BearingPoint Awarded $50 Million Contract for New Missouri Motor Vehicle Technology Project.

MCLEAN, Va. -- BearingPoint, Inc. (NYSE:BE), one of the world's largest management and technology consulting firms, announced today that it has been awarded a contract worth up to $50 million (including a five-year base contract valued at $36.8 million, plus five option years) from the Missouri Department of Revenue (DOR) to design, implement and maintain a new motor vehicle technology solution for the State. The DOR administers the titling and registering of all vehicles and administration of the driver's license program in the State of Missouri.

Under the new contract, BearingPoint will design and implement a complete motor vehicle technology solution that will automate and increase the efficiency of managing all motor vehicle related services provided to Missouri residents, including automobile registration and titling, dealer licensing and driver credentialing.

DOR currently uses more than 20 software systems to support a wide array of motor vehicle services. Like in many other states, these disparate systems rely on older technologies that can be very inefficient compared to more modern information technology systems. These older systems can lead to manual and redundant processes, customer service delays, increased staffing requirements, greater vulnerability to fraud and theft, and a general lack of ability to produce timely and complete data for the department.

BearingPoint will work with DOR to put in place a fully integrated customer-centric system that will replace the multiple outdated systems with one integrated solution to increase data security and reduce repetitive tasks. This legacy-system replacement project will incorporate service enhancements including customer management, cash and finance management, vehicle titling/registration/inventory, dealer management, driver services and work management. The upgrade is anticipated to decrease customer wait times and allow staff to better serve Missouri residents.

"Departments of Motor Vehicles are some of the most complex and highly visible agencies in state government, and they interact with a large number of residents on a regular basis," said Gary Miglicco, vice president of BearingPoint's National Motor Vehicle practice. "BearingPoint is pleased to work with the State of Missouri on this project. We have an excellent team of professionals with DMV experience that will work closely with the State to help ensure this new system meets all of its current requirements, and is robust enough to meet future needs as well."

BearingPoint's National DMV Practice is one of the leaders in providing management and technology consulting services to motor vehicle regulators, and has significant experience in the development and operation of DMV systems. The firm has worked on projects with Departments of Motor Vehicles in California, New Hampshire, Montana and Texas.

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.

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