ISG Reports 51% Revenue Rise in Q2

Information Services Group (ISG), the acquisition vehicle set up by former VNU boss Michael Connors, has reported its 'second best revenue quarter', fuelled by 51% growth versus the same period in 2010.

Connors founded ISG in 2007 with almost $260m in funds. His company's first acquisition was outsourcing advisory firm TPI, which supplies data, research and consultancy to help clients evaluate their outsourcing strategies.

More recently, ISG acquired UK-based Compass, which provides business and IT benchmarking, performance improvement and analytics services; and public sector specialist STA Consulting.

For the second quarter, ISG has reported a 51% rise in revenues to $50.3m, compared with $33.4m in the second quarter of 2010, and up 24% from the first quarter of 2011.

During the period, ISG reported operating income of $2.5m, including $0.4m in restructuring costs. This compares to the $1.0m in operating income reported in the second quarter of 2010.

'We experienced significant growth in demand for ISG brands across all geographies, contributing to the second best revenue quarter in history,' states Connors. 'We are excited about our prospects in the second half of 2011, fueled in part by the strong momentum with which we exited 2Q11, and continued broad-based demand for our research and analysis.'

For the full-year 2011, ISG is predicting revenues of approximately $180m, which would mean a return to the levels of 2008 after the company suffered a very difficult year in 2009 and a flat 2010.

Web site: www.informationsg.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.