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Foliage Achieves 20% Revenue Growth Across Industry Sectors in 2012

Feb 11 2013 12:00AM

Marketwire

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BURLINGTON, MA -- (Marketwire) -- 02/11/13 -- Foliage, a technology consulting and engineering services company, today announced revenue growth of 20% for 2012 across the medical and life sciences, industrial equipment, and aerospace and defense industries it serves. Vignani Technologies, a Foliage business unit, contributed to the strong growth, reflecting the synergies gained from the year-old acquisition and demonstrating clients' positive response to a broader portfolio of services spanning the full product lifecycle. A continued uptick in fourth quarter business activity is setting the stage for a very strong start to 2013.

Foliage surpassed its 500th client engagement in 2012, demonstrating that its unique systems thinking approach, when combined with a comprehensive suite of consulting and product development services, helps clients improve program predictability and productivity while driving overall product reliability. For over two decades, Foliage has worked with leading and emerging companies to ensure they deliver the right products with the right capabilities at the right time.

"In the latter half of 2012, we experienced a strong demand for our consulting services, especially in system design and cloud development," said Tim Bowe, CEO of Foliage. "Cloud and mobile technologies are truly disruptive and are now enabling new revenue models for next generation devices and systems for our clients.

"Additionally, we're seeing a shift in our client demographics with more business coming from emerging companies as they rush to bring these new concepts to market. They certainly seem to be experiencing a greater sense of urgency when compared to larger, more established companies as so much is riding on the launch of their first products. For an emerging company, hitting the market window can be the difference between success and closing up shop."

During the past year, Foliage also experienced double-digit growth in its global workforce. Recruiting efforts will continue in 2013 with specific attention early in the year on expanding West Coast operations.

About Foliage
Foliage, Inc., a product development company, partners with companies to address the business and technical challenges inherent in developing complex software-intensive systems. By providing a full complement of engineering and consulting services aligned to business needs and applied over the entire product lifecycle, Foliage enables companies to accelerate development and drive more predictability and productivity into their businesses. Foliage leverages over 20 years of experience partnering with leading companies in the medical and life sciences, aerospace and defense, and industrial equipment industries. Working with Foliage, companies gain the critical insights necessary to develop products with a difference, and to deliver the products their customers want, when they want them.

Foliage is based in Burlington, Massachusetts with additional offices in California, the Netherlands and India. For more information, visit: www.foliage.com.



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Source: Marketwire