STAMFORD, Conn., Feb. 10, 2011 /PRNewswire/ -- Information
Services Group Inc. (ISG) (Nasdaq: III), an industry-leading,
information-based services company, today announced the acquisition
of STA Consulting (Salvaggio, Teal & Associates) a premier
independent information technology advisor serving the public
sector.
STA Consulting advises clients on information technology
strategic planning and the acquisition and implementation of new
Enterprise Resource Planning (ERP) and other enterprise
administrative and management systems.
The acquisition unites two ISG companies: TPI, the leading
sourcing data and advisory firm in the world and Compass, the
premier independent provider of business and IT benchmarking and
performance improvement, data and analytics services, with STA
Consulting.
"We are pleased to welcome STA Consulting to ISG, immediately
expanding our recurring revenue stream with multi-year engagements,
strengthening our public sector vertical and increasing our
expertise in IT strategic planning, ERP, enterprise administrative
systems and project management," said Michael P. Connors, Chairman and CEO of ISG. "As
with our recent acquisition of Compass, this combination
demonstrates we are executing on our strategy of building ISG into
an industry-leading, global information-based services company for
the private and public sectors."
"The public sector is under pressure to become more cost
efficient and effective in a difficult environment highlighted by a
declining revenue base, outdated IT systems and an aging workforce.
We are increasing our capabilities with this acquisition to assist
clients further in that effort," continued Mr. Connors.
Founded in 1997 and managed by partners Mitt Salvaggio, Kirk
Teal and Nathan Frey, STA
Consulting is based in Austin,
Texas with approximately 40 professionals experienced in
information systems consulting in public sector areas such as
government operations, IT and project management, contract
negotiations, financial management, procurement, human resources
and payroll. STA Consulting works with such states as Alaska, Kansas, Kentucky, Louisiana, Mississippi and West
Virginia. STA Consulting and TPI have worked together
in the past on engagements for such states as Georgia and Texas. Additional information can be found at:
www.staconsulting.net.
"STA Consulting is excited to be joining ISG and to partner with
an organization that will enable us to provide our clients with a
breadth of new services and expanded resources. Our partnership
with ISG expands our presence in the public sector as well as
provides increased opportunities in the commercial sector," said
Mitt A. Salvaggio, Managing Partner
of STA Consulting. "ISG is well-known and respected in the global
information services industry. And, along with TPI and Compass, we
see great synergies and opportunities for our clients to benefit
from the world-class best practices, benchmarking and sourcing
advisory experience. Our employees will also see increased
opportunities for growth."
Webcast/Conference Call:
The Company will host a call and webcast with investors and
industry analysts today at 5:30 pm Eastern
Time. Dial in details are as follows:
-- Dial in number 1-888-637-7725 for participants in
the United States.
-- International participants call 001-913-312-0695.
-- Security code to access the call is 3489022.
Participants are requested to dial in at least five minutes
before the scheduled start time.
Follow THIS link to join the meeting with slides no more than
15 minutes prior to start time. You may click on the link
directly, or cut and paste the link into your browser:
https://www.livemeeting.com/cc/vcc/join?id=w3489022&role=attend&pw=A348902
If you are having difficulty connecting to the Livemeeting
link, please go to the ISG website:
www.informationsg.com for further instructions.
A recording of the conference call will be accessible on the ISG
website (www.informationsg.com) for approximately four weeks
following the call.
About Information Services Group, Inc.
Information Services Group, Inc. (ISG) was founded in
2006 to build an industry-leading, high-growth, information-based
services company by acquiring and growing businesses in advisory,
data, business and media information services. In November 2007, the company acquired TPI, the
leading independent sourcing advisory firm in the world, and in
January 2011, it acquired Compass,
the premier independent global provider of business and information
technology benchmarking, performance improvement, data and
analytics services. Based in Stamford,
Conn., ISG has a proven leadership team with global
experience in information-based services and a track record of
creating significant value for shareowners, clients and
employees.
Forward-Looking Statements
This communication contains "forward-looking statements" which
represent the current expectations and beliefs of management of ISG
concerning future events and their potential effects. Statements
contained herein including words such as "anticipate," "believe,"
"contemplate," "plan," "estimate," "expect," "intend," "will,"
"continue," "should," "may," and other similar expressions, are
"forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. These forward-looking
statements are not guarantees of future results and are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those anticipated. Those risks relate
to inherent business, economic and competitive uncertainties and
contingencies relating to the businesses of ISG and its
subsidiaries including without limitation: (1) failure to secure
new engagements or loss of important clients; (2) ability to hire
and retain enough qualified employees to support operations; (3)
ability to maintain or increase billing and utilization rates; (4)
management of growth; (5) success of expansion internationally; (6)
competition; (7) ability to move the product mix into higher margin
businesses; (8) general political and social conditions such as
war, political unrest and terrorism; (9) healthcare and benefit
cost management; (10) ability to protect ISG and its subsidiaries'
intellectual property and the intellectual property of others; (11)
currency fluctuations and exchange rate adjustments; (12) ability
to successfully consummate or integrate strategic acquisitions;
(13) financial condition of various clients in the financial,
automotive and transportation sectors which account for significant
portions of ISG's revenues and may maintain sizable accounts
receivables with ISG; and (14) ability to achieve cost reductions
and productivity improvements in any future value creation plans.
Certain of these and other applicable risks, cautionary statements
and factors that could cause actual results to differ from ISG's
forward-looking statements are included in ISG's filings with the
U.S. Securities and Exchange Commission. ISG undertakes no
obligation to update or revise any forward-looking statements to
reflect subsequent events or circumstances.
SOURCE Information Services Group, Inc.
