Wide net: A Folsom tech-consulting firm is about to take a big step toward becoming a $100 million enterprise.

By Bob Shallit -- Bee Columnist

Published 2:15 am PDT Wednesday, April 26, 2006

Visionary Integration Professionals is expected Friday to announce its fourth acquisition in nearly a decade of operations. (The last one, six months ago, pushed annual sales to about $48 million.)

Details of the new acquisition aren't being disclosed yet. But we can report that VIP was very methodical in its search for a new firm to swallow.

In January, it hired a Southern California investment banking company, which identified 166 potential candidates.

Those firms were contacted and 74 responded positively. Due diligence resulted in the deal to be announced this week. Are any of the remaining 73 likely to be purchased?

Very possibly, says spokeswoman Nicole Malamatenios.

###

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.