun off the consulting unit as KPMG Consulting, LLC. On February 8, 2001, the company went public on the NASDAQ
market at $18 a share under the ticker "KCIN."
Over the next year and a half, the company acquired some of KPMG’s country consulting practices, plus country practices and hiring from Arthur Andersen
’s business consulting unit. On October 2, 2002, the company was re-named BearingPoint and the next day began trading on the New York Stock Exchange
under the ticker “BE.”
The company had been sponsoring golf
professional Phil Mickelson
, who had been wearing the BearingPoint/KPMG Consulting name on the front of his cap, since 2000. However, on Feb 1, 2008, the company announced on its website that it was ending its relationship with Mickelson, effective immediately. Mickelson has since entered into a sponsorship relation with BearingPoint's former parent, KPMG
.
In 2008, it was ranked by BusinessWeek
as one of the Top 75 places to launch a career and by Defense News as one of the Top 100 Defense Contractors.
On November 13, 2008, BearingPoint received notice from NYSE Regulation, Inc. (NYSE) that the NYSE had decided to suspend BearingPoint's common stock from trading prior to market opening on Monday, November 17, 2008.
On February 18, 2009, BearingPoint filed for Chapter 11 bankruptcy protection. Unable to sustain the heavy debt load resulting from ill-advised expansion moves and costly management errors, the company negotiated debt for equity swaps with its creditors and zeroed the value of its common shares, wiping out existing investors.
On March 23, 2009, BearingPoint announced on its website that it reached an agreement to sell a significant portion of its Public Services practice to Deloitte. It also signed a non-binding letter of intent to sell a substantial portion of its Commercial Services practice to PricewaterhouseCoopers (PwC). Finally, it is in separate negotiations with other parties and local management teams involving the remaining parts of its business, including the potential sale of its practice in Japan to PwC.
On September 3, 2009, BearingPoint announced on its website that effective August 28, 2009, BearingPoint was operated by its European management team and owned by about 120 Partners in 14 countries throughout Europe. Peter Mockler, who had been serving as the EMEA leader for BearingPoint since 2006, and his management team continued to lead the organisation, providing leadership stability and continuity. Employing 3.250 people in the European region, the independent company kept the BearingPoint brand.
Each industry group breaks out into segments.
While many of company’s offerings have emerged from the industry teams, it now has dedicated organizations for developing, launching and delivering them. The Management Consulting unit works on business strategy and related issues; customer relationship management; supply chain management; financial management; mergers and integration; human capital management; business process and performance improvement; growth and innovation; and business transformation.
The Technology Solutions unit focuses on application services and integration; custom and large-scale systems integration; network infrastructure and managed services opportunities, predominantly applications management.
to offer products to help enterprises find internal data more easily.
The company also works with software vendors Google, Microsoft, Oracle, CA and SAP, and hardware vendors HP and IBM, and several dozen smaller partners.
BearingPoint was late in filing its financial reports through 2007. The company is now current in filing its financial reports. The Company said its net loss for the first quarter ended March 31, 2007 narrowed as revenue grew and costs declined. The company recorded a net loss of $61.7 million, or 29 cents per share for the first quarter, compared with a loss of $72.7 million, or 34 cents per share, in the same period a year earlier. The company recorded a net loss of $64.0 million, or 30 cents per share for the second quarter, compared with a loss of $2.85 million, or 1 cent per share, in the same period a year earlier. BearingPoint's shareholders' deficit was $365 million as of the close of the second quarter 2007 with a total accumulated deficit of $1.9 billion. On Aug. 11 2008, the company reported its first net income in three years and, as of the third quarter of 2008, had reported operating income for three consecutive quarters. During the third quarter of 2008, BearingPoint said its net loss was $30.5 million or $0.14 a share, an improvement of $37.5 million compared to the third quarter of 2007. BearingPoint's shareholders' deficit was $469.2 million as of the close of the third quarter 2008.
The company has defended itself in several court cases concerning allegations of contracting irregularities and disclosures that its officials overstated its profits in 2003. BearingPoint said it continues to work toward timely filings before the end of the 2007. It also said that its failure to timely file certain periodic reports with the SEC poses risks to its business, which could hurt its financial condition and results of operations.
