STAMFORD, Conn., April 24, 2012 /PRNewswire/ -- Information Services Group (ISG) (NASDAQ: III), a leading technology insights, market intelligence and advisory services company, today announced that its managed services unit has surpassed $10 billion in total contract value under management for clients.
ISG Managed Services, which provides post-contract governance to help organizations realize the full value anticipated from their sourcing agreements, passed the milestone earlier this month with the addition of a global biotechnology company to its list of valued clients.
The unit, which ISG launched three years ago, now helps manage relationships with more than 70 different service providers and counts among its clients global leaders in the automotive, transportation, software and logistics sectors, among others.
"We are very proud of the growth that ISG Managed Services has achieved in such a short period of time," said Michael P. Connors, Chairman & CEO, ISG. "To be managing $10 billion worth of contracts just a few years after launching is just phenomenal. I want to thank our clients for entrusting us with this critical work."
In February, ISG Managed Services launched Consumption Management to help enterprises address the challenge of IT asset management and reconciliation. Last year, it launched GS Essentials, a cost-effective governance services solution for clients with smaller or less complex outsourcing portfolios to manage.
ISG Managed Services typically costs 15 to 25 percent less than managing outsourcing governance internally, and clients average additional hard savings of 10 percent of their annual contract value and additional soft savings of nearly 6 percent.
"Over the past few years, we have seen clients come to embrace the idea of third-party outsourcing governance even as we've greatly expanded how it can benefit them," said Claude Marais, Partner, Governance Services, ISG. "Not only can they achieve substantial cost savings, they are freed up to focus on improving both their performance and their relationships with service providers. And with our world-class knowledge and processes, they can be up and running in as few as four weeks."
For more information, please visit http://www.isg-one.com/web/services/governance-services/.
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 of global leadership in information and advisory services. Based in Stamford, Conn., the company has more than 700 employees and operates in 21 countries. For additional information, visit www.isg-one.com.
SOURCE Information Services Group