ISG and Gravitant Announce Global Strategic Partnership to Help Enterprises Accelerate Cloud Adoption

STAMFORD, Conn., June 4, 2015 /PRNewswire/ -- Information Services Group (ISG) (NASDAQ: III), a leading technology insights, market intelligence and advisory services company, announced today it has formed a global strategic partnership with Gravitant, the market leader in cloud services brokerage and management software, to help clients develop and implement their cloud sourcing strategies.

The Gravitant partnership is the latest in a series of moves ISG has made to expand the capabilities of its Cloud Solutions practice, formally established in February. Two months ago, ISG announced a partnership with NPI, a leading spend-management consulting firm, to help clients understand the true cost of moving their IT infrastructure to the cloud. Last year, ISG formed a strategic partnership with Apptio, the leader in Technology Business Management software, to help clients manage the business of IT and support their entire cloud transformation journey.

ISG has been advising clients about cloud solutions since 2010, but with the adoption of cloud services on the rise, the firm is expanding its advisory capabilities with new evaluation tools and management platforms.

The combination of ISG's data, operational insights, and strategic consulting, together with Gravitant's leading service brokerage solutions and public cloud expertise, is designed to enable enterprise clients of all sizes to assess, design, execute and manage their next-generation IT models. Such models include multi-sourced Hybrid IT and continuous delivery approaches that combine one or more solutions from among public and private cloud providers, IT outsourcing service providers and on-premises infrastructure.

"Cloud adoption is clearly growing," said Todd Lavieri, president of ISG Americas and Pacific. "We expect that growth to accelerate dramatically in the next two years as a large number of current infrastructure outsourcing agreements expire. Enterprises are going to need the advice, software, methodology and services that ISG and Gravitant can provide to help them decide which workloads to move to the cloud, and which hybrid models to adopt."

ISG Research estimates more than $100 billion of annual outsourcing contract value will be renegotiated over the next 24 months. Approximately half of these restructurings are infrastructure-related, and many buyers have expressed strong interest in adding cloud to their existing IT outsourcing (ITO) and business process outsourcing (BPO) mix.

"An increasing number of enterprises and governments are taking a 'cloud-first' approach," Lavieri said, citing multiple industry studies that find enterprises are expected to move more than 40 percent of their applications to a cloud delivery model by 2020.

The ISG-Gravitant partnership addresses growing market demand for:

• Tools and expertise to assess the readiness of an application for the cloud, and to determine the best deployment model for the application;
• A benchmark pricing repository for hybrid cloud solutions;
• A software platform for management and automation of cloud sourcing and continuous service delivery.

Gravitant's flagship SaaS platform, cloudMatrix™, is the leading cloud services brokerage and management solution in the market.

"As enterprises are moving to cloud, they are finding that traditional IT procurement processes are lacking and a new dynamic cloud sourcing model integrated with continuous delivery across multi-sourced providers needs to be implemented," said Mohammed Farooq, Gravitant CEO. "Through our partnership with ISG, we're able to streamline the initial evaluation of apps for the cloud and the process of selecting the best-fit cloud for an application. We can then automate the sourcing, procurement and service delivery processes across multiple providers."

About Information Services Group
Information Services Group (ISG) (NASDAQ: III) is a leading technology insights, market intelligence and advisory services company, serving more than 500 clients around the world to help them achieve operational excellence. ISG supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services, with a focus on information technology, business process transformation, program management services and enterprise resource planning. Clients look to ISG for unique insights and innovative solutions for leveraging technology, the deepest data source in the industry, and more than five decades of experience and global leadership in information and advisory services. Based in Stamford, Conn., the company has more than 900 employees and operates in 21 countries.

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About Gravitant
Gravitant is at the forefront of the massive transformation driven by cloud computing. Gravitant enables Enterprises to adopt a new Hybrid IT consumption and multi-sourced delivery operating model. Enterprises can personalize IT service consumption and delivery through an integrated service store, IT services marketplace and continuous service delivery platform. Gravitant cloudMatrix™ moves enterprises from a slow, service-ticket model to an automated, self-service, design-to-order delivery model. The results, a dynamic and integrated IT environment where business users, IT developers and cloud operations professionals can access and consume hybrid IT services. This delivers breakthrough results for Enterprise IT by improving time to delivery from days to minutes and reducing infrastructure and operation costs by 50%.

For additional information, visit www.gravitant.com.   
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Follow us on LinkedIn: http://www.linkedin.com/company/gravitant

SOURCE Information Services Group

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