Recovery Continues for ISG

Tech research and advisory firm ISG has reported third quarter revenues of $62.4m, up more than 7% in like-for-like terms; and adjusted EBITDA up 19% to $8.4m.

ISG (Information Services Group) is headquartered in Stamford, CT and was founded in 2006-7 by former Nielsen / VNU man Michael P. Connors. It currently employs around 1,600 people in more than twenty countries, providing services including digital transformation and other change management, sourcing advisory, strategy and operations design, market intelligence, technology research and analysis.

The firm divested its RPA automation unit a year ago, but despite this loss of revenue, still beat the total of $61.3m for Q3 2024. The recovery continues good results from earlier in 2025, and the firm returned to the acquisition trail in the summer.

Americas revenues were $42.2m, up 11% after allowing for the above divestment, while European revenue climbed 7% to $16.0m. Asia Pacific revenues were $4.2m, down 15% on a reported basis.

Chairman and CEO Michael P. Connors (pictured) describes the quarter as 'excellent', and points to continuing 'AI-powered momentum with clients,' and says the EBITDA rise is due to 'a more profitable mix of business and our continued focus on operating efficiency.' More broadly, he notes 'a modest improvement in the macro environment, as clients begin to adapt to global market conditions,' but says demand is stronger in the US than elsewhere.

The firm is on the web at www.isg-one.com .

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