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Information Services Group, Inc. - III STOCK NEWS

Welcome to our dedicated page for Information Services Group news (Ticker: III), a resource for investors and traders seeking the latest updates and insights on Information Services Group stock.

Information Services Group, Inc. (Nasdaq: III) is a renowned global technology research and advisory firm headquartered in Stamford, Connecticut. Established in 2006, ISG has rapidly evolved to become a trusted business partner to over 700 clients worldwide, including 75 of the world's top 100 enterprises. The company's core mission is to assist corporations, public sector organizations, and service and technology providers in attaining operational excellence and accelerated growth.

ISG specializes in a broad range of digital transformation services such as automation, cloud and data analytics, and sourcing advisory. Additionally, the firm offers managed governance and risk services, network carrier services, technology strategy and operations design, change management, market intelligence, and technology research and analysis. With an employee base of over 1,300 professionals across more than 20 countries, ISG's global team is celebrated for its innovative thinking, market influence, deep industry and technology expertise, and exceptional research and analytical capabilities.

The company's operations are predominantly divided into three geographical segments: the Americas, Europe, and the Asia-Pacific, with the majority of its revenue coming from the Americas. ISG provides fact-based sourcing advisory services and has carved a niche for itself as a leader in this domain.

Recent achievements include strategic partnerships with several key technology providers, driving collaborative innovation and delivering enhanced value to clients. ISG's latest projects focus on leveraging advanced technologies to streamline operations and foster business growth for its clients. The firm’s commitment to innovation and excellence has been a driving force behind its sustained growth and industry leadership.

For the latest updates and detailed information on ISG's performance, events, and developments, investors and stakeholders can explore the most recent news and announcements from the company.

Rhea-AI Summary

Public clouds are becoming increasingly popular among U.K. enterprises as they navigate rising IT costs and the need for modernization, according to the latest ISG Provider Lens™ report. The study finds that businesses are shifting to public cloud services for better pricing, security, and expense management. Midmarket companies are also adopting cloud solutions, focusing on middleware modernization. The report notes a trend toward multi-cloud environments to mitigate vendor risks, with a growing reliance on managed services providers. Leaders in the sector include Claranet and Rackspace Technology, among others, highlighting a competitive landscape.

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The ISG Provider Lens™ report highlights that French enterprises are carefully selecting public cloud providers amid evolving regulations on data sovereignty and security. Cautious evaluations have replaced the earlier rush for cloud adoption seen in 2020 and 2021, influenced by new government initiatives aimed at certifying data residency in Europe. Despite these challenges, companies are eager to utilize advanced data services from US hyperscalers, as local providers struggle with the scale needed for effective cloud technology development. The report ranks 50 providers across several quadrants, identifying leaders such as Orange Business Services and Sopra Steria.

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ISG reports a significant decline in XaaS spending in Asia Pacific, dropping 48% year-over-year in Q4 to $2.1 billion. Meanwhile, managed services grew 21% during the same period, reaching $1.3 billion with 96 contracts signed, marking a 52% increase. The full-year total for Asia Pacific's combined market fell 21% to $13.8 billion, the steepest decline since 2015. Looking ahead, ISG forecasts a 17% growth in XaaS and 5% in managed services for 2023. The challenges stem from the tech sector's troubles in China, particularly affecting infrastructure-as-a-service.

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Information Services Group (NASDAQ: III) has launched a research study assessing service providers that assist enterprises and U.S. public sector organizations in combining in-house data centers with cloud infrastructure. The results will be outlined in the Private/Hybrid Cloud — Data Center Services 2023 report, set for release in June 2023. The study targets over 280 service providers and will feature quadrants for Managed Services, Managed Hosting, and Colocation Services. This initiative aims to help clients evaluate vendor relationships and find suitable cloud solutions amid rising global demand for more agile and cost-effective IT operations.

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ISG's latest report indicates a mixed outlook for the IT and business services market in the Americas, with a slight increase in demand despite ongoing economic concerns. The fourth-quarter annual contract value (ACV) reached $12.3 billion, marking a 1% year-over-year increase but a 1% decline from Q3. The market shows signs of sequential decline for the third consecutive quarter due to reduced IaaS spending. XaaS solutions demonstrated a 1.4% growth, totaling $7.8 billion. For 2023, ISG forecasts 17% growth for XaaS and 5% for managed services, driven by cost optimization and digital transformation efforts.

