Folsom, CA – November 8, 2018 – Visionary Integration Professionals (VIP) today announced an investment by Morgan Stanley Credit Partners. The new funding will further accelerate the growth of VIP and its wholly-owned subsidiary, Meridian Knowledge Solutions (Meridian), based in Reston, VA.
While terms of the deal were not disclosed, Morgan Stanley Credit Partners’ investments typically target middle market companies with excellent market positions, strong management teams, and EBITDA (earnings before interest, tax, depreciation and amortization) of $10 million and above.
VIP is an industry-leading technology firm providing tech-enabled business solutions, IT managed services, and management consulting serving both government and commercial customers nationwide. VIP’s wholly-owned subsidiary, Meridian, is a leader in enterprise cloud-based learning management software delivering proven scalability and some of the largest global deployments in the industry.
“VIP and Meridian are poised to capture greater market share,” said Jonna Ward, CEO of VIP and Meridian. “We are excited to work with the team at Morgan Stanley Credit Partners. Having the financial and strategic support of these sophisticated investors validates the market opportunity and accelerates our momentum as a company.”
About Visionary Integration Professionals
VIP provides industry-leading system integration, management consulting, and technology deployment solutions. VIP helps clients strengthen mission outcomes by combining deep industry specialization, agility, and an unwavering commitment to client satisfaction. VIP partners with its clients to deploy systems that align people, processes and technology to deliver business results and accelerate strategic change. Since 1996, VIP has worked with over 1,200 government and commercial clients. For more information, visit www.trustvip.com.
About Meridian Knowledge Solutions
Meridian is a leader in cloud-based learning software. Meridian’s award-winning learning management system (LMS) allows organizations to personalize learning, share knowledge, increase revenue and manage compliance requirements for employees, customers, partners and suppliers. With over 7 million users worldwide, Meridian offers industry-leading extensibility and flexibility in a best-of-breed learning management system. Meridian’s powerful learning management platform provides organizations and users limitless options for their learning programs. For more information, visit www.meridianks.com.
About Morgan Stanley Credit Partners
Morgan Stanley Credit Partners, as part of Morgan Stanley Investment Management, invests in corporate debt securities and related instruments issued by middle market companies. Morgan Stanley Credit Partners’ investment team, based in New York, focuses on deploying capital in North America and Western Europe. For further information about Morgan Stanley Credit Partners, visitwww.morganstanley.com/im/creditpartners.