Is this our Baroni???? ---- seems he's an expert on Fed contracts so his involv
posted on
Sep 17, 2009 08:14AM
Or maybe it's all a bunch of off-base nonsense who knows,,,,
GLTA
n. 1. Brilliancy of success or effort; splendor; brilliant show; striking effect
https://www.gsaadvantage.gov/ref_text/GS10F0063R/GS10F0063R_online.htm
New $50 million consulting firm will focus on federal market
Greg Baroni's deal to acquire one of the last pieces of his former employer, BearingPoint, is just the beginning for his new venture, Eclat Consulting LLC.
“Stay tuned, we have the platform,” Baroni said, having just secured the remaining $50 million in government contracts and employees from bankrupt BearingPoint.
Late last week, Baroni, who founded Eclat about a year ago to go after the consulting company, secured the last of his wish list, a $7 million credit facility from Access National bank.
Baroni is a former executive at KPMG, which spun off its consulting unit in 1999 to become BearingPoint. Earlier this year the company declared bankruptcy. Baroni also is the former president of Unisys Corp.'s federal business.
Although Deloitte purchased most of BearingPoint’s government contracts, it was forced to leave about $50 million worth of federal work on the table because of potential conflicts of interest.
Baroni formed Eclat in 2008 and tried several times to buy the remaining entity, which provides advisory and management consulting services, IT outsourcing and business process outsourcing.
“We gained assets of about 200 employees and about 100 federal, state and local, and even some educational clients,” Baroni said of the deal.
Eclat is already working on two contracts it inherited from the BearingPoint.
“We have the applications management and outsourcing contract in the county of San Diego. And then on the [business process outsourcing] front we have a large grants management outsourcing contract” with a private institution that works with federal agencies, he said.
As chief executive officer, Baroni worked out a bridge loan from Access National Bank and the $7 million line of credit last week, which enabled his new venture to take over those contracts and the remaining BearingPoint employees.