ACADEMIA

BearingPoint, one of the world's largest management and technology consulting firms, announced today that it has been awarded an information technology contract from the National Institutes of Health (NIH) potentially valued at $36 million over five years if all options are exercised; the first year of the contract is valued at $6.9 million. Under the new agreement, BearingPoint will support NIH's Information Enterprise Systems through the development and maintenance of its Data Warehouse and nVision projects, which will allow NIH to produce necessary business intelligence reports for its accounting and administrative business systems. BearingPoint has partnered with NIH in the design, development and deployment of multiple business intelligence solutions to meet the agency's reporting needs for key areas of the business, including: * Budget and Finance * Human Resources * Acquisition Management * Technology Transfer (tracking of NIH's inventions, patents and licenses) * Property Management * Travel Management * Staff Training and Development "BearingPoint understands how important enterprise reporting is to large organizations like NIH, which has a complex and dynamic mission," said Kelvin Womack, senior vice president of BearingPoint's Public Health and Social Services Sector. "BearingPoint understands the strategic importance of the Data Warehouse and nVision projects, and our consulting team looks forward to continuing the success of these projects." BearingPoint previously worked on an earlier phase of both NIH projects under a contract awarded in 2001.