BearingPoint acquires disphere technology to fuel financial services growth

Management and technology consulting Bearing Point acquired disphere technology, which provides cloud solutions to the financial services industry. Financial terms of the deal were not disclosed.

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Based in Munich, Germany, disphere owns the diContract cloud platform which offers digital onboarding functions, brokerage contract approval, video and audio consultations, portfolio transfers, FDPR compliance features and customer data and management of external contracts. The company will operate as a fully integrated part of BearingPoint, the companies shared.

The acquisition of disphere tech strengthens BearingPoint’s position in consulting and products, according to the company.

BearingPoint acquires disphere technology to push financial services

Sven Gerhardus, Partner in BearingPoint’s Insurance segment, commented:

“In our client projects, it is obvious that communication between insurer, client, insurance agent, broker and pool of brokers is a major issue, especially for traditional insurers. Optimizing and digitizing these processes with disphere tech’s GDPR compliant solution is an absolute quick win for insurance companies. This is why disphere technology fits perfectly into our consulting portfolio. diContract will improve the digital experience for customers and agents/brokers in the financial services industry. It is an all-in-one smart remote selling platform that is easy to use and greatly reduces process efforts. »

Patrick Hüttemann, founder, dispheretech

Patrick Hüttemann, founder of disphere tech, said:

“Our merger with BearingPoint fits perfectly with our goal of having more impact when it comes to supporting our clients in the development of business excellence and digital marketing solutions. BearingPoint’s excellent reputation in the financial services sector and its industry expertise will help us evolve our solutions, in particular diContract, and allow us to carry out even more ambitious projects.

Kiumars Hamidian, Managing Partner at BearingPoint, added:

“Integration of intellectual property and assets along with business creation and innovation are key elements of our 2025 strategy. The integration of disphere technology represents an important step in achieving BearingPoint’s strategic objectives. . diContract is another highly targeted asset that is a great addition to our BearingPoint product portfolio. »

Donald Wachs, BearingPoint Product Manager, said:

“Our investment in diContract expands our portfolio of industry-focused software and shows that our specific product organization is attractive and enables start-ups to accelerate their growth story in terms of technology and market reach within Bearing Point. diContract will be added to our BearingPoint Store as a central marketplace for all of our industry-leading solutions.