Information Services Group Inc. (ISG) (Nasdaq: III), an industry-leading, information-based services company, today announced the acquisition of STA Consulting (Salvaggio, Teal & Associates) a premier independent information technology advisor serving the public sector.
STA Consulting advises clients on information technology strategic planning and the acquisition and implementation of new Enterprise Resource Planning (ERP) and other enterprise administrative and management systems.
The acquisition unites two ISG companies: TPI, the leading sourcing data and advisory firm in the world and Compass, the premier independent provider of business and IT benchmarking and performance improvement, data and analytics services, with STA Consulting.
"We are pleased to welcome STA Consulting to ISG, immediately expanding our recurring revenue stream with multi-year engagements, strengthening our public sector vertical and increasing our expertise in IT strategic planning, ERP, enterprise administrative systems and project management," said Michael P. Connors, Chairman and CEO of ISG. "As with our recent acquisition of Compass, this combination demonstrates we are executing on our strategy of building ISG into an industry-leading, global information-based services company for the private and public sectors."
"The public sector is under pressure to become more cost efficient and effective in a difficult environment highlighted by a declining revenue base, outdated IT systems and an aging workforce. We are increasing our capabilities with this acquisition to assist clients further in that effort," continued Mr. Connors.
Founded in 1997 and managed by partners Mitt Salvaggio, Kirk Teal and Nathan Frey, STA Consulting is based in Austin, Texas with approximately 40 professionals experienced in information systems consulting in public sector areas such as government operations, IT and project management, contract negotiations, financial management, procurement, human resources and payroll. STA Consulting works with such states as Alaska, Kansas, Kentucky, Louisiana, Mississippi and West Virginia. STA Consulting and TPI have worked together in the past on engagements for such states as Georgia and Texas. Additional information can be found at: www.staconsulting.net.
"STA Consulting is excited to be joining ISG and to partner with an organization that will enable us to provide our clients with a breadth of new services and expanded resources. Our partnership with ISG expands our presence in the public sector as well as provides increased opportunities in the commercial sector," said Mitt A. Salvaggio, Managing Partner of STA Consulting. "ISG is well-known and respected in the global information services industry. And, along with TPI and Compass, we see great synergies and opportunities for our clients to benefit from the world-class best practices, benchmarking and sourcing advisory experience. Our employees will also see increased opportunities for growth."
About Information Services Group, Inc.
Information Services Group, Inc. (ISG) was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. In November 2007, the company acquired TPI, the leading independent sourcing advisory firm in the world, and in January 2011, it acquired Compass, the premier independent global provider of business and information technology benchmarking, performance improvement, data and analytics services. Based in Stamford, Conn., ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees.