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Core Integration Being Acquired by VIP of California

  • May 16 2006, 1:00am EDT

Core Integration Partners, Inc., a leading provider of services and training in the business intelligence and data integration market segment, announced that it has been acquired by Visionary Integration Professionals, LLC, (VIP) of Folsom, California.

This acquisition comes after VIP hired DecisionPoint International, a boutique investment bank, to conduct diligent research and screening discussions of 168 companies. Although terms of the deal were not disclosed, with Core's current revenue of $12 million and a staff of more than 50 employees, the acquisition will bring VIP's 2006 projected results to nearly $60 million and a staff base of 300.

Founded in 1999 by Ana Quintana and Julie Burroughs, Core Integration 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.

"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 Quintana,pPresident of Core.

As leaders within the business intelligence and data warehouse (BI/DW) market segment, Core believes enablement is the key to long-term success. As such, Core offers a full curriculum as part of Core College that focuses on helping its customers to become proficient and self-sufficient. Core's customer base consists of Fortune 500 companies within a variety of industries including financial services, insurance, pharmaceuticals, and telecommunications spanning Denver, Dallas, the California Bay Area, Atlanta and Boston.

Jonna Ward, chief executive officer and majority owner of VIP, said: "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."

Building upon VIP's acquisition of Cornerstone Consulting in the latter part of 2005, Core will bring VIP expanded capabilities, strengthened partner relationships with BI/DW product vendors, and stronger presence in the Bay Area, Colorado, and Dallas. "VIP fully understands that the playing field of 'information' is where organizations will win or lose competitive advantage in years to come," said Ward.

"We are strongly committed to our new customers and staff and are very excited about advancing our newly acquired capabilities. We are thrilled to welcome Core Integration to the VIP family," said Dave Rowe, former owner of Cornerstone and now leading the integration effort of Core for VIP.

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