'Tenzing' it is for local BearingPoint business

Email reveals more detail on pending management buyout

Consulting firm BearingPoint's local business looks set to reemerge under the name "Tenzing" according to an email obtained by Computerworld.

The email announces Suri Bartlett and Chris Day "are pleased to be taking over the consulting business of BearingPoint New Zealand, resulting in the transition of the consulting business to Tenzing Ltd."

Both are long-standing partners of BearingPoint, formerly KPMG Consulting. The email says they look forward to applying the "agility that comes with local ownership" and that their team is also joining Tenzing.

A search of the Companies Office shows Cadence NZ Ltd, named in an earlier Computerworld story which broke news of the impending buyout, was renamed Tenzing Ltd on January 8. This was the third time the company had been renamed in a month.

Bartlett and Day are equal shareholders.

Bartlett says for contractual reasons he is not able to comment on the deal as yet. He referred queries to BearingPoint in the US, which has previously stated it remains active in the New Zealand market.

"Tenzing is a name with a strong link to one of New Zealand’s finest moments in history — Sir Edmund’s famous feat on Mt Everest in 1953, where he was most ably assisted by the Sherpa Tenzing Norgay.

"As Tenzing did, we will work collaboratively with our clients to understand their challenges, and assist in achieving their aspirations. As part of this ethos of serving our clients, we remain committed to delivering high-quality professional services," the email says.

The company will remain focused on the delivery of management and technology consulting, it says, and key technology partners, such as SAP, IBM, and Google, have said they will continue to support Tenzing.

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