BearingPoint has had difficulties with several major clients, including an outsourcing arrangement with Hawaiian Telcom. On February 7, 2007, BearingPoint announced that it had reached a settlement with Hawaiian Telcom due to issues with an IT system contract, paying the Hawaii telco $52 million and erasing an additional $30 million in previously submitted invoices. In exchange, Hawaiian Telcom released BearingPoint from any further liability. A day later, Hawaiian Telcom announced that it had signed a contract with Accenture
to take over BearingPoint's role in their systems development.
On December 10, 2008, BearingPoint filed a Certificate of Amendment to the Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware to effect a previously approved reverse stock split of the Company's outstanding common stock, par value $0.01 per share, at a ratio of one-for-fifty. The reverse stock split will be effective at 6:01 p.m., Eastern Time, on December 10, 2008, at which time every fifty shares of Common Stock that were issued and outstanding will automatically combine into one issued and outstanding share of Common Stock. The Company expects that its Common Stock will trade on the OTC Bulletin Board on a post-split basis under the new trading symbol "BGPT" beginning on December 11, 2008.
Critics of BearingPoint observed that the steady decline of the company's finances occurred at a time when competitors did not experience equivalent distress. Unexplained irregularities in the financial history of BearingPoint include the failure to invest any significant portion of the IPO funds in the company; the rapid placement and liquidation of a large investment by Cisco preceding the IPO; the assertion that the company, which sells expertise in implementing financial systems, bungled its own financial systems deployment; the multiple restatements of earnings; a lengthy failure to file financial statements; and auditors' findings of inadequate internal financial controls.
Once incorporated into BearingPoint’s Public Services industry organization, Barents Group evolved into BearingPoint’s Emerging Markets segment and gained a reputation for doing economic project work in post-conflict regions.
BearingPoint arrived in Afghanistan after the collapse of the Taliban to advise the government in 2003 on economic restructuring. The multi-year $170 million USAID contract provided technical staff to the Afghan Ministries of Finance, Telecommunications, Economy, Commerce, and the Central Bank, Parliament and office of the President. Deliverables included bank licensing and supervision, creation of the capital notes market, monetary policy to limit inflation, privatization of the telecom sector, creation of a telecom independent regulator, modernization of customs and taxes, and the introduction of the commercial framework and laws.
One such project relates to a $240 million USAID
contract for assistance in the development of a competitive private sector in Iraq
, where according to a federal investigation the job specifications had mostly been written by BearingPoint itself, effectively excluding competitors from the bid. Ultimately, however, BearingPoint won the project in open competition. This contract led BearingPoint to be listed as the number two "war profiteer of 2004" by the Center for Corporate Policy, a think tank founded by Ralph Nader
.
On 5 January 2005, BearingPoint employee Tracy Hushin (among others) was killed by a suicide bomber on her way home from Baghdad International Airport. Her death occurred between the protected Green Zone and the airport.
Three of the security guards were shot dead; the bodies of Jason Swindlehurst and Jason Creswell were handed over to local authorities in June 2009 with Alec MacLachlan's body following in September that year. Moore himself was released in December 2009, after two and a half years in captivity, the longest British hostage situation since the Lebanon hostage crisis
. The remaining security guard, Alan McMenemy, is believed to be dead, although his body has not been released despite pleas from British Foreign Secretary David Miliband
.
is an open source
delivery methodology for Enterprise information management
that was started by BearingPoint and released to the open source community in December, 2006 under the Creative Commons
Attribution License
. The technology platform that supports MIKE2.0 (omCollab) uses a foundation of open source
technologies with a number of extensions and customizations. The overall product is referred to as "omCollab" and is released in its entirety to the open source community
as part of the project.
Since its release to the open source community, MIKE2.0 has been referenced a number of times as a case study on Web 2.0 communities
, including a recently released book, Groundswell
.
The content has also been taught through a number of online webinars and as a part of a Melbourne University lecture series on Data Warehousing.
