BearingPoint wins FDIC security contract

BearingPoint Inc., a management consulting and systems integration firm, won a contract worth up to $23 million to help the Federal Deposit Insurance Corp. consolidate technology security self-assessment and monitoring activities.

Under the contract, BearingPoint will support the FDIC's Security Program, and assist with an annual information technology security self-assessment. The company will also assist with ongoing IT security monitoring activities.

The new tasks are in addition to other programs BearingPoint has been involved in since 2003, including certification and accreditation, security infrastructure review, system test and evaluation, and security control implementation.

The contract is worth $4.3 million for the first year, and $23 million in total if four annual options are exercised.

BearingPoint is ranked No. 24 on Washington Technology's 2005 Top 100 list of federal prime contractors.