Research and advisory group ISG (Information Services Group) has acquired US-based outsourcing advisory firm Alsbridge Holdings for a total consideration of $74m.
The deal comprises $56m in cash, $11m in ISG stock, and a $7m seller's note.
Alsbridge offers a range of market insight, advisory expertise and benchmark databases, to enable clients to outsource global IT, business and network services. ISG says the buy will create a 'new industry powerhouse' in technology research, advisory and digital transformation services, offering a broader range of services, including deeper proprietary data and market intelligence, and more expertise to clients achieve operational excellence. The combined business will serve more than 700 clients, and ISG's global team will grow by approximately 20% to 1,300 research and advisory professionals.
Alsbridge CEO Chip Wagner (pictured) will become President and Partner of ISG Business and Emerging Services. Commenting on the deal, Wagner says: 'By combining and integrating our service offerings, we are creating a new industry leader that redefines the research, sourcing and digital technology advisory market. The ISG and Alsbridge businesses, cultures and values all mesh extremely well. It really is a case of the whole being greater than the sum of the parts'.
Web sites: www.isg-one.com and www.alsbridge.com .
All articles 2006-20 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.