,
of which some of the training materials are available on the MIKE2.0 site. AIIM have based their
Enterprise 2.0
specialist certification program around the MIKE2.0 Solution Offering and use the overall approach as a training case study.
Management buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...
in August 2009, BearingPoint has been operated by its European management team and is organized as a partnership
Partnership
A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.Since humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and varied combinations thereof, have always been and remain commonplace...
. BearingPoint is a European-based company, but operates with a global reach.
Recent history
Before its breakup in 2009 and acquisition in part by other companies, BearingPoint Inc. was one of the world’s largest providers of management and technology consulting services to Global 2000Forbes Global 2000
The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world by Forbes magazine. The ranking is based on a mix of four metrics: sales, profit, assets and market value...
companies and government organizations in more than 60 countries. Based in McLean, Virginia
McLean, Virginia
McLean is an unincorporated community and census-designated place in Fairfax County in Northern Virginia. The community had a total population of 48,115 as of the 2010 census....
, USA, the firm reported approximately 17,100 employees and major practice areas focusing on the public, financial and commercial services. With a $1 billion debt and a looming repayment deadline, the company filed for Chapter 11 bankruptcy for its US operations on February 18, 2009. The company asked the courts to allow operations to continue uninterrupted during what was termed as a reorganization. By May 2009, the company's Japan business unit had been sold to PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers is a global professional services firm headquartered in London, United Kingdom. It is the world's largest professional services firm measured by revenues and one of the "Big Four" accountancy firms....
, one North American business unit had been acquired by Deloitte, another was being purchased by PwC subject to court approval, and the BearingPoint website said it was "no longer hiring employees in North America." Its Brazil unit went to CSC
Computer Sciences Corporation
Computer Sciences Corporation is an American information technology and business services company headquartered in Falls Church, Virginia, USA...
in July 2009 and China unit to Perot Systems
Perot Systems
Perot Systems was an information technology services provider founded in 1988 by a group of investors led by Ross Perot and based in Plano, Texas, United States. A Fortune 1000 corporation with offices in more than 25 countries, Perot Systems employed more than 23,000 people and had an annual...
in October the same year.
In Australia, BearingPoint completed a local management buy out (MBO) in September 2009. As a wholly owned and operated Australian entity, BearingPoint continues to deliver consulting solutions in that country.
Prior to reorganization, the company was profiled as providing management and technology strategy, systems design and architecture, applications implementation, network infrastructure, systems integration and managed services, all in the effort to help clients make money, reduce costs and find information quickly. In 2006 the company had been among Fortune magazine’s “Most Admired” companies in its Information Technology Services sector.
History
The company has a 100-year history. It emerged as KPMGKPMG
KPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....
’s consulting services, created as a distinct business unit in 1997. KPMG had been providing consulting services to clients since its first contract with the US Navy prior to World War I. On January 31, 2000, KPMG formally spun off the consulting unit as KPMG Consulting, LLC. On February 8, 2001, the company went public on the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
market at $18 a share under the ticker "KCIN."
Over the next year and a half, the company acquired some of KPMG’s country consulting practices, plus country practices and hiring from Arthur Andersen
Arthur Andersen
Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and consulting services to large corporations...
’s business consulting unit. On October 2, 2002, the company was re-named BearingPoint and the next day began trading on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
under the ticker “BE.”
The company had been sponsoring golf
Golf
Golf is a precision club and ball sport, in which competing players use many types of clubs to hit balls into a series of holes on a golf course using the fewest number of strokes....
professional Phil Mickelson
Phil Mickelson
Philip Alfred Mickelson is an American professional golfer. He has won four major championships and a total of 39 events on the PGA Tour. He has reached a career high world ranking of 2nd in multiple years. He is nicknamed "Lefty" for his left-handed swing, even though he is otherwise right-handed...
, who had been wearing the BearingPoint/KPMG Consulting name on the front of his cap, since 2000. However, on Feb 1, 2008, the company announced on its website that it was ending its relationship with Mickelson, effective immediately. Mickelson has since entered into a sponsorship relation with BearingPoint's former parent, KPMG
KPMG
KPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....
.
