Strategic move strengthens UST's presence in the dynamic intelligent automation market while laying the foundation for further growth amidst new demand ALISO VIEJO, Calif., Oct. 2, 2024 /PRNewswire/ -- UST, a leading digital transformation solutions company, has acquired the automation unit of Information Services Group (ISG), strengthening its position in the intelligent automation space and positioning the company for future growth in a dynamic market. The acquired unit is a leading provider of intelligent automation solutions, utilizing artificial intelligence (AI), robotic process automation (RPA), and automation technologies to help clients across a range of industries optimize their bu
Move sharpens ISG's focus, strengthens balance sheet and immediately enhances shareholder value Information Services Group (ISG) (NASDAQ:III), a leading global technology research and advisory firm, said today it has sold its automation unit to UST, a leading digital transformation solutions company, for $27 million in an all-cash transaction, with a portion of the proceeds placed in escrow, to be released contingent upon meeting certain conditions. The unit offers robotic process automation (RPA) software implementation and licensing services. It was established as a startup business in 2017 to meet the emerging demand for RPA. ISG Chairman and CEO Michael P. Connors said the sale is a
Reports second-quarter GAAP revenues of $64 million Reports second-quarter net income of $2.0 million, GAAP EPS of $0.04 and adjusted EPS of $0.08 Reports second-quarter adjusted EBITDA of $7 million Generates $2.2 million of cash from operations Declares third-quarter dividend of $0.045 per share, payable October 4, 2024, to shareholders of record as of September 6, 2024 Sets third-quarter guidance: revenues between $64 million and $66 million and adjusted EBITDA between $7.0 and $8.0 million Information Services Group (ISG) (NASDAQ:III), a leading global technology research and advisory firm, today announced its financial results for the second quarter ended June 30, 20
Barrington Research analyst Vincent Colicchio maintains Information Servs Gr (NASDAQ:III) with a Outperform and maintains $3.5 price target.
In the preceding three months, 4 analysts have released ratings for Information Servs Gr (NASDAQ:III), presenting a wide array of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $4.5, a high estimate of $6.00, and a low estimate of $3.50. Observing a downward trend, the current
Barrington Research analyst Vincent Colicchio maintains Information Servs Gr (NASDAQ:III) with a Outperform and maintains $3.5 price target.
4 - Information Services Group Inc. (0001371489) (Issuer)
8-K - Information Services Group Inc. (0001371489) (Filer)
10-Q - Information Services Group Inc. (0001371489) (Filer)
8-K - Information Services Group Inc. (0001371489) (Filer)
4 - Information Services Group Inc. (0001371489) (Issuer)
4 - Information Services Group Inc. (0001371489) (Issuer)
4 - Information Services Group Inc. (0001371489) (Issuer)
Program recognizes innovative approaches to leveraging technology and new operating models for business success Information Services Group (ISG) (NASDAQ:III), a leading global technology research and advisory firm, has announced the winners of the 2024 ISG Paragon Awards™ for North America, which celebrate the use of new approaches and technologies in sourcing industry partnerships. More than 70 applications were submitted for the annual North America program by 30 solution, technology or service providers. Winners in each category were selected by an independent expert panel of judges and announced at an ISG Sourcing Industry Awards gala dinner on Wednesday, September 25, at the Westin D
Survey of global decision-makers finds conflicting enterprise demands are keeping organizations on mainframes Companies that use mainframes in their current IT operations expect to increase their mainframe spending even as they increase their adoption of public cloud, according to new survey research from leading global technology research and advisory firm Information Services Group (ISG) (NASDAQ:III). The new ISG Market Lens™ Mainframe and Mainframe as a Service (MFaaS) Study finds one-third of large enterprises expect to upgrade existing mainframe processors or storage, 40 percent expect to increase capacity for traditional mainframes, and one in six expect to purchase a new mainframe
Strategic move strengthens UST's presence in the dynamic intelligent automation market while laying the foundation for further growth amidst new demand ALISO VIEJO, Calif., Oct. 2, 2024 /PRNewswire/ -- UST, a leading digital transformation solutions company, has acquired the automation unit of Information Services Group (ISG), strengthening its position in the intelligent automation space and positioning the company for future growth in a dynamic market. The acquired unit is a leading provider of intelligent automation solutions, utilizing artificial intelligence (AI), robotic process automation (RPA), and automation technologies to help clients across a range of industries optimize their bu
Barrington Research upgraded Information Services Group from Mkt Perform to Outperform and set a new price target of $7.00
SC 13G/A - Information Services Group Inc. (0001371489) (Subject)
SC 13G/A - Information Services Group Inc. (0001371489) (Subject)
SC 13G/A - Information Services Group Inc. (0001371489) (Subject)
Alfonso Brings Extensive Financial, Capital Markets and Global M&A Experience to ISG Information Services Group (ISG) (NASDAQ:III), a leading global technology research and advisory firm, announced today that David Berger, executive vice president and chief financial officer, will retire after nearly 12 years of service with the firm and that Humberto "Bert" Alfonso has been named to succeed him, effective June 7. Berger will remain with the firm for several months in an advisory role to assist in ongoing M&A projects and to support the transition. He joined ISG in 2009 as executive vice president and CFO and played a pivotal role in helping grow ISG through his financial stewardship of t