VIP's Meridian Knowledge Solutions Sees Strong Q1 Results
Chantilly, VA – May 18, 2009. Meridian announced today stronger than expected Q1 results, and a Meridian sales pipeline that has nearly doubled over the past six months. These results have helped Meridian and its parent company, Visionary Integration Professionals (VIP), hit revenue of $148.7 million for 2008, an increase of 31.5% over 2007 results of $113.1 million.
“The level of interest in Meridian is remarkably high right now,” said Vince J. Juaristi, Executive Vice President for Enterprise Solutions and Human Capital Management at VIP. “We have placed such great emphasis over the years on customer satisfaction, customer service, and product quality that we are gratified to see these priorities resonating so strongly in a difficult economy.”
In Q1, Meridian significantly expanded its client base in Aerospace, Health Care, Manufacturing, and hospitality markets. It’s traditionally strong presence in the federal DoD, state and local, and association/non-profit markets also experienced substantial growth.
“Everyone around here has been quite excited by the strength of our numbers and the prospects for our future,” said Roy Haythorn, Vice President of Meridian Operations. “We are seeing strong prospects for Q2 and beyond in nearly every sector where Meridian has a foothold. We are also breaking into new industries, sectors, and territories as more clients turn to Meridian for greater customer satisfaction, a financially stable LMS partner, and product architecture that simplifies configuration and integration with complimentary tools.”
Meridian and its parent company, Visionary Integration Professionals, LLC (VIP), posted a three-year compound annual growth rate (CAGR) of 72.8% between 2008 and 2005.
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About Meridian
Meridian Knowledge Solutions, Inc. (Meridian), a wholly owned subsidiary of Visionary Integration Professionals, is a leading provider of enterprise learning and knowledge management products and services. Its flagship product, Meridian Global LMS, integrates learning content management, workforce analytics, knowledge management and competency modeling in one learning management system (LMS).
Meridian serves 4.5 million users at more than 200 public- and private-sector employers. Its software is used by companies from >100 to 900,000 employees. Clients include AutoZone, Panera Bread, Sodexho, the U.S. Air Force, the U.S. Navy, Whirlpool and more than 80 federal, state and local governments. Meridian is the number one ranked learning-technology company for customer loyalty. For more information, please visit www.meridianksi.com.
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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, SAP Consulting and Integration, Technology Integration and Operations, Learning and Talent 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.