In 2008, it was ranked by BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
as one of the Top 75 places to launch a career and by Defense News as one of the Top 100 Defense Contractors.
On November 13, 2008, BearingPoint received notice from NYSE Regulation, Inc. (NYSE) that the NYSE had decided to suspend BearingPoint's common stock from trading prior to market opening on Monday, November 17, 2008.
On February 18, 2009, BearingPoint filed for Chapter 11 bankruptcy protection. Unable to sustain the heavy debt load resulting from ill-advised expansion moves and costly management errors, the company negotiated debt for equity swaps with its creditors and zeroed the value of its common shares, wiping out existing investors.
On March 23, 2009, BearingPoint announced on its website that it reached an agreement to sell a significant portion of its Public Services practice to Deloitte. It also signed a non-binding letter of intent to sell a substantial portion of its Commercial Services practice to PricewaterhouseCoopers (PwC). Finally, it is in separate negotiations with other parties and local management teams involving the remaining parts of its business, including the potential sale of its practice in Japan to PwC.
On September 3, 2009, BearingPoint announced on its website that effective August 28, 2009, BearingPoint was operated by its European management team and owned by about 120 Partners in 14 countries throughout Europe. Peter Mockler, who had been serving as the EMEA leader for BearingPoint since 2006, and his management team continued to lead the organisation, providing leadership stability and continuity. Employing 3.250 people in the European region, the independent company kept the BearingPoint brand.
Organization
BearingPoint is organized around three industry business units – Public Services, Commercial Services and Financial Services.Each industry group breaks out into segments.
- Financial Services consists of Banking, Insurance, Global Markets, and Hospitality services.
- Public Services consists of Defense; Emerging Markets; Federal / National Government; Health Services; and State and Local Governments / Education / Nonprofits.
- Commercial Services, which addresses the widest swath of the market, consists of Automotive; Energy and Chemicals; Communications and Media; Consumer Packaged Goods; Electronics / Software; Life Sciences; Industrial Markets; Retail / Wholesale; Transportation; and Utilities.
While many of company’s offerings have emerged from the industry teams, it now has dedicated organizations for developing, launching and delivering them. The Management Consulting unit works on business strategy and related issues; customer relationship management; supply chain management; financial management; mergers and integration; human capital management; business process and performance improvement; growth and innovation; and business transformation.
The Technology Solutions unit focuses on application services and integration; custom and large-scale systems integration; network infrastructure and managed services opportunities, predominantly applications management.
Alliances
On February 14, 2006, BearingPoint announced the first industry teaming arrangement with GoogleGoogle
Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
to offer products to help enterprises find internal data more easily.
The company also works with software vendors Google, Microsoft, Oracle, CA and SAP, and hardware vendors HP and IBM, and several dozen smaller partners.
Financial position
The company filed for Chapter 11 in the U.S. Bankruptcy Court in the Southern District of New York on February 18, 2009, with $2.23 billion in total debt and $1.76 billion in total assets as of Sept. 30. The filing includes only the company's U.S. operations.BearingPoint was late in filing its financial reports through 2007. The company is now current in filing its financial reports. The Company said its net loss for the first quarter ended March 31, 2007 narrowed as revenue grew and costs declined. The company recorded a net loss of $61.7 million, or 29 cents per share for the first quarter, compared with a loss of $72.7 million, or 34 cents per share, in the same period a year earlier. The company recorded a net loss of $64.0 million, or 30 cents per share for the second quarter, compared with a loss of $2.85 million, or 1 cent per share, in the same period a year earlier. BearingPoint's shareholders' deficit was $365 million as of the close of the second quarter 2007 with a total accumulated deficit of $1.9 billion. On Aug. 11 2008, the company reported its first net income in three years and, as of the third quarter of 2008, had reported operating income for three consecutive quarters. During the third quarter of 2008, BearingPoint said its net loss was $30.5 million or $0.14 a share, an improvement of $37.5 million compared to the third quarter of 2007. BearingPoint's shareholders' deficit was $469.2 million as of the close of the third quarter 2008.
