VIP Acquires Cornerstone Consulting
SACRAMENTO, CA – September 30, 2005 – Visionary Integration Professionals, LLC (VIP) of Folsom, CA, today announced it has acquired Minneapolis-based, privately held Cornerstone Consulting, Inc. owned by David Rowe, Dean Nelson, and Clint Sawinski.
With 2004 revenue of $17M and staff totaling 125, this acquisition, coupled with strong organic growth, will have VIP nearly tripling in size when looking at 2006 projected results of $45M and a staff base of 250.
“This acquisition is a huge step forward for VIP to strengthen the depth of its technology core competencies and to provide a greater array of services to meet the needs of its existing and newly acquired clients,” said Jonna Ward, Founder and President of VIP.
“The joining of these two fabulous companies truly allows us an opportunity to generate new value that surpasses the mere sum of what each of us brings to the table. We already see so many ways where one plus one equals something much greater than two,” said Ward.
Cornerstone is a leading provider of business-driven technology solutions with a particular emphasis in helping top executives leverage and manipulate data to increase revenues, decrease costs, enhance customer service, and ultimately gain competitive advantage. In addition, Cornerstone specializes in providing out-sourced testing and quality assurance solutions to produce high quality software products for its clients. Cornerstone's customer base spans many industries and includes a variety of well-known names such as Blue Cross/Blue Shield, Cargill, Carlson Travel, Ceridian, Fingerhut, and Target, just to name a few.
“While VIP's core competencies, client base, and strong management were all important to us, it was our shared philosophy to hold steadfast and true to our clients and to our staff that brought us together and made this joining of forces with VIP possible,” said David Rowe, Founder and President of Cornerstone.
“I am excited to integrate our two organizations and to offer our clients new competencies and capabilities. We expect our clients, our staff, and VIP as a whole will get tremendous value from the expansion,” said Patty Nelson, Vice President of Corporate Business Development for VIP.
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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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