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LONDON, February 9, 2011 ― TPI, the largest sourcing data and advisory firm in the world and a unit of Information Services Group, Inc. (ISG) (NASDAQ:III), an industry-leading information-based services company, announced today it advised E.ON, one of the world's largest investor-owned utility companies, on the outsourcing of its IT services as part of a group-wide performance enhancement program that will increase E.ON’s efficiency and competitiveness globally.
E.ON, which has more than 88,000 employees and operates in more than 30 countries, engaged TPI to help it achieve greater efficiency, flexibility and innovation in its use of technology. The initiative is designed to give E.ON the agility to quickly respond to fundamental changes in the energy industry and enter into new markets around the world.
The term of the outsourcing contract will be a maximum of seven years, however at least a minimum of five years. E.ON will partner with HP to oversee Data Centers and End User Computing and with T-Systems to manage Networking and Telecommunications. TPI supported EON throughout the planning of the outsourcing process as well as of, the transfer of about 1,400 employees across Europe to both partners. TPI will continue to support EON through the outsourcing transition and transformation phase during 2011.
“This initiative should be a model for all energy and utility companies that wish to become stronger global competitors in a dynamic and ever-changing industry,” said Michael P. Connors, Chairman & CEO, ISG and TPI. “We are excited to help E.ON improve its delivery of IT services and overall operational efficiency. And with last month’s ISG acquisition of Compass – the premier independent global provider of business and IT benchmarking, performance improvement, data and analytics services – we will be able to provide E.ON and other clients in this important sector an even broader range of information and expertise, both in Europe and around the world.”
TPI, an Information Services Group company (NASDAQ:III), 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, outsourcing and offshoring. In 2010, the International Association of Outsourcing Professionals ranked TPI no. 1 in its Global Outsourcing 100: World’s Best Outsourcing Advisors. For additional information, visit www.tpi.net.
Compass, an Information Services Group company (NASDAQ:III), is the premier independent global provider of business and information technology benchmarking, performance improvement, data and analytics services. Compass Benchmarking and Analytical Services and Compass Fact-Based Consulting® get to the root cause of cost efficiency, productivity and service quality gaps. This deep understanding of clients’ performance provides an unrivalled ability to evaluate the current state and quantify improvement opportunities, understand the market price of services and identify future options, and ensure rapid and sustainable performance improvement. Founded in 1980, Compass revolutionized the identification of the root causes of problems within businesses with its pioneering approach to performance improvement. For more information, visit www.compassmc.com.
About Information Services Group
Information Services Group (ISG) (NASDAQ:III) was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory services, including strategy, implementation and management, and market information, including market measurement, analytics and related product and services. In November 2007, the company acquired TPI, the largest sourcing data and advisory firm in the world, and in January 2011, it acquired Compass, the premier independent global provider of business and information technology benchmarking, performance improvement, data and analytics services. 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 www.informationsg.com.