Brief: ISG acquires Alsbridge in transformational combination creates new powerhouse in technology research, advisory and digital transformation services

Information Services

01/12/2016 22:32

Dec 1 (Reuters) - Information Services Group Inc  III.O  
    * ISG acquires Alsbridge in transformational combination; 
creates new powerhouse in technology research, advisory and 
digital transformation services 
    * Information Services Group says ISG is paying a total 
consideration of $74 million 
    * Information Services Group says acquisition expected to be 
accretive to 2017 EPS 
    * Information Services Group says Alsbridge management will 
receive a substantial portion of their consideration in form of 
ISG stock. 
    * Information Services Group says Synergistic transaction is 
expected to have a material impact on 2017 financials 
    * Information Services Group says firm's preliminary 2017 
outlook targets revenues in range of $285-$300 million and 
adjusted EBITDA between $36-$38 million 
    * Information Services Group says ISG will take a 
fourth-quarter, one-time charge of approximately $6 million for 
severance and other deal-related costs 
    * Information Services Group says paying a total 
consideration of $74 million, comprised of $56 million of cash, 
$11 million of ISG stock and a $7 million seller's note 
    * Information Services Group says in separate 
transaction,existing shareholder Chevrillon & Associes SCA is 
purchasing 3 million shares of ISG stock for $12 million 
 
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