CompanionLink will sync data from Outlook folder. The software will list the available folders (even Public Folders if you’re using Exchange), and let you choose which on to sync data from. CompanionLink will synchronize data in that folder and any sub-folders under it.
To synchronize data from multiple different Outlook folders, you need CompanionLink Professional. This version has as a feature called Category Manager that allows you to assign synchronization of different folders to a Category on the phone. When you add a new Contact to the right Category on the phone, it automatically goes to the right folder in Outlook.
Category Manager also works great with the DejaOffice app for Android, iPad and iPhone.