SOURCE: Foliage


January 26, 2010 10:11 ET

Foliage Reports Growth in Volatile Economy; Secures New Business Across Industry Specialties and Expands Existing Business Within Client Base for 2009

Industry Specialization Leads to New Opportunities With 80% of Foliage Aerospace and Medical Device Clients Expanding Business

BURLINGTON, MA--(Marketwire - January 26, 2010) - Foliage, a technology consulting and product development company, today released corporate growth statistics for 2009. Foliage reported a significant increase in its work with existing clients along with the addition of new clients. This expansion drove a 12% increase in staff.

In 2009, Foliage continued to forge new partnerships with leading organizations in the medical device and aerospace industries. Despite the downturn in the high-tech industry, Foliage reported expanded business in 2009 in the industrial equipment segment that includes solar, test and measurement and semiconductor clients.

"By focusing on services our clients need most such as achieving R&D efficiency and product process improvement, Foliage has grown in an uncertain economic business climate," said Tim Bowe, co-CEO of Foliage. "Our clients are challenged with getting products to market faster and in a down economy it is critical to have the right processes in place to ensure that the business driver, technology, and R&D are aligned. Foliage provides the industry expertise, technology consulting and product services to take our clients to the next level."

In 2009 Foliage signed on a number of new clients across industry specialties resulting in 10% new business growth in the aerospace industry; 20% in medical devices; and 50% in industrial equipment markets.

Foliage increased its staff of engineers and technology consultants by 12% as a result of expanded business. Moving forward, the company plans to continue hiring at an aggressive rate for the foreseeable future based on business needs.

About Foliage:

Foliage, the driving force behind many of today's life- and mission-critical products, has provided real business value to our clients through our integrated product strategy and software development services. With a wealth of product development experience earned by successfully delivering over 300 products to market, exceptional senior talent, and teams with a dedicated focus on the industries we serve, Foliage delivers outstanding quality and cost effective predictability to our clients and partners. Foliage enables its clients in the aerospace, financial, industrial equipment, medical, and semiconductor industries to improve their time to market through experience and cutting edge technology. A privately held company, Foliage was founded in 1991 and is headquartered in Burlington, Massachusetts.

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