VIP Ranked on Inc. Magazines 5000 Fastest Growing Companies List
Folsom, CA –August 24, 2009 –Visionary Integration Professionals, LLC (VIP), a global technology and outsourcing firm, is pleased to be ranked No. 666 on Inc Magazine’s list of 5000 Fastest Growing Private Companies in America. This year’s ranking reflects VIP’s 2008 annual revenue of $148.7 million, which represents spectacular growth of 764.5% since 2004 when the company’s annual revenue was $17.2 million. This is the third year in a row VIP has made it on to the Inc Magazines Fastest Growing Private Companies list.
VIP founder and Chief Executive Officer Jonna Ward said, “We are extremely happy to be named one of the fastest growing companies in the country again this year. At VIP, we are focused on growth—recession or no recession. VIP grew by 416% from 2004 to 2008. The increase in revenue was driven by a dual-track strategy that included strong organic growth layered with acquisitions. Our aggressive growth-focused initiatives are balanced by our consistent strategy to carefully contain costs and to maintain a diversified business structure.”
VIP diversified its revenue portfolio several years ago by focusing on both government and commercial contracts throughout the United States, along six practice areas. The diversification was done so as to help inoculate the organization from potential economic downturns. This foresight has been tested, especially this year, and it has so far paid off tremendously.
This year’s Inc. 5000 is ranked according to percentage of revenue growth from 2004 through 2008. To qualify, companies had to have been founded and generating revenue by the first week of 2004, be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2007.
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Established in 1996, Visionary Integration Professionals (VIP) is a global technology and outsourcing firm that has provided solutions for over 900 clients in multiple industries as well as federal, state and local government. VIP helps companies achieve measurable results through initiatives that increase productivity, maximize revenue, improve performance, mitigate risk, and reduce costs. With nearly 1,000 staff, VIP offers expertise in Business Intelligence, SAP Consulting and Integration, Quality Management, Technology Integration, Learning and Talent Management, and Management Consulting. VIP’s corporate headquarters is located in Folsom, California with offices in Los Angeles, Minneapolis, Denver, New York City, DC Metro, Houston, and Bangalore, India.