and could there be another type of relationship brewing between Eclat and PTSC? Is it possible that we might be providing the credit facility instead of Access National? OK....grasping at best....those who know better, please educate me.

http://washington.bizjournals.com/washington/stories/2009/09/14/story1.html

“Several banks let us down,” Baroni said, noting that one “nearly cost us the transaction.”

Enter Michael Clarke, president of Reston-based Access National. His bank managed to work out a bridge loan to Baroni and O’Neill. It also agreed to a credit facility of approximately $7 million in about eight weeks. The two parties were expected to sign the credit facility by Sept. 11.

With the deal done, Baroni says growth at Eclat will be narrowly focused on government customers, primarily federal. It won’t seek international government markets anytime soon. Chalk that up to lessons learned from BearingPoint.

For now, Eclat’s two biggest clients are the Army and the Department of Veterans Affairs. The VA was a fairly large chunk of BearingPoint business that Deloitte had to pass up because it already provides services that would pose a conflict of interest.

Eclat isn’t trying to compete with the big guns, at least not in the next three to five years. Deloitte’s new government work immediately rockets its government services division from $400 million in annual revenue to $1.2 billion, company officials say.

The problem Deloitte faces will be getting the new talent from BearingPoint to stick around, Baroni said. “As with many large acquisitions, there could be considerable turnover. … I’m going to be a magnet for those people.”

For now Baroni will enjoy being “a little guy” again, he said, with a calculated grin. He is ready to take on the risks of building a major contender from scratch, just like the young team did at KPMG.

“People forget how small we were,” he said. “We were just north of $50 million in the mid-1990s. By 2001, we were just shy of a billion.”