Information Svrs Stock Price, News & Analysis

Information Services Group (III) released the 2021 ISG Provider Lens™ report, highlighting U.K. companies' increasing reliance on application development and maintenance providers amid the challenges of COVID-19 and Brexit. The report notes a rapid growth in the application development market driven by digital demands, urgent decision-making, and cost optimization. However, Brexit is expected to cause a shortage of qualified software developers, hindering smaller firms. The report evaluates 41 providers, naming leaders in various quadrants, including Capgemini and Infosys.

The ISG Provider Lens report highlights a surge in outsourced application development and maintenance services in the U.S., driven by COVID-19. Companies are focusing on agile modernization, with many turning to next-generation ADM providers. The report identifies key trends, including the expansion of DevOps to DevSecOps and AIOps, and the rise of robotic process automation. Major players like Accenture, Cognizant, and Infosys are recognized as leaders in various quadrants. The report indicates a growing demand for application transformation, with an emphasis on cloud adoption.

Information Services Group (NASDAQ: III) has announced the launch of two ISG Provider Lens™ research studies focused on the insurance industry. These studies will evaluate platform and BPO service providers aiding insurers in modernizing IT systems. Reports titled Insurance Platform Solutions and Insurance BPO Services will be published in March, offering insights on digital transformation. The research aims to assist enterprise buyers in vendor evaluation and enhance customer experience while reducing costs.

ISG Provider Lens™ report reveals that European enterprises increasingly rely on container technology to enhance software applications and manage resources effectively. The COVID-19 pandemic has heightened this need, driving demand for cloud-native services. However, the adoption of containers presents challenges, particularly regarding security and observability. Companies are also facing a talent shortage in cloud and Kubernetes skills. The report evaluates the capabilities of 55 providers in various service categories, highlighting leaders like Accenture and AWS.

Information Services Group (NASDAQ: III) reported a remarkable 40% growth in global combined ACV for Q3, reaching a record $21.8 billion. Additionally, cloud-based as-a-service spending surged 55% to $13.4 billion, marking the highest growth rate ever. Managed services also climbed 22% to $8.4 billion, with a record 564 contracts awarded. Year-to-date, the combined market generated $59.8 billion in ACV, up 26%. ISG raised its forecasts for both as-a-service and managed services growth for 2021.

ISG's 2021 Provider Lens Report reveals that U.S. enterprises are increasingly adopting cloud-native container technologies to improve application workflows. Companies are evolving from small pilot projects to utilizing hyperscale cloud services. The report highlights the importance of both in-house development and partnering with service providers. Popular trends include multicloud strategies and the necessity of observability solutions as container usage grows. Leading providers and Rising Stars in the container services space are identified, including Accenture and ServiceNow.

CFOs are increasingly seeking digital finance and accounting outsourcing (FAO) services to achieve cost efficiencies and growth, as per the latest ISG Provider Lens report. The report highlights a trend where more complex finance functions, such as budgeting and forecasting, are being outsourced, especially to onshore providers with local expertise. The COVID-19 pandemic has accelerated the adoption of FAO services, with automation and AI becoming essential for modern finance functions. ISG evaluated 24 FAO providers, naming Accenture, Capgemini, and others as Leaders across four client archetypes.

Information Services Group (Nasdaq: III) will release its third-quarter financial results on November 4, 2021, at 4:30 p.m. ET. A conference call for investors and analysts is scheduled for the next day, November 5, 2021, at 9 a.m. ET. U.S. participants can dial 1-877-502-9276 to join, while international participants should call 001-313-209-4906 with the security code 5609449. The call will be accessible for recording on ISG’s website for four weeks following the event.

Information Services Group (III) will host the ISG Digital Business Summit on November 3-4 in Frisco, Texas, focusing on digital transformation strategies. The summit will discuss the shift from traditional project management to a more agile and flexible approach, emphasizing continuous transformation. Keynote speakers include executives from Sunbasket, Vermont Mutual, and Persistent Systems. ISG aims to help organizations achieve operational excellence and growth through effective digital strategies.