The company has defended itself in several court cases concerning allegations of contracting irregularities and disclosures that its officials overstated its profits in 2003. BearingPoint said it continues to work toward timely filings before the end of the 2007. It also said that its failure to timely file certain periodic reports with the SEC poses risks to its business, which could hurt its financial condition and results of operations.
BearingPoint has had difficulties with several major clients, including an outsourcing arrangement with Hawaiian Telcom. On February 7, 2007, BearingPoint announced that it had reached a settlement with Hawaiian Telcom due to issues with an IT system contract, paying the Hawaii telco $52 million and erasing an additional $30 million in previously submitted invoices. In exchange, Hawaiian Telcom released BearingPoint from any further liability. A day later, Hawaiian Telcom announced that it had signed a contract with Accenture
Accenture
Accenture plc is a global management consulting, technology services and outsourcing company headquartered in Dublin, Republic of Ireland. It is the largest consulting firm in the world and is a Fortune Global 500 company. As of September 2011, the company had more than 236,000 employees across...
to take over BearingPoint's role in their systems development.
On December 10, 2008, BearingPoint filed a Certificate of Amendment to the Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware to effect a previously approved reverse stock split of the Company's outstanding common stock, par value $0.01 per share, at a ratio of one-for-fifty. The reverse stock split will be effective at 6:01 p.m., Eastern Time, on December 10, 2008, at which time every fifty shares of Common Stock that were issued and outstanding will automatically combine into one issued and outstanding share of Common Stock. The Company expects that its Common Stock will trade on the OTC Bulletin Board on a post-split basis under the new trading symbol "BGPT" beginning on December 11, 2008.
Critics of BearingPoint observed that the steady decline of the company's finances occurred at a time when competitors did not experience equivalent distress. Unexplained irregularities in the financial history of BearingPoint include the failure to invest any significant portion of the IPO funds in the company; the rapid placement and liquidation of a large investment by Cisco preceding the IPO; the assertion that the company, which sells expertise in implementing financial systems, bungled its own financial systems deployment; the multiple restatements of earnings; a lengthy failure to file financial statements; and auditors' findings of inadequate internal financial controls.
Economic development projects
To help obtain mandates in the emerging markets sector, the firm in 2000 retained the Barents Group in its separation from KPMG. The Barents Group specialized in economic consulting in developing countries, usually through contracts awarded by the US Agency for International Development (USAID). Barents Group was also the leading Privatization Advisory firm in Emerging Markets of Eastern Europe and CIS, including privatizations of gold mines in Uzbekistan through its offices in Tashkent, in 1995-97.Once incorporated into BearingPoint’s Public Services industry organization, Barents Group evolved into BearingPoint’s Emerging Markets segment and gained a reputation for doing economic project work in post-conflict regions.
BearingPoint arrived in Afghanistan after the collapse of the Taliban to advise the government in 2003 on economic restructuring. The multi-year $170 million USAID contract provided technical staff to the Afghan Ministries of Finance, Telecommunications, Economy, Commerce, and the Central Bank, Parliament and office of the President. Deliverables included bank licensing and supervision, creation of the capital notes market, monetary policy to limit inflation, privatization of the telecom sector, creation of a telecom independent regulator, modernization of customs and taxes, and the introduction of the commercial framework and laws.
One such project relates to a $240 million USAID
United States Agency for International Development
The United States Agency for International Development is the United States federal government agency primarily responsible for administering civilian foreign aid. President John F. Kennedy created USAID in 1961 by executive order to implement development assistance programs in the areas...
contract for assistance in the development of a competitive private sector in Iraq
Iraq
Iraq ; officially the Republic of Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....
, where according to a federal investigation the job specifications had mostly been written by BearingPoint itself, effectively excluding competitors from the bid. Ultimately, however, BearingPoint won the project in open competition. This contract led BearingPoint to be listed as the number two "war profiteer of 2004" by the Center for Corporate Policy, a think tank founded by Ralph Nader
Ralph Nader
Ralph Nader is an American political activist, as well as an author, lecturer, and attorney. Areas of particular concern to Nader include consumer protection, humanitarianism, environmentalism, and democratic government....
.
