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ISG acquires sourcing advisory firm Alsbridge for $74 million
Nasdaq-listed technology advisory services firm, Information Services Group Inc (ISG), on Friday said it has acquired Alsbridge Holdings, Inc for $74 million. The Connecticut-based ISG will pay Alsbridge $74 million, comprising $56 million in cash, $11 million in ISG stock and a $7-million seller's note. US-based Alsbridge is into sourcing, automation and transformation advisory services. Post acquisition- ISG is targeting 2017 revenues of $285-$300 million, adjusted Ebitda of $36-$38 million. This is takes us to the next level of service, performance and growth, Connors said.
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