BearingPoint Establishes Center of Excellence for Oracle Lease Management
27/04/2007
Bangalore-based group developing first-to-market solution for emerging industry

McLean, Va., April 19, 2007 – BearingPoint, Inc. (NYSE: BE), one of the world’s largest management and technology consulting firms, has established an Oracle® Lease Management center of excellence facility within its Bangalore, India, global development center to develop innovative solutions and maintain client’s leasing applications. The center has a staff of 100, and BearingPoint will leverage its established account-based sales force and dedicated Lending and Leasing Industry practice to market solutions developed by the center.

"Lease management is a new and emerging market for enterprise resource planning," said Robert Hershey, senior vice president and managing director, BearingPoint Global Enterprise Solutions Practice. "Creating a dedicated center of excellence aligns with BearingPoint’s strategy to develop customized vertical solutions for key industries."

Designed for asset-based finance companies, Oracle Lease Management is a comprehensive application that runs within the Oracle® E-Business Suite. It is designed to help increase operational excellence and discipline, capture new markets and optimize business relationships. Oracle Lease Management provides end-to-end automation, from sales and contract origination through remarketing and asset disposition.

"BearingPoint has always supported our vertical strategy and quickly aligned its practice to capitalize on emerging opportunities," said Joe Franco, senior director with Oracle’s leasing industry business unit. "Establishing a center of excellence focused on the lease-management market will enable BearingPoint to combine its significant Oracle technology expertise with industry expertise, business process and change management to help its clients deliver solid business results."

"BearingPoint’s Oracle Leasing Center of Excellence in India is a differentiated capability that has contributed to the success of our continued efforts to re-platform our business technologically and operationally," said Rita DiMartino, senior executive and global program sponsor at De Lage Landen, a leading global equipment leasing company.

BearingPoint’s offshore solutions utilize the strength of the company’s Global Development Centers in China and India and offshore partners to deliver quality results at competitive rates The BearingPoint® AnyShore methodology combines global capabilities and industry experience to facilitate efficient transfer of certain types of work to an offshore development location or facilitate a temporary transition global resources to the client site for project work. One of the key components is the ability to provide offshore technical services, helping the client leverage significant cost savings.

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 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 www.BearingPoint.com.