Isg Announces Extension Of Contract To Aid Outsourcing Development In China

< BACK TO COMPANY starstarstarstarstar   Business - Company Press Release
18th March 2010, 02:18pm - Views: 943






Business Company Information Services Group, Inc. 2 image







MEDIA RELEASE PR38779


ISG Announces Extension of Contract to Aid Outsourcing Development in China


STAMFORD, Conn., Mar. 18 /PRNewswire-AsiaNet/ --


         Business unit TPI will help Shanghai satellite create financial

                          services outsourcing hub


    Information Services Group, Inc. (ISG) (Nasdaq: III, IIIIU, IIIIW), an

industry-leading information-based services company, announced that its

business unit TPI, the largest sourcing data and advisory firm in the world,

today signed an extension of its agreement to help Huaqiao become the hub of

financial services outsourcing in China.


    The new contract runs through 2010 with optional extensions through 2012.

Financial terms were not disclosed.


    "TPI is making a great contribution to Huaqiao and Kunshan Province,"

said Zhang Guohua, Kunshan Party Secretary. "Our cooperation with TPI is

helping Huaqiao optimize the structure of our outsourcing industry, raise its

profile and accelerate its growth."


    Added Ren Xueyuan, director of the Huaqiao Economic Development Zone: "We

could not have reached this agreement without the focus, long-term

perspective and commitment to mutual benefit of TPI."


    Since September, TPI has been working with Huaqiao to create China's

first operating protocols and standards for outsourcing industry

participants. The protocols and standards, which will address issues such as

business setup, data privacy, intellectual property, measurement and

reporting systems and training and education, are designed to increase the

city's appeal to global sourcing buyers, service providers setting up

delivery centers and global corporations building captive or shared services

centers.


    Huaqiao is an economic development zone dedicated to services

outsourcing. The Huaqiao International Service Business Park, located just

12.4 miles (20 km) east of central Shanghai, is expected to employ 300,000

people and produce US$15 billion in annual revenue within five to 10 years.


    Said Michael P. Connors, Chairman and CEO, ISG and TPI, "We are excited

about strengthening our relationship with Huaqiao and continuing our work

together at the edge of this critical new frontier for the sourcing industry.

China has a tremendous opportunity in financial services outsourcing, and

Huaqiao and TPI are in a prime position to lead the development of that

market."


    About TPI

    TPI, a unit of Information Services Group, Inc. (ISG) 

(Nasdaq: III, IIIIU, IIIIW), is the founder and innovator of the sourcing 

advisory industry, and the largest sourcing data and advisory firm in the 

world. We are expert at a broad range of business support functions and 

related research methodologies. Utilizing deep functional domain expertise and

extensive practical experience, our accomplished industry experts collaborate

with organizations to help them advance their business operations through the

best combination of business process improvement, shared services,


Business Company Information Services Group, Inc. 3 image


    About Information Services Group, Inc.

    Information Services Group, Inc. (ISG) (Nasdaq: III, IIIIU, IIIIW) was

founded in 2006 to build an industry-leading, high-growth, information-based

services company by acquiring and growing businesses in advisory, data,

business and media information services. In November 2007, the company

acquired TPI, the largest independent sourcing advisory firm in the world.

Based in Stamford, Conn., ISG has a proven leadership team with global

experience in information-based services and a track record of creating

significant value for shareowners, clients and employees. For more, visit



    SOURCE: Information Services Group, Inc.


    CONTACT: Andrew Park, TPI, 

             +1-919-259-9252, 

             andrew.park@tpi.net; 


          or Rhena Wallace, Cohn & Wolfe for TPI, 

             +1-212-798-9832, 

             rhena.wallace@cohnwolfe.com


To view this and other AsiaNet releases please visit http://www.asianetnews.net






news articles logo NEWS ARTICLES
Contact News Articles |Remove this article