CMA acquires BearingPoint

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CMA of Latham did not disclosew terms ofthe deal. The Latham companh hired 14 BearingPoint employees. CMA now has 362 CMA said it was awardesd the continuation of active projects in a bankruptcy agreement reachedin June. Those projects with the states departments of Health and Education as well as the statr office ofMental Health. Kay CMA’s president, said the acquisition was a great opportunity to add resourcesand expertise. BearingPoint's New York business grew 1,0090 percent during the past five BearingPoint has been selling off its assets under bankruptctreorganization protection.
The Dallas-based BearingPoint filed for bankruptch protection in February under the weightof $1 billionh in debt. Earlier this month, Falls Church, Va.-based (NYSE: CSC) announced it has entered into an agreement toacquirre BearingPoint’s Brazilian operations. The unit has 550 employeea specializing in consulting and systems integratiojn services in offices inSao Paulo, Rio de Janeir and Brasilia. Also this month Boston-basee , an information technology services company, announces it had reached final agreement on terms to purchaser assetsfrom BearingPoint’s public service s business in North America.
Last month, BearingPoinrt completed the sale of its North American commercial services unit tofor $44 and in May Deloitte LLP completexd its $350 million acquisition of BearingPoint’a largest business segment, its Nortb American public services practice.