BEARINGPOINT DELIVERS INTEGRATED RISK, COMPLIANCE AND SECURITY PORTFOLIO  
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BEARINGPOINT DELIVERS INTEGRATED RISK, COMPLIANCE AND SECURITY PORTFOLIO

BEARINGPOINT DELIVERS INTEGRATED RISK, COMPLIANCE AND SECURITY PORTFOLIO
 
Company Announces Cross-Industry Go-to-Market Strategy
 
McLean, Va., Oct. 30, 2007 – BearingPoint, Inc. (NYSE: BE), one of the world’s largest management and technology consulting firms, today announced its first global and cross-industry portfolio of solutions – the BearingPoint Risk, Compliance and Security (RCS) Solution Suite. 
BearingPoint helps clients become “risk-sensitive enterprises” by working with them to proactively detect and manage potential threats before they can impact their business.  The integrated RCS portfolio demonstrates BearingPoint’s ability to scale and deliver the full breadth of its global capabilities--from strategy development to systems deployment and management.
The introduction of a cross-industry portfolio represents a new go-to-market approach for BearingPoint, maximizing the skill, experience and innovation of its 6,000 consultants with risk, compliance and security experience and capabilities across vertical industries in 75 countries.  In addition, the RCS Solution Suite gives BearingPoint the ability to deliver its integrated portfolio of services more rapidly and broadly around the world, with the flexibility to tailor its risk, compliance and security services to address the unique needs of each individual client.
“By developing, selling and delivering an integrated risk, compliance and security portfolio, we can leverage the full breadth and depth of our capabilities to better serve all of our clients--regardless of their industry or location across the world,” said J.R. Reagan, managing director and BearingPoint’s global solution leader for Risk, Compliance and Security. “This approach strengthens our competitive position and allows us to invest in our best ideas and biggest opportunities, and scale them more broadly.”
According to a recent survey of chief information officers by IDG Research Services, nearly 40 percent of the firms said they are spending more time on RCS-related activities than they did a year ago. And, more than 40 percent said their greatest challenge in this area is prioritizing and measuring potential risks. The BearingPoint-commissioned survey found that the next greatest challenge is defining a risk, compliance and security strategy.
As a result, the BearingPoint RCS Solution Suite features:
Ÿ         Risk services that span specialty risk solutions for specific business areas, including credit, operational and market risk, to broad regulatory program solutions that help clients comply with risk management regulations;
Ÿ         Compliance solutions that address financial and accounting regulations, privacy and contracting processes, and customer compliance; and
Ÿ         Security services, including information security and identity management, leveraging technologies such as radio frequency identification (RFID) and biometrics.
 
Recently, BearingPoint began work with the U.S. Census Bureau on a risk assessment of its Longitudinal Employer-Household Dynamics (LEHD) system, one of the agency’s major statistical and computing systems. The LEHD system combines and extrapolates data from numerous sources - including local, state and federal organizations - on employers and employees to predict and provide employment trends and data. 
“Information integrity and security are of paramount importance to us,” said Richard W. Swartz, associate director for Information Technology & CIO, U.S. Census Bureau. “Because we must protect the confidentiality of the people and firms that provide data for our surveys, it is critical that we can proactively identify, measure, monitor and mitigate risk for any important system.”       
Even the most conservative organizations face security threats, financial risks, operational challenges, regulatory hurdles and compliance issues.  Rather than viewing this as a threat, BearingPoint believes that a strategic and consistent risk, compliance and security management program can give organizations a sustainable competitive advantage over those that fail to effectively manage risk.    
“BearingPoint has done well to develop strong risk consulting capabilities, and its deep technology experience is a key differentiator over many of the other top firms in this space,” according to The Forrester Wave: Risk Consulting Services, Q2 June 2007 Report. “Overall, the company scored very well for its ability to deliver organizational and process design as well as technology development and systems integration,” the report said.
BearingPoint offers a comprehensive set of services aimed at designing, building and integrating risk, compliance and security directly into business processes and systems.  Last year alone, the company performed more than 1,900 RCS-related projects and delivers the entire spectrum of solutions, from risk frameworks, governance, operations and compliance, to technologies, data analytics, system integration and change management.
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE: BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide.  Based in McLean, Va., the firm has more than 17,000 employees focusing on the Public Services, Financial Services and Commercial 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.
 
Some of the statements in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995.  These statements are based on our current expectations, estimates and projections.  Words such as “will,” “expects,” “believes” and similar expressions are used to identify these forward-looking statements.  These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.  Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate.  Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements.  As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
 
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