MCLEAN, Va., Feb. 22 /PRNewswire-FirstCall/ -- Less than a year after announcing plans for a new U.S.-based software development center, BearingPoint, Inc. , the leading global management and technology consulting firm, officially opened its Global Development Center (GDC) in Hattiesburg, Miss., today. Mississippi Governor Haley Barbour joined BearingPoint executives and employees, as well as Hattiesburg dignitaries in cutting the ribbon for the 30,000 square foot, state-of-the-art center that will eventually add up to 250 new high-tech jobs to the community, part of the Gulf Coast Opportunity/Reconstruction Zone.
(Photo: http://www.newscom.com/cgi-bin/prnh/20060222/DCW003 )
In 2005, BearingPoint announced it would establish the Hattiesburg Global Development Center to provide its government clients with access to highly skilled, cost-effective resources for applications development and testing, technical support and managed services in a U.S.-based environment. The Company believes that demand for cost-effective U.S.-based software development services is robust enough, however, that the Hattiesburg GDC will also serve key commercial sector clients.
"There are many clients that, for a variety of reasons, can't or don't want their software development projects to be worked on in an offshore environment," said Paul Nadeau, BearingPoint's Senior Vice President for Public Services Solutions practice. "The BearingPoint Global Development Center helps alleviate these concerns, while offering many of the same benefits an offshore model would. We like to think of it as being able to offer an 'offshoring onshore' solution. We are thrilled to have officially opened the center today with the help of Governor Barbour, and look forward to many years of growth and success in the community."
Nadeau said the local economic development climate, the proximity to the University of Southern Mississippi, and the available workforce were key factors that influenced BearingPoint's decision to locate this state-of-the- art facility in Hattiesburg.
BearingPoint will continue to recruit and train application developers, testing and technical support staff as projects ramp up at the facility. With over 40 employees to date, total staffing will be determined by future demands of the various projects, but employee numbers are anticipated to be around 250 by mid-2007. Those interested in employment at the Hattiesburg GDC can email a resume to the following address:
About BearingPoint, Inc.
BearingPoint, Inc. is the leading global management and technology consulting firm, providing strategic consulting, application services, technology solutions and managed services to Global 2000 companies and government organizations. We help customers achieve results by identifying mission critical issues and implementing innovative and customized solutions designed to generate revenue, reduce costs and access the right information at the right time. Our proprietary research institute, the BearingPoint Institute, demonstrates the firm's commitment to analyzing and responding to issues with a thoroughly researched and informed perspective. Based in McLean, Virginia, BearingPoint has been named as one of Fortune's Most Admired Companies in America for three consecutive years. 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. The forward-looking statements in this press release include, without limitation, statements about claimed defaults with respect to the Company's Series A and Series B Debentures and potential consequences. 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.
First Call Analyst:
FCMN Contact: james.hart@bearingpoint.com
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN12
PRN Photo Desk,
