BearingPoint and SAP America Sign New Go-to-Market AgreementLast update: 12/9/2008 10:30:00 AMCompanies to Help Clients Better Manage Enterprise Performance and Proactively Mitigate Risk MCLEAN, Va., Dec 09, 2008 (BUSINESS WIRE) -- BearingPoint, Inc. (BRGP), one of the world's largest management and technology consulting firms, today announced the signing of a new go-to-market agreement with SAP America, Inc. that will focus on helping customers better manage enterprise performance and proactively mitigate risk. Under the new agreement, the two companies have established a go-to-market program that combines BearingPoint's experience in helping clients across all industries address their most pressing business and technology challenges with SAP's worldwide leadership in business software. In addition, BearingPoint, an SAP services partner, will offer services in support of "Office of the CFO" in North America. Through this agreement, the companies will focus on helping chief financial officers (CFOs) optimize the information value chain with stronger, integrated performance and risk management measures using SAP(R) solutions for enterprise performance management and SAP solutions for governance, risk, and compliance (SAP solutions for GRC). Additionally, the companies will help chief information officers (CIOs) to implement SAP solutions for enterprise performance management and SAP solutions for GRC on top of a foundation of comprehensive, accurate enterprise data using the SAP NetWeaver(R) Master Data Management (SAP NetWeaver MDM) component of the SAP NetWeaver technology platform. "This announcement underscores BearingPoint's commitment to help businesses harness the power of technology to drive performance and deliver meaningful, measurable results," said Brian Snarzyk, executive vice president of Global Solutions for BearingPoint. "We're in tune with the 'stay awake' issues of executives and decision makers. Through this initiative, we'll be offering horizontal and vertical tailored, scalable SAP solutions and approaches to address tough business challenges." BearingPoint will augment its sales efforts for SAP applications with industry-specific marketing, targeted at the U.S. utilities, oil and gas, life sciences, retail, communications and media industries. "BearingPoint and SAP share a long history of partnering together to support our customers' success," said Stephen Spears, senior vice president, Office of the CEO, SAP Americas. "This agreement formalizes a focused effort to leverage BearingPoint's thought leadership and experience in areas of risk and information management and SAP's broad portfolio of unified performance optimization and risk applications. Together SAP and BearingPoint will help customers consolidate data to expose, manage and respond to an increasingly wide range of potential risks facing companies today." About BearingPoint, Inc. BearingPoint, Inc. (BRGP) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial 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 . SAP, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies. BearingPoint Forward-looking Statement 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. SAP Forward-looking Statement Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. SOURCE: BearingPoint, Inc.
