Charlotte, NC; April 28, 2006 - DecisionPoint International (“DecisionPoint”), a boutique investment bank providing merger and acquisition services to middle-market services and technology clients, announced today that its client, Visionary Integration Professionals (“VIP”), a national management consulting, technology services, and outsourcing company, has acquired Core Integration Partners Inc., a full service consulting firm specializing in Business Intelligence including data warehousing, information integration, ETL and reporting tools.
VIP, headquartered in Folsom, CA, is a local success story in its 10th year of business since its founding in 1996. VIP was among the Top 100 Fastest Growing Companies in the U.S. as published by INC Magazine, and was named the Best Place to Work in Sacramento. Core Integration Partners, headquartered in Denver, Colorado, is a complete provider of data integration services and training and will bring VIP expanded capabilities, strengthened partner relationships with BI/DW product vendors, and stronger presence in the Bay Area, Colorado, and Dallas.
Jonna Ward, Chief Executive Officer and majority owner of VIP expressed her enthusiasm, “This acquisition will bring VIP expanded capabilities in the highly demanded market space focused in BI, data warehousing, analytics, and data integration. In today’s age, when the gulf between the data an enterprise possesses and uses is the greatest, timing couldn’t be better for VIP to strike this deal.”
Although terms of the deal were not disclosed, with Core’s current revenue of $12M and staff totaling 50+, this acquisition will bring VIP’s 2006 projected results to nearly $60M and a staff base of 300.
“While VIP’s strong management and core competencies were important to us, in the end, it was VIP’s open, collaborative style and our shared commitment to our clients and staff that brought us together and made this marriage of two organizations possible,” said Ana Quintana, Co-Founder and President of Core.
Visionary Integration Professionals (VIP) is a local success story in its 10th year of business since its founding in 1996. VIP is a national consulting, technology services, and outsourcing company that offers services and solutions that span four service lines: technology integration and operations, quality management, management consulting, and converged networks and telecommunications. VIP maintains its headquarters in Folsom, CA with six additional offices in New York City, Alexandria, Denver, Minneapolis, Dallas, and Southern California. With 250 staff, VIP was among the Top 100 Fastest Growing Companies in the U.S. as published by INC Magazine, and was named the Best Place to Work in Sacramento. For more information, visit www.vipincorp.com.
About Core Integration Partners
Core Integration Partners is an end-to-end solution provider offering a wide range of consulting capabilities focused on solving data problems and offering insight into information that is required to make sound business decisions. Core’s customer base consists of various Fortune 500 companies within industries including financial services, insurance, pharmaceuticals, and telecommunications spanning Denver, Dallas, the California Bay Area, Atlanta, and Boston. For more information, visit www.coreintegration.com.
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Doug Ellis, Managing Partner; (704) 916-9070; DEllis@DecisionPointINT.com.