SOURCE: Foliage

Foliage

February 01, 2011 09:00 ET

Foliage Celebrates 20 Years in Business in 2011

2010 Revenue Growth Represents a 50% Year Over Year Increase

BURLINGTON, MA--(Marketwire - February 1, 2011) - Foliage, a technology consulting and product development company, celebrates 20 years in business in 2011 in the midst of a significant growth trend. In 2010, the company increased its revenues by 50% over 2009 with 80% of the business coming from repeat clients. With expertise in the aerospace, industrial equipment, medical device and life sciences, semiconductor and solar industries, Foliage has collaborated in the successful delivery of 300+ complex, mission- and life-critical products since its inception.

The medical device industry was the largest and experienced significant growth for Foliage in 2010 with a 45% increase in revenues. In the aerospace industry, Foliage experienced a solid recovery from the economic downturn of the past few years accounting for 15% of Foliage revenues in 2010. The semiconductor and solar industries are also recovering and represent significant opportunities for Foliage going forward. These gains reflect some recovery in the overall economy and also Foliage's focus on client satisfaction creating repeat business.

"We have developed a deep understanding of our clients' needs over the past 20 years and have adapted and enhanced our services to reflect the changing landscape," said Tim Bowe, CEO of Foliage. "Our recent diversification from primarily software into electromechanical engineering and fortification of services in systems engineering, an area in which many clients' and prospects' needs were exceptionally high, also helped spearhead additional growth in 2010. Over 50% of our engagements in 2010 included systems engineering."

"Throughout the years, Foliage has always concentrated on client service. They solve client problems by focusing on their industry-specific issues, and delivering the right mix of product development expertise to bring products to market," said Tom Rohrs, former CEO at Electroglas. "Foliage begins each engagement by asking what business problems need to be solved and how these relate to technology or product development. Foliage's close relationship with our senior-level executives and engineers at Electroglas enabled them to thoroughly understand our challenges related to product development, R&D efficiency and time to market."

In 2011, Foliage expects continued strong growth across the industries it serves. The company plans to continue to hire new talent, and expand office space in the Burlington, Massachusetts area.

About Foliage:
Foliage is a leading provider of custom product development and product strategy consulting to the Aerospace, Medical Devices and Life Sciences, Industrial Equipment, and Semiconductor / Solar industries. With experience earned by successfully delivering over 300 products to market, Foliage delivers a potent time-to-market advantage and maximizes this by optimizing quality, reducing costs, and minimizing risks. A privately held company, Foliage was founded in 1991 and is headquartered in Burlington, Massachusetts. For more information, visit: www.foliage.com.

Contact Information

  • Foliage contact:
    Brenda Prost
    Marketing Manager
    Foliage, Inc.
    Ph: 781-993-5559
    Email Contact

    Media contact:
    Erin Keefe
    EKPR
    Ph: 617-512-9498
    Email Contact