Meridian Acquired by Visionary Integration Professionals (VIP)
Chantilly, VA (October 23, 2006) – Meridian Knowledge Solutions, Inc., a provider of Knowledge Management and e-Learning Solutions, announced today that it has been acquired by Visionary Integration Professionals, LLC (VIP) of Folsom, California. ??Founded in 1997, Meridian has realized industry leading growth and profitability in the highly competitive Knowledge and Learning Management System (LMS) space with revenues growing at a compound annual rate greater than 46% over the past 8 years. Meridian KSI’s flagship product, the Meridian KSI Knowledge Centre™, is a dynamic product suite that integrates learning and content management, knowledge management, and competency modeling functionality tailored to manage the human capital of an enterprise. ??”We were looking for a strong partner with deep expertise in business intelligence and analytics as well as world class enterprise integration experience,” said Paul Somerville, Meridian’s Chief Executive Officer. ??”We see a growing demand for business intelligence, data integration, and data warehousing to integrate disparate information well beyond that captured by the LMS or analytics capabilities of our competitors. This demand is driven by the desire to accomplish true performance management across the enterprise,” said Somerville, adding, “While we considered alliances as an alternative, we decided a long-term strategic partner with ‘skin in the game’ was better for our customers. VIP provides this capability, as well as strong expertise in system integration and quality assurance.” ??Jonna Ward, Chief Executive Officer of VIP, said: “VIP fully understands that the playing field of ‘information’ is where organizations will win or lose competitive advantage in years to come. We believe the combined force of our core competencies and Meridian’s proven LMS platform will close the gap between the performance data an enterprise possesses and the data it uses to manage its human capital.” ??”We believe this is the area that will differentiate the players in the LMS market and will position Meridian as the premier learning and performance management provider,” said Ward. ??”The learning management space has seen a number of recent acquisitions and mergers, almost all of which have been focused on the software capabilities with little regard for the customer,” stated Somerville. “Unlike those transactions, our decision was focused on providing a higher level of service and broader offerings to meet the expanding learning and performance management needs of our customers.” ??Meridian will operate as a wholly owned subsidiary of VIP. Paul Somerville will continue to manage Meridian within the VIP enterprise. Although terms of the deal were not disclosed, the acquisition will bring VIP’s staff base to over 500 professionals with 2007 projected results of nearly $100 Million. ???About Meridian KSI ?Headquartered in Chantilly, Virginia, Meridian Knowledge Solutions, Inc. (Meridian) is a leading provider of enterprise learning and knowledge management products and services. Meridian KSI’s flagship product, the Meridian KSI Knowledge Centre™, is a dynamic LMS suite that integrates learning content management, knowledge management, and competency modeling functionality. Meridian supports a number of large enterprise implementations including the U.S. Air Force, AstraZeneca Pharmaceuticals, the Federal Bureau of Investigation, numerous enterprise-wide state governments, and other large organizations. Meridian has successfully implemented the LMS for over 150 customer partners, several with over 100,000 registered users. Meridian is recognized as a “visionary” provider in the Gartner LMS Magic Quadrant and was named a “2005 Cool Vendor” by Gartner for its Meridian Player: a SCORM 1.2 and 2004 certified desktop application delivering learning materials to offline or disconnected personnel. For more information, visit HYPERLINK “http://www.meridianksi.com/” www.meridianksi.com or email at HYPERLINK “mailto:[email protected]i.com” [email protected]. ??About VIP ?Established in 1996, Visionary Integration Professionals (VIP) is a national information technology solution provider. VIP’s unwavering commitment to understanding client needs and goals allows us to partner with our clients to increase business performance, mitigate risk, and resolve challenges. The VIP family of solutions include business intelligence and data integration, technology integration and operations, quality management, and management consulting. For more than 10 years, VIP has been delivering solutions and quality service with 300+ clients that span federal government, state and local government, and various industries in the commercial sector across the country. VIP maintains its headquarters in Folsom, CA with seven additional offices in New York City, Alexandria, Dallas, Minneapolis, Denver, San Francisco, and Los Angeles. With nearly 400 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 HYPERLINK “http://www.vipconsulting.com/” www.vipconsulting.com or email at HYPERLINK “mailto:[email protected]” [email protected].
?Media contact: Roy Haythorn, HYPERLINK “mailto:[email protected]” [email protected], (585) 214-2450