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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.
Information Services Group (NASDAQ: III) has acquired Agreemint, an automated contracting solution, to enhance its ISG GovernX® vendor compliance and risk management platform. This acquisition aims to accelerate contract negotiations and improve legal compliance for supplier contracts. Agreemint's AI-powered tools are expected to add significant value to ISG's offerings, which already manage over $60 billion in annual contact value. The acquisition aligns with ISG's strategy for consistent double-digit recurring revenue growth.
ISG’s 2022 Provider Lens™ Report highlights a critical shift towards Enterprise Service Management (ESM) as companies integrate IT, business, and corporate operations into a unified framework. The report indicates that enterprises are moving towards cloud-based solutions and standardized processes to enhance efficiency.
It identifies key trends, such as the demand for managed services reflecting this consolidation. Major names like Accenture and Deloitte are recognized as leaders in various quadrants of ESM. The report emphasizes the need for comprehensive consulting to navigate these changes.
ISG Provider Lens™ report highlights how business process outsourcing (BPO) providers are assisting insurance carriers in Australia to cut costs and modernize IT systems amidst rising customer expectations and competition.
The report emphasizes the urgency for carriers to enhance customer experience and operational efficiency, driven by challenges from Insurtechs and the impacts of COVID-19. BPO providers enable faster product launches and improve data management, ultimately helping insurers deliver innovative digital experiences. The report evaluates 14 providers, naming EXL as a leader in both evaluated quadrants.
ISG Provider Lens™ report indicates U.S. insurance carriers are increasingly leveraging business process outsourcing (BPO) to enhance customer experience amid rising expectations following the COVID-19 pandemic. The report highlights that insurance firms seek BPO expertise to supplement their workforce after significant turnover. Key benefits include automation of processes, cost reduction, and improved online sales channels. The report profiles 34 providers and identifies leaders in various categories, including Accenture and Cognizant. For further insights, the full report is available for purchase.
Information Services Group (III) released the 2021 ISG Provider Lens™ report highlighting a surge in technology adoption among U.S. insurance carriers due to the COVID-19 pandemic. The report indicates that carriers that started their digital transformation early gained a competitive edge. Key technologies now being utilized include data analytics, artificial intelligence, and cloud-based solutions. Providers like DXC Technology and Majesco are recognized as leaders in insurance platform solutions, supporting carriers in enhancing operational efficiency and product development.
Information Services Group (Nasdaq: III) has announced a new research study focusing on service and solution providers for power and utility companies. The comprehensive ISG Provider Lens™ report, titled Power & Utilities Industry – Services and Solutions 2022, will evaluate vendors in areas such as intelligent business processes, IT services, enterprise asset management, and grid modernization. The report is set for release in June and will assist utility companies in assessing vendor relationships and making informed decisions in a rapidly evolving market.
Information Services Group (ISG) reported record fourth-quarter GAAP revenues of $70 million, exceeding estimates. The firm achieved net income of $4 million and adjusted EBITDA of $10 million for the quarter. For the full year, ISG's revenue reached $278 million, with adjusted EPS at $0.44. The company declared a $0.03 first-quarter dividend and provided guidance for revenues between $69 million and $71 million. ISG's strong cash flow of $42 million and a year-end cash balance of $47.5 million underscores robust performance amid digital demand.
Information Services Group (NASDAQ: III) will host the ISG Xperience Summit on
Attendees will gain insights into how enterprises are adapting to meet consumer expectations and challenges.
Information Services Group (Nasdaq: III) has launched a research study to assess services for enterprises using SAP platforms. The findings will be included in the SAP Ecosystem - 2022 report series, set for release in August. The report will help companies evaluate vendor relationships and optimize SAP transformations. With over 22,000 SAP-supporting providers globally, the study will encompass various services, including managed application services and cloud solutions for SAP ERP.
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