On 5 January 2005, BearingPoint employee Tracy Hushin (among others) was killed by a suicide bomber on her way home from Baghdad International Airport. Her death occurred between the protected Green Zone and the airport.
Iraq Hostage Crisis
On May 29, 2007, BearingPoint IT consultant Peter Moore and his four security guards (from Canadian security company GardaWorld) were abducted from the finance ministry in Baghdad, Iraq. All five men were British. The kidnappers wore Iraqi police uniforms, and arrived in police vehicles.Three of the security guards were shot dead; the bodies of Jason Swindlehurst and Jason Creswell were handed over to local authorities in June 2009 with Alec MacLachlan's body following in September that year. Moore himself was released in December 2009, after two and a half years in captivity, the longest British hostage situation since the Lebanon hostage crisis
Lebanon hostage crisis
The Lebanon hostage crisis refers to the systematic kidnapping in Lebanon of 96 foreign hostages of 21 national origins – mostly American and western European – between 1982 and 1992...
. The remaining security guard, Alan McMenemy, is believed to be dead, although his body has not been released despite pleas from British Foreign Secretary David Miliband
David Miliband
David Wright Miliband is a British Labour Party politician who has been the Member of Parliament for South Shields since 2001, and was the Secretary of State for Foreign and Commonwealth Affairs from 2007 to 2010. He is the elder son of the late Marxist theorist Ralph Miliband...
.
Open Source Initiatives
BearingPoint plays an active role in the open source community. MIKE2.0 (Method for an Integrated Knowledge Environment)MIKE2.0 Methodology
MIKE2.0 is an open source delivery methodology for Enterprise information management. MIKE2.0 was released to the public in December, 2006, by BearingPoint, a management and technology consulting company, under the Creative Commons Attribution License...
is an open source
Open source
The term open source describes practices in production and development that promote access to the end product's source materials. Some consider open source a philosophy, others consider it a pragmatic methodology...
delivery methodology for Enterprise information management
Enterprise information management
Enterprise Information Management is a particular field of interest within information technology area. It specializes in finding solutions for optimal use of information within organizations, for instance to support decision-making processes or day-to-day operations that require the availability...
that was started by BearingPoint and released to the open source community in December, 2006 under the Creative Commons
Creative Commons
Creative Commons is a non-profit organization headquartered in Mountain View, California, United States devoted to expanding the range of creative works available for others to build upon legally and to share. The organization has released several copyright-licenses known as Creative Commons...
Attribution License
Creative Commons licenses
Creative Commons licenses are several copyright licenses that allow the distribution of copyrighted works. The licenses differ by several combinations that condition the terms of distribution. They were initially released on December 16, 2002 by Creative Commons, a U.S...
. The technology platform that supports MIKE2.0 (omCollab) uses a foundation of open source
Open source
The term open source describes practices in production and development that promote access to the end product's source materials. Some consider open source a philosophy, others consider it a pragmatic methodology...
technologies with a number of extensions and customizations. The overall product is referred to as "omCollab" and is released in its entirety to the open source community
as part of the project.
Since its release to the open source community, MIKE2.0 has been referenced a number of times as a case study on Web 2.0 communities
Web 2.0
The term Web 2.0 is associated with web applications that facilitate participatory information sharing, interoperability, user-centered design, and collaboration on the World Wide Web...
, including a recently released book, Groundswell
Groundswell (book)
Groundswell is a book by Forrester Research executives Charlene Li and Josh Bernoff that focuses on how companies can take advantage of emerging social technologies.It was published in 2008 by Harvard Business Press...
.
The content has also been taught through a number of online webinars and as a part of a Melbourne University lecture series on Data Warehousing.
,
of which some of the training materials are available on the MIKE2.0 site. AIIM have based their
Enterprise 2.0
Enterprise 2.0
Enterprise 2.0 is the use of "Web 2.0" technologies within an organization to enable or streamline business processes while enhancing collaboration - connecting people through the use of social-media tools. Enterprise 2.0 aims to help employees, customers and suppliers collaborate, share, and...
specialist certification program around the MIKE2.0 Solution Offering and use the overall approach as a training case study.