BearingPoint Press Releases

BearingPoint Commercial Services Business Approved for Sale to PricewaterhouseCoopers

28 May 2009 21:09:01 GMT

New York, May 28, 2009 – BearingPoint, Inc. (OTCBB: BGPTE), a management and technology consulting firm, today announced that the sale of a significant portion of its North American Commercial Services business, including its Financial Services segment and associated Global Delivery Centers, to PricewaterhouseCoopers (PwC) has been approved by the Court overseeing its previously announced restructuring. Under the terms of its winning bid at an auction concluded earlier today, PwC will acquire the majority of BearingPoint’s Commercial Services unit for $44 million, subject to contractual adjustments.

BearingPoint Completes Implementation of an SAP® CRM-based Returns Management Authorization Solution for Crestron Electronics

14 Apr 2009 14:30:02 GMT

McLean, Va., April 14, 2009 – BearingPoint, Inc. (OTCBB: BGPTQ), one of the world’s largest management and technology consulting firms, today announced the successful implementation of a new Returns Management Authorization (RMA) solution, based on the SAP® Customer Relationship Management (SAP CRM) application for Crestron Electronics, the world’s leading electronic manufacturer of advanced control and automation systems.

Bearingpoint Signs Definitive Agreement with PriceWaterhouseCoopers Japan For Sale of Japan Practice

6 Apr 2009 23:21:16 GMT

McLean, Va., April 6, 2009 - BearingPoint, Inc. today announced that it has entered into a share sale agreement with PwC Advisory Co., Ltd. (PwC Japan), a PricewaterhouseCoopers firm operating in Japan, for the sale of BearingPoint’s business in Japan.

BearingPoint Selected to Provide IT Services on the Multiple Award $50 Billion GSA Alliant Contract

30 Mar 2009 14:04:33 GMT

McLean, Va., March 30, 2009 -- BearingPoint, Inc., one of the world's largest management and technology consulting companies, announced that the General Services Administration has awarded the company an Alliant contract to provide information technology solutions to federal agencies; BearingPoint was one of 59 firms to receive an award. Alliant, a 10-year multiple award indefinite-delivery indefinite-quantity contract with a $50 billion ceiling, is the largest government-wide acquisition contract (GWAC) ever issued and will provide federal agencies with the opportunity to use competitive sourcing for regional and global IT services to improve efficiencies and maximize cost savings. The award features a five-year base and one five-year option, and replaces two older GSA GWACs (Answer and Millennia).

BearingPoint Awarded Department of Defense Supplier Relationship Management Contract Valued Up to $3.7 Million

19 Mar 2009 20:07:00 GMT

McLean, Va., March 19, 2009 – BearingPoint, Inc. (OTCBB: BGPTQ), one of the world’s largest management and technology consulting firms, today announced that it has been awarded a contract for Supplier Relationship Management (SRM) functions by the Defense Logistics Agency (DLA). The first-year value of the award is $1.2 million, with a total potential value of $3.7 million over three years.

BearingPoint Awarded Department of Defense Logistics, Maintenance and Supply Support Contract Valued Up to $21.5 Million

11 Mar 2009 19:51:00 GMT

McLean, Va., March 11, 2009 – BearingPoint, Inc. (OTCBB: BGPTQ), one of the world’s largest management and technology consulting firms, today announced that it has been awarded a contract for Logistics, Maintenance, and Supply Support (LMSS) functions and associated technologies by the U.S. Army’s Product Director, Acquisition, Logistics and Technology Enterprise Systems and Services (PD ALTESS) organization. The first-year value of the award is $10 million, with a total potential value of $21.5 million over two years.

BearingPoint Completes Freight Optimization Project for OXEA Corporation

10 Mar 2009 20:38:54 GMT

McLean, Va., March 10, 2009 – BearingPoint, Inc. (OTCBB: BGPTQ), one of the world’s largest management and technology consulting firms, announced that it has completed a Freight Optimization Initiative for the global chemicals manufacturer OXEA.

BearingPoint, in Cooperation with SAP, Deploys First Phase of a New Tax and Revenue Management System for Costa Rican Government

25 Feb 2009 14:13:54 GMT

McLean, Va., February 25, 2009 – BearingPoint, Inc. (OTCBB: BGPTQ), one of the world’s largest management and technology consulting firms, today announced it has deployed the first phase of a new tax and revenue management system for the Costa Rican government in cooperation with SAP AG and the support of the Costa Rican Ministry of Finance.

BearingPoint Reaches Accord with Secured Creditors

18 Feb 2009 15:37:54 GMT

McLean, Va., Feb. 18, 2009 – BearingPoint, Inc. announced today that it has achieved a financial restructuring agreement with its senior secured lenders that will significantly reduce its debt and improve its capital structure. To facilitate this process, the Company filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of New York (the “Court”). The Company’s operations based outside the United States are not included in the filing and will not be affected.

BearingPoint Completes Upgrade and Conversion of ERP System for Reichhold

18 Dec 2008 19:00:00 GMT

McLean, Va., December 18, 2008 – BearingPoint, Inc. (OTCBB: BGPT), one of the world’s largest management and technology consulting firms, today announced that it has completed an upgrade of the Enterprise Resource Planning (ERP) system for Reichhold, the world’s largest supplier of unsaturated polyester resins.

BearingPoint Currently Trading on the NYSE Arca Exchange

21 Jun 2008 04:12:18 GMT

McLean, Va., June 20, 2008 – BearingPoint, Inc. (NYSE: BE), one of the world’s largest management and technology consulting firms, confirmed today that on June 18, 2008 its common stock began actively trading on NYSE Arca, a national securities exchange. The Company’s ticker symbol (BE) has not changed and the Company remains listed on the NYSE. Pursuant to the rules of the NYSE, trading in the Company’s stock was transitioned from the NYSE’s floor trading system to the NYSE Arca, the NYSE’s electronic trading platform, when the Company’s stock began trading below $1.05 per share.

