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Minneapolis Buy for Folsom Firm

Sacramento, CA - October 14, 2005 - As published in the Sacramento Bee today, Folsom-based Visionary Integration Professionals, LLC, a technology consulting company, has purchased Minneapolis-based Cornerstone Consulting Inc., the companies announced Thursday.

Terms of the deal were not disclosed. Cornerstone, also a technology consulting firm, has 98 employees and 2004 revenue of $15 million.

The combined companies expect to have $45 million in revenue and a staff of 250 in 2006. The purchase is the second for VIP in recent months.

In August, the company bought Orangevale-based Pinnacle Bay Resources Group Inc., a telecommunications consulting firm, for an undisclosed price.

VIP now has offices in Folsom; New York City; Alexandria, VA.; Denver; Minneapolis; Dallas; and Fountain Valley in Orange County.

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About VIP

Established in 1996, Visionary Integration Professionals (VIP) is a global technology and outsourcing firm that has provided solutions to over 900 clients in multiple industries as well as federal, state and local government. VIP helps companies challenge boundaries and uncover new possibilities to increase productivity, maximize revenue, improve performance, mitigate risk, and reduce costs. With nearly 1,000 staff companywide, VIP offers expertise in areas of Business Intelligence and Data Warehousing, SAP Integration and Consulting, Technology Integration and Operations, Talent and Learning Management, Quality Management, and Management Consulting. VIP’s corporate headquarters is located in Folsom, California with offices in Sacramento, Minneapolis, Dallas, Denver, New York City, Alexandria, Houston, and Bangalore, India. More information can be found at www.vipconsulting.com.

 
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