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ISG's latest report highlights Switzerland's growing adoption of cloud services. Nearly 95% of Swiss companies have utilized cloud solutions, with a notable shift towards hyperscalers. The COVID-19 pandemic catalyzed this change, emphasizing the need for robust IT infrastructures. Competition is intensifying, especially with major players like Google, Microsoft, and AWS increasing their presence. The report identifies Swisscom as a leader across all service quadrants, while 65 providers were evaluated overall. A rising interest in industry-specific services and consultation assistance is aiding businesses in this migration.

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Information Services Group (NASDAQ: III) has released its 2022 ISG Provider Lens™ report, highlighting a significant trend in the Nordics where firms are increasingly migrating to public clouds. The report indicates that concerns around security and financial control are diminishing as cloud providers enhance their offerings. It notes a growing demand for cloud consulting and transformation services, particularly in the public sector, driven by the need for application modernization. The Nordics' strong connectivity and energy cost advantages make the region attractive for data center operations. Notably, Tietoevery and Sopra Steria have emerged as leaders in multiple service categories.

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Service providers are pivotal in aiding Europe's automotive and semiconductor sectors to adapt to evolving business and technological landscapes, as reported by the ISG Provider Lens™. The 2022 report highlights a shift towards electric vehicles and software-defined vehicles, necessitating new partnerships to enhance product development. Challenges like chip shortages and supply-chain issues are exacerbated by geopolitical tensions. Despite these hurdles, companies are progressing towards digital engineering goals, with notable leaders like Capgemini and HCLTech recognized for their capabilities in the industry.

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Fourth Quarter Results: The EMEA region experienced a slight decline in the IT and business services market, with ACV down 1% YoY at $7.2 billion. Managed services declined 3% to $3.4 billion, while XaaS grew 0.5% to $3.8 billion. Notable variances included a 15% drop in ITO and a 73% rise in BPO. Full-Year Performance: The region posted record ACV of $30.1 billion, up 11%. Managed services rose 6% to $14.9 billion, and XaaS increased 17% to $15.3 billion. ISG forecasts positive developments for 2023, predicting 5% growth in managed services and 17% for XaaS.

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ISG Provider Lens™ report reveals that U.S. manufacturers are increasingly partnering with service providers to tackle supply chain disruptions and evolving product requirements. In the automotive sector, companies are transitioning from hardware to software-defined vehicles, driven by the demand for autonomous and electric models. Similarly, the semiconductor industry is responding to geopolitical challenges by reshaping supply chains and increasing domestic production capabilities. The report highlights key players, including Capgemini and HCLTech, recognized as leaders in the manufacturing services sector.

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FAQ

What is the current stock price of Information Services Group (III)?

The current stock price of Information Services Group (III) is $3.66 as of November 27, 2024.

What is the market cap of Information Services Group (III)?

The market cap of Information Services Group (III) is approximately 179.9M.

What does Information Services Group, Inc. do?

ISG is a global technology research and advisory firm specializing in digital transformation services, sourcing advisory, managed governance, and more.

Where is ISG headquartered?

ISG is headquartered in Stamford, Connecticut, USA.

When was ISG founded?

ISG was founded in 2006.

How many professionals does ISG employ?

ISG employs over 1,300 professionals.

What are the main services provided by ISG?

ISG provides services including automation, cloud and data analytics, sourcing advisory, managed governance and risk services, and technology strategy and operations design.

Which regions does ISG operate in?

ISG operates in the Americas, Europe, and the Asia-Pacific.

Who are ISG's clients?

ISG serves over 700 clients, including 75 of the top 100 enterprises globally.

What recent achievements has ISG accomplished?

ISG has formed strategic partnerships with key technology providers and is focused on innovative projects that leverage advanced technologies.

What makes ISG unique in its industry?

ISG is known for its innovative thinking, market influence, deep industry expertise, and world-class research and analytical capabilities.

How can I stay updated on ISG's latest news?

You can stay updated on ISG's latest performance, events, and developments by exploring the most recent news and announcements from the company.

Information Services Group, Inc.

Nasdaq:III

III Rankings

III Stock Data

179.85M
35.05M
28.57%
60.91%
0.26%
Information Technology Services
Services-management Consulting Services
Link
United States of America
STAMFORD