BearingPoint Ranks 11th in 2008 InformationWeek China Top 100

16 Dec 2008 16:08:00 GMT

Shanghai, China (Dec. 16, 2008) – BearingPoint, Inc. (OTCBB: BGPT), one of the world’s largest management and technology consulting firms, announced today that it ranked 11th in the 2008 InformationWeek China Top 100.

BearingPoint, in Cooperation with SAP Japan, Implements Secure Global Trade System for Sysmex Corporation

10 Dec 2008 16:08:00 GMT

McLean, Va., Dec. 10, 2008 – BearingPoint, Inc. (OTCBB: BRGP), one of the world’s largest management and technology consulting firms, in cooperation with SAP Japan Co., Ltd., announced that it has completed the pilot of a secure global trade system, based on the SAP® GRC Global Trade Services application, for Japan’s Sysmex Corporation, a leading manufacturer and distributor of clinical testing equipment and diagnostic products.

BearingPoint and SAP America Sign New Go-To-Market Agreement

9 Dec 2008 16:35:00 GMT

McLean, Va., Dec. 9, 2008 – BearingPoint, Inc. (OTCBB: BRGP), one of the world's largest management and technology consulting firms, today announced the signing of a new go-to-market agreement with SAP America, Inc. that will focus on helping customers better manage enterprise performance and proactively mitigate risk.

BearingPoint Holds 2008 Annual Meeting of Shareholders; Approves Reverse Stock Split

5 Dec 2008 21:14:00 GMT

McLean, Va., Dec. 5, 2008 – BearingPoint, Inc. (OTCBB: BRGP), one of the world's largest management and technology consulting firms, today held its 2008 Annual Meeting of Shareholders in McLean, Va.

BearingPoint Named to GI Jobs' 2008 Top 50 Military-Friendly Employer List

19 Nov 2008 20:10:00 GMT

McLean, Va., November 18, 2008 – BearingPoint, Inc., one of the world's largest management and technology consulting firms, today announced it has been selected for the second year in a row as one of the Top 50 Military-Friendly Employers by GI Jobs in the publication's December 2008 issue. BearingPoint, a leader in serving public sector and government clients worldwide, ranked 34th on the list.

BearingPoint Reports Third-Quarter Results

10 Nov 2008 22:10:00 GMT

MCLEAN, Va.--(BUSINESS WIRE)--Nov. 10, 2008--BearingPoint (NYSE: BE), one of the world's largest management and technology consulting firms, today announced its third-quarter financial results and operating metrics for the period ending Sept. 30, 2008.

New Survey Shows Economic Crisis Forcing Americans to Make Difficult Health Care Choices

7 Nov 2008 03:32:00 GMT

McLean, Va., November 6, 2008 - With open enrollment season in full force across the country, many Americans are evaluating health care benefits for themselves and their families. But, according to a new survey conducted by BearingPoint, Inc. (NYSE: BE) and Zogby International, a startling percentage of citizens are considering denying themselves and their children health care to save money during this unstable economic environment.

BearingPoint Announces Annual Meeting of Stockholders and Recommends Reverse Stock Split to Shareholders for Approval

29 Oct 2008 10:00:00 GMT

McLean, Va., Oct. 29, 2008 – BearingPoint, Inc. (NYSE: BE) announced today that it will hold its 2008 Annual Meeting of Stockholders at 10 a.m. on Friday, Dec. 5, 2008, at The Sheraton Premier at Tysons Corner, located at 8661 Leesburg Pike, Vienna, Va.

BearingPoint Study Shows Life Sciences Companies Struggle with Product and Process Engineering Changes

28 Oct 2008 09:00:00 GMT

McLean, Va., October 28, 2008 – Effectively managing product and process engineering change is becoming increasingly important to life sciences companies worldwide, whether the change is to a product’s packaging, ingredients or design. Yet, according to a recent study with AMR Research Inc., more than a third of companies surveyed said they still have no formal change process in place.

BearingPoint Hires Former Deputy Under Secretary of the Army, Michael A. Kirby, to Consult on Government Business Transformation

27 Oct 2008 15:07:00 GMT

McLean, Va., October 27, 2008 – BearingPoint, Inc. (NYSE: BE), one of the world’s largest management and technology consulting firms, today announced it has hired Michael A. Kirby, former Deputy Under Secretary of the Army, to bolster its public services business transformation expertise. While serving at Army Headquarters, Kirby was responsible for implementing the Army’s business transformation initiatives, using Lean Six Sigma as the core methodology.

BearingPoint Awarded U.S. Marine Corps Information Management Support Contract Valued up to $22.3 Million

21 Oct 2008 17:50:00 GMT

McLean, Va., October 21, 2008 – BearingPoint, Inc. (NYSE: BE), one of the world’s largest management and technology consulting firms, announced today that the United States Marine Corps Headquarters has awarded the Company an indefinite delivery indefinite quantity (IDIQ) contract for information management and business process improvement services. The single-award contract has a five-year ceiling of $22.3 million.

BearingPoint’s Food Safety Solution a Success at 2008 Beijing Olympic Games

20 Oct 2008 15:00:00 GMT

Beijing, China, Oct. 20, 2008 – BearingPoint, Inc. (NYSE: BE), one of the world’s largest management and technology consulting firms, announced today it helped the Beijing Food Safety Administration Office (BFA) successfully build and launch the 2008 Beijing Olympic Games Food Safety Action Program, an end-to-end tracking system for all the food that was served during the Beijing Olympic Games.