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Information Services Group ( (III) ) has provided an announcement.
Information Services Group (ISG) has successfully divested its automation unit to UST Global Inc. for $27 million, bolstering its focus on core digital transformation services. With $20 million paid upfront and $7 million held in escrow, the deal includes conditional future payments based on Alsbridge’s performance. This strategic move allows ISG to reduce debt and enhance shareholder value, signaling a refined direction for the company’s growth and market positioning.
See more insights into III stock on TipRanks’ Stock Analysis page.
