Information Services Group, Inc. - III STOCK NEWS

Information Services Group (Nasdaq: III) has launched the ISG Women in Digital Awards to honor women's leadership in the digital field. The awards recognize excellence in five categories, including Digital Innovator and Rock Star Leader, with a top honor of Digital Titan of the Year.

Nominations are open until June 17, with winners announced on September 13. This initiative aims to promote women's advancement in technology and acknowledges their contributions to the digital landscape.

Information Services Group (III) has launched research studies on next-gen application development and management (ADM) services. The findings will be published in comprehensive ISG Provider Lens™ reports, including the Next-Gen ADM Services 2022 and the Next-Gen ADM Solutions 2022 focused on low-code/no-code platforms. Surveys have been distributed to over 200 service providers, aiming to help enterprises enhance customer experience and operational agility. The reports will be available in September 2022 and cover various global markets, providing valuable insights for enterprise buyers.

The 2022 ISG Provider Lens™ report highlights the growing need for Salesforce service providers in Germany as demand surges due to pandemic-driven digital transformation. While Salesforce adoption accelerates and implementation services are in high demand, the market has not yet consolidated as seen in the U.S.. Service providers face challenges in recruiting qualified staff, though many are responding by hiring and training. The report evaluates 35 providers, naming leaders in various quadrants, including Reply as a leader in four areas.

According to the ISG Provider Lens™ report, European enterprises are increasingly modernizing mainframe applications or migrating to the cloud due to rising costs and a lack of legacy skills. The report indicates that mainframe migration service providers in Europe experienced an average revenue growth of 20% in the past year. However, the execution of these projects is slow, with many not reaching completion. The ongoing shortage of COBOL skills further adds to rising costs, prompting companies to seek multinational providers.

Asia Pacific’s IT and business services market grew by 28% in Q1, reaching a record US $4.2 billion in annual contract value (ACV). However, this marks the lowest growth rate in four quarters, dropping 10% from Q4's US $4.7 billion. XaaS also saw a 28% year-over-year increase, totaling US $3.7 billion, but was down 1% quarter-over-quarter. Managed services experienced a 28% increase to US $498 million but fell 47% compared to Q4. ISG forecasts a 22% growth for the cloud-based XaaS market and 5.1% for managed services for the year.

Information Services Group (III) will release its first-quarter financial results on May 9, 2022, at 4:30 p.m. ET. A conference call for investors will follow on May 10, 2022, at 9 a.m. ET, with U.S. participants dialing 1-800-304-0389 and international participants calling +1 313-209-5140. The security code for access is 6633167. A recording will be available on the ISG website for about four weeks post-call.

Symphony SummitAI has been recognized as a Rising Star in ISG's Provider Lens™ 2022 report for Enterprise Service Management (ESM) Software Providers. This accolade reflects their promising portfolio and effective management strategies tailored to market trends and client needs. The firm is noted for its innovative AI-driven service management tools that streamline operations across various functions. ISG evaluates software vendors based on a comprehensive research methodology, highlighting Symphony SummitAI's potential to lead in the IT service management space.

ISG Reports Strong Q1 Growth: Information Services Group (Nasdaq: III) reveals that demand for IT and business services in the Americas surged, reaching a record $12.4 billion in annualized contract value (ACV) during Q1, a 38% year-over-year increase. Cloud-based services, particularly Infrastructure-as-a-Service (IaaS), drove growth with a 63% rise to $5.5 billion. Managed services saw a 22% growth, while IT outsourcing declined by 4%. The firm forecasts a 22% growth in the global cloud XaaS market for 2022.

Information Services Group (III) has released the 2022 ISG Provider Lens™ report on mainframe services and solutions in Canada, highlighting an accelerated trend towards cloud migration initiated during the COVID-19 crisis. Enterprises are modernizing mainframe applications to enhance data accessibility, agility, and operational automation. The report notes challenges in this transition, emphasizing the long-term benefits of modernization for cost and performance. Key leaders identified include Capgemini and Infosys, among others, showcasing a competitive landscape for modernization services.