Information Services Group (III) Acquires Compass, Creating Solid Partnership with Strong Management
Information Services Group Inc. (“ISG”), an industry-leading, information-based services company, today announced it has acquired UK-based Compass, an independent global provider of business and information technology benchmarking, performance improvement, data and analytics services.
Combined, the companies have more than five decades of global leadership in information and advisory services and more than 600 employees in 21 countries on six continents. ISG management said the acquisition will allow the companies to address rising demand from new and existing clients.
“We are pleased to welcome Compass into our company, immediately enhancing the data, analytics and advisory capabilities we can deliver to our clients. By combining an approach grounded in real-time data collection and fact-based analysis, TPI and Compass can together take advantage of the robust demand for insight and operational expertise required by our clients around performance improvement and transformational change in these organizations,” Michael P. Connors, chairman and CEO of ISG stated in the press release. “Importantly, this acquisition also represents the next step in executing our strategy of building ISG into a premier global information-based services company.”
Connors said the merger of the companies is “strategically powerful, timely and capable of creating substantial growth opportunities over the near and long term.”
The acquisition also gives Compass the opportunity to provide ISG with a new platform of information and data-based advisory capabilities, which will generate additional market share, revenue growth, increased returns and open the door for future acquisitions.
“Compass is delighted to be joining ISG and we look forward to partnering with expanded resources and services for the benefit of our clients,” said David Whitmore, CEO of Compass, who also becomes ISG vice chairman. “ISG is well-known and respected in the global information services industry. Its people are committed to driving the growth of our business so we can better serve the needs of our clients and our employees in partnership with TPI.”
According to the press release, ISG is acquiring Compass from its current shareholders, including founder Olof Soderblom, senior management, and a syndicate of private investors. Compass investor Marek Gumienny has agreed to purchase an additional 500,000 shares of ISG following the consummation of the transaction, which will bring his ISG holdings up to approximately 4.7 percent of the total outstanding.
For more information visit informationsg.com or at compassmc.com
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