BearingPoint Wins Oracle(R) North America Titan Partner Solution of the Year Award 2006

MCLEAN, Va., Oct. 23 /PRNewswire-FirstCall/ -- BearingPoint, Inc. , one of the world's largest management and technology consulting firms, today announced it received the Oracle(R) North America Titan Partner Award 2006 in the category of Business Intelligence Solution for solutions BearingPoint has provided to clients over the last year.

The Oracle North America Oracle Titan Awards are awarded to a partner recognized as the leader in providing Oracle-based solutions and business practices developed or delivered during Oracle fiscal 2006. These awards recognize partner excellence in a number of categories, including sales, marketing and solution development.

"We're very pleased to be honored for our work on innovative Business Intelligence Solutions leveraging Oracle applications and technologies as proven by our deep industry expertise to provide successful business intelligence projects," said Robert Hershey, senior vice president and managing director, BearingPoint Global Oracle Solutions Practice. "We've strategically aligned our resources with the Oracle Sales, Strategy and Development teams to optimize our ability to collaborate in the development and delivery of innovative business transformation solutions. Our cross-competency teams have been working with Oracle extensively, giving us more experience on Oracle technologies, and helping our clients greatly reduce their risk. We're in step with Oracle's development processes and are a significant contributor to the development and roll-out of upgrades and Oracle's Fusion Application strategy and business intelligence solutions leveraging Oracle SOA."

BearingPoint's Corporate Performance Management and Business Intelligence solution focuses on creating virtually seamless links from the dashboard to analytical tools; using intuitive role-based reporting, causal analysis and exception alerts; as well as generating standard static reports, real-time updates and links to email and other communications. As a result, an entire organization -- from its chief executive officer on down -- has a single point of access to an integrated dashboard of financial, operational and competitive performance metrics for its business. The solution also provides virtually seamless access to a range of management tools -- all based on a consistent set of fully integrated enterprise performance data from all key transaction systems. With this capability, managers can readily measure and manage the key performance drivers needed to make coordinated decisions, support enterprise strategy and generate valuable operational efficiencies across the company.

"BearingPoint has been a solid partner, working closely with Oracle and our customers to improve access to data, develop insights from that data and to leverage results to create, sustain and build value -- they impress us time and again with intelligent, innovative and out-of-the-box solutions," said Rauline Ochs, group vice president of North America Channels at Oracle.

To deliver an integrated BI solution, BearingPoint took the lead in consolidating its Oracle, Peoplesoft and Siebel practices to create cross-competency teams to leverage deep industry expertise and further align itself with Oracle's next generation solution set. The company has also worked with multiple clients to leverage required investments in compliance solutions to create competitive advantage. As a result, BearingPoint can deliver a highly customized solution, designed to meet varying business intelligence requirements. For example, Basel II compliance is particularly critical for today's large investment banks in the financial services sector. BearingPoint combines its deep industry, business process, technology and implementation expertise to deliver an integrated solution designed specifically to meet the challenging requirements of this mandate, while delivering business value on an accelerated timeline.

About Oracle PartnerNetwork

Oracle PartnerNetwork is a global business network of 17,700 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Oracle Certified Partner levels. Partners who are able to demonstrate the highest level of product knowledge, technical expertise and a commitment to business with Oracle qualify for the Oracle Certified Advantage Partner level. http://oraclepartnernetwork.oracle.com/

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 60 countries worldwide. Based in McLean, Va., the firm has over 17,000 employees and major practice areas focusing on the Public Services, Financial Services and Commercial Services markets. For nearly 100 years, 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. For more information, visit the Company's website at http://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.

Trademarks: Oracle, PeopleSoft, JD Edwards, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.