12/13/2017
Technology research and consulting firm ISG is headquartered at 281 Tresser Blvd., in downtown Stamford, but it is planning a move in early 2018 to 2187 Atlantic St., in the city’s South End.
Technology research and consulting firm ISG is headquartered at 281 Tresser Blvd., in downtown Stamford, but it is planning a move in early 2018 to 2187 Atlantic St., in the city’s South End.
Photo: Michael Cummo / Hearst Connecticut MediaSTAMFORD — Information Services Group CEO and Chairman Michael Connors rang the Nasdaq stock exchange’s opening bell Wednesday, marking the upcoming 10th anniversary of the technology research and consulting firm’s 10th anniversary as a public company.
ISG shares were first listed on Nasdaq on Feb. 1, 2008, under the ticker symbol III. In the past year, the shares have recorded a high of $4.63 and a low of $2.95.
“Ten years ago, we were excited to become a member of the world’s first completely electronic exchange and join an elite group of listed technology innovators that made Nasdaq synonymous with the booming high-tech industry,” Connors said in a statement. “Today, our enthusiasm for being a Nasdaq-listed firm remains as strong as ever as we look forward to the next 10 years of growth and success.”
A group of ISG employees and their family members, business associates and investors joined Connors at the ceremony.
ISG, which has a market capitalization value of about $188 million, was founded in 2006.
The company serves about 700 clients in about 20 countries. In the past quarter, it recorded revenues of approximately $68 million, about 30 percent higher than in the same period in 2016. It recorded a profit of $1.43 million, compared with $732,000 in the third quarter of 2016.
Worldwide, ISG employs about 1,300. It operates its largest center in Bangalore, India, where it employs about 400 focused on research, managed services and data analytics. About 20 are based at its downtown Stamford headquarters, on the ninth floor at 281 Tresser Blvd.
ISG has signed a multi-year lease to take about 18,000 square feet at 2187 Atlantic St., on the edge of the mixed-use Harbor Point development in the city’s South End. Executives said they were looking for a new home that reflected the company’s evolution into a more digitally focused enterprise and offered opportunities for future expansion.
The company is set to make the move in March or April. The new offices will include a tech bar for employees, similar to an Apple store’s Genius Bar, a digital training center and a digital client-engagement center where the company can showcase digital services such as “robotic process automation” involving software bots.
“We thought about other locations outside Connecticut, but after thinking about alternatives, we decided we wanted to remain in Stamford,” Connors said in a recent interview. “It’s got great access to local talent in Fairfield and Westchester counties and proximity to New York City, including its financial markets.”
pschott@scni.com; 203-964-2236; Twitter: @pauslchott
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