BearingPoint Awarded GSA Alliant Contract For IT Services.

Largest Ever GWAC Will Provide Federal Agencies Access to BearingPoint's Innovative IT Management and Integration Services

MCLEAN, Va. -- BearingPoint, Inc. (NYSE:BE), one of the world's largest management and technology consulting firms, announced that the General Services Administration has awarded the firm an Alliant contract to provide information technology solutions to federal agencies. 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; GSA selected just 29 firms for award under the Alliant contract.

"GSA-Alliant presents BearingPoint with a tremendous opportunity to work hand-in-hand with the federal government, and it provides government agencies with the opportunity to work with a trusted partner," said Robin Lineberger, executive vice president for BearingPoint's Public Services practice. "We look forward to providing GSA and other federal agencies with innovative management solutions and enterprise integration services that will enable them to cut costs and streamline operations."

The scope of GSA's Alliant GWAC includes all components of an integrated IT solution, including all current and any new technologies which may emerge during the life cycle of the contract and IT systems, products and services in support of national security systems. The contract provides IT solutions through performance of a broad range of services that may include the integration of various technologies critical to the services being acquired.

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.