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Foliage Announces Acquisition of Vignani TechnologiesCombined Company to Provide Expanded Offerings That Redefine How Clients Develop Complex Systems (December 14, 2011)
BURLINGTON, MA -- (Marketwire) -- 12/14/11 -- Foliage, a technology consulting and engineering services company, today announced that it has signed a definitive agreement to acquire Vignani Technologies, a privately held, engineering design services company with offices in California, the Netherlands and India.
Combining the experience, complementary skill sets and market reach of both companies allows Foliage to add new capabilities to fulfill the growing demands and requirements of clients in the medical and life sciences, aerospace, defense and security, and industrial equipment markets. The acquisition will grow Foliage's electrical and mechanical capabilities, and benefit clients by expanding Foliage's ability to support the entire product development cycle for software-intensive complex systems.
"This acquisition enables Foliage to play a more strategic role as a development partner while providing scale and breadth of services, and an expanded geographic reach for our global clients," said Tim Bowe, CEO of Foliage. "Building on a long-standing relationship, this acquisition creates a partnership that will benefit our combined clients while developing new opportunities for growth."
"Our team is extremely proud of our accomplishments, and believe that joining forces with Foliage will make us stronger, more agile and better positioned to provide a wider range of services to ensure successful product development programs for our combined clients," said Kumar Ramachandran, CEO of Vignani.
The acquisition is expected to be completed in early 2012. For the remainder of 2011, Foliage expects continued strong growth across the markets it serves. And in 2012, the company plans to continue to hire new talent, and expand office space in the Burlington, Massachusetts, Fremont, California and Bangalore, India areas.
Foliage, Inc., a privately held company based in Burlington, Massachusetts was founded in 1991 to address the challenges faced by companies developing software-intensive complex systems. The company provides clients with critical insight into their product development processes to help them develop and deliver the products their customers want, when they want them. With a full complement of services aligned to business needs and applied over the entire life cycle, Foliage ensures successful product development programs for companies, ranging from startups to multi-national Fortune 500 corporations in the medical and life-sciences, aerospace, and manufacturing equipment industries. For more information, visit www.foliage.com
Vignani, a privately held company with offices in California, the Netherlands and India was founded in 2005. The company is focused on providing engineering design services to the semiconductor capital equipment, electronic instrumentation, automation and medical device industries. Vignani delivers end-to-end engineering design services in Mechanical, Electrical-Electronics and Software engineering. They help clients stay competitive; improve their productivity and profit-margins by offering complete system design, value engineering and engineering documentation services.
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