Friday, December 19, 2008

Consulting Firm BearingPoint Awarded DoD "Thought Leadership & Change Management" Contract Valued up to $260 Million

BearingPoint, Inc., one of the world's largest management and technology consulting firms, announced today that the Department of Defense Business Transformation Agency (BTA) has awarded the Company an indefinite delivery indefinite quantity (IDIQ) contract for thought leadership and change management services. The contract has a five-year ceiling of $260 million.

BearingPoint was one of six firms awarded a contract for BTA's Cross Agency Support Services (CASS) effort for Thought Leadership/Change Management. The effort seeks to deliver a full range of services necessary to support BTA headquarters, directorates, and program/project/product offices in delivering enterprise-level capabilities that align to warfighter needs. BTA's mission is to help guide the transformation of business operations throughout the Department of Defense.

BearingPoint's long history of supporting the Department of Defense, combined with its Business Transformation experience throughout the public sector, strongly positions the firm to support task orders the BTA is anticipated to issue under this new contract. Using Lean, Six Sigma and other methodologies, BearingPoint will assist BTA CASS efforts with thought leadership and change management services that could range from strategic planning and analysis, to governance and organizational design, to increased financial visibility, streamlining of supply chain, and broad training initiatives.

"BearingPoint is a leader in public services transformation," said Brenda Walker, vice president for BearingPoint's Defense practice supporting the Office of the Secretary of Defense and the Defense Agencies. "We believe BearingPoint's proven ability to drive transformation projects, combined with our highly-skilled consultants and an understanding of mission priorities, will serve us well as we work to support the BTA with this critical initiative."

About BearingPoint, Inc.

BearingPoint, Inc. is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the Company's Web site at www.BearingPoint.com.

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