PRESS RELEASE – WÜRZBURG, May 14th, 2019
As part of a management buy-out, founder Carsten Bange takes over the analyst firm BARC (Business Application Research Center) again. With this step, BARC strengthens its role as an independent expert for data and analytics, corporate performance management and enterprise software.
Carsten Bange founded BARC in 1999 and has been the company’s managing director ever since. In 2011 BARC was integrated into the Franco-German analyst group CXP. Following the entry of a new majority shareholder in 2017, CXP’s strategic orientation changed. The analyst group, now known as “teknowlogy Group”, is strategically focused on the development of its SITSI program and associated consulting activities for IT service companies, as well as “myteknow”, a new content platform for IT strategy.
In light of this change in strategy, BARC Managing Director Carsten Bange is buying back the BARC Group – with companies in Germany, Austria and Switzerland and more than 50 employees – as part of a management buy-out.
“We can look back on eight years of close and successful partnership. BARC will continue to work with teknowlogy Group to bring studies and expertise to data & analytics and performance management. At the same time, as an independent analyst house, we can provide our clients with know-how via our studies, advisory, training and events”, explained Bange.
For twenty years, BARC has been helping its clients make confident decisions for the digital future of their businesses. “Sound knowledge of market development is the foundation for goal-oriented consulting in projects and the implementation of market-leading conferences and community events,” said Bange. “BARC customers benefit from the breadth and depth of our expertise in driving efficiency through software and the values we live and breathe in an owner-managed medium-sized company: integrity, customer orientation and quality.
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