BearingPoint Named Top 10 IT Consulting Firms of the Year in China
24/01/2008
China CEO, Ron Machan, named one of the top 10 people of the year in the IT industry

Shanghai, China (Jan. 22, 2008) ? BearingPoint, Inc. (NYSE: BE), one of the world's largest management and technology consulting firms, announced today that BearingPoint China has been recognized by the ERP world.net and China Software Industry Association (CSIA) as one of the "Top 10 IT Consulting Firms" and Ron Machan, CEO and chairman of BearingPoint China, is named as one of the "Top 10 People of The Year in the IT Industry" in China.

The awards were selected through an open judging process that included client referrals, expert evaluation, and online voting. Ron Machan was presented with the two awards at the Annual Conference of IT Applications in Beijing, China.

"It is my great honor to be recognized as one of the Top 10 people in the industry and receive the Top 10 IT Consulting Firms award on behalf of BearingPoint," said Machan. "I've been with the company for more than 15 years and came to this market three years ago to lead the business. I'm excited to be here to experience the extraordinary changes in this wonderful market. Our vision is to be the most respected consulting firm in China with sustainable and profitable growth. We will continue to invest in our solutions and our people to provide high-quality professional services to our clients."

Ron Machan joined BearingPoint China in May 2005. Since he took the CEO position, he successfully led a series of process improvements and transformations.

BearingPoint China won the "Top 10 IT Consulting Firms" not only due to its remarkable achievements and a number of successful projects in China, but its outstanding performance in the risk management and outsourcing areas. In Oct. 2007, BearingPoint launched its first global and cross-industry portfolio of solutions ? the BearingPoint Risk, Compliance and Security (RCS) Solution Suite, which offers a comprehensive set of services aimed at designing, building and integrating risk, compliance and security directly into business processes and systems. In July, BearingPoint's achievements in outsourcing were recognized by Ministry of Commerce (MOC) with "The 3rd China Software and Information Service Outsourcing Special Contribution" award.

BearingPoint entered into the China market in late 2001, and is headquartered in Shanghai, with a branch in Beijing. It has more than 1,000 employees providing professional services leveraging seven in-depth solution areas targeted at three key industries, as well as a cutting-edge global development center (GDC).

About the organizers ERP world.net is a professional website serving as a platform for IT applications business. China Software Industry Association (CSIA) is a non-governmental organization representing software industry business throughout China.

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.