Bearingpoint wins $23 million contract with Federal Deposit Insurance Corporation (FDIC).

BearingPoint, Inc.(NYSE: BE), one of the world's largest management consulting and systems integration firms, today announced it has won a contract valued at up to $23million to help the Federal Deposit Insurance Corporation (FDIC) consolidate technology security self assessment and monitoring activities. This contract is valued at $4.25 million for the first year, and $23 million in total if four annual options are exercised.

Under the contract, BearingPoint will be responsible for supporting the FDIC's Security Program, and will serve as a focal point for an annual i