Information Services Group Names Hobbs, Waite to Board of Directors

Addition of Two Veteran Business Leaders Expands Board to Six

STAMFORD, Conn., Jan. 22 /PRNewswire-FirstCall/ -- Information Services
Group, Inc. (ISG) (Amex: III.U, III, III.WS), formed in 2006 to build an
industry-leading, high-growth information-based services company, announced
today that Gerald S. Hobbs, a leading information services and media
executive, and Donald C. Waite III, a highly regarded executive in management
consultancy, have been elected to its Board of Directors.
The appointments are effective immediately. With the addition of Hobbs
and Waite, the ISG Board of Directors expands to six members, five of whom are
independent directors.
"Jerry Hobbs and Don Waite bring tremendous industry expertise, business
acumen and outstanding leadership skills to the ISG Board of Directors," said
Michael P. Connors, Chairman and Chief Executive Officer of ISG. "Their vast
knowledge of the information services industry, advisory services to
executives in major corporations worldwide and strong CEO and Board level
relationships will help accelerate ISG into a high-growth information-based
services company. We look forward to the many contributions they will make to
our growth and success."
Gerald S. Hobbs
Hobbs is a managing director and an operating partner at Boston Ventures.
Previously, he was the Chairman and CEO of VNU, Inc. (now The Nielsen
Company), a leading business, marketing and media information services
company. Under Hobbs, VNU rapidly expanded into a multi-billion dollar
company by acquiring more than 60 media and information services companies
over ten years.
He began his career with Procter & Gamble in brand management before
joining Billboard Publications, Inc. (later BPI), a media information company
in 1969. In 1984, he led a management buyout of BPI, and later sold the
business to Affiliated Publications, publisher of the Boston Globe, but
remained as CEO, leading the business through a period of rapid expansion. In
1991, Hobbs and a partnership group purchased a majority interest in BPI, and
in 1994 he presided over the sale of BPI to VNU.
Hobbs is past Chairman and Director of American Business Media and the
Advertising Council, Inc. He is currently a Director of BNA, Inc. and The
Nielsen Company.
Donald C. Waite III
Waite is the Director of the Executives-in-Residence Program at Columbia
Graduate School of Business, where he is an adjunct professor. Previously, he
was one of the top three executives worldwide with McKinsey & Company, the
international management consulting firm. He retired from the firm in 2002
after 36 years of service.
Waite spent his career with McKinsey in both the U.S. and Europe where he
helped build its European financial and services practices. He later returned
to New York and assumed global leadership of McKinsey's banking and securities
practice, which was later combined with its financial institutions practice.
Beginning in 1990, Waite was managing partner of five McKinsey offices in the
northeast U.S. (New York, Boston, New Jersey, Stamford, Washington), and from
1996 to 2002, he was one of three executives leading the firm and was chairman
of the firm's Investment and Compensation Committees.
Throughout his career, Waite has maintained a focus on the management of
firms employing high-talent professionals. He has worked extensively with
senior executives in professional services firms including investment banks,
advertising and media companies, on matters of strategy, organization and the
retention and motivation of their professional staff.
Waite received an MBA degree with honors from Columbia Graduate School of
Business, where he was a Harriman Scholar, and a B.A., with distinction, from
Dartmouth College. He serves as a Director of Presstek, Inc.
In addition to Hobbs and Waite, the ISG Board of Directors includes Robert
J. Chrenc, Michael P. Connors, R. Glenn Hubbard and Robert E. Weissman. For
more information about the ISG Board of Directors and to view complete
biographies of Board members, visit
http://www.informationsg.com/governance.html.
About Information Services Group, Inc.
Information Services Group, Inc. (ISG) 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 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 www.informationsg.com.
Forward-Looking Statements
This communication contains "forward-looking statements" which represent
the current expectations and beliefs of management of ISG concerning future
events and their potential effects. Statements contained herein including
words such as "anticipate," "believe," "contemplate," "plan," "estimate,"
"expect," "intend," "will," "continue," "should," "may," and other similar
expressions, are "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are not
guarantees of future results and are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
anticipated. Those factors include, without limitation: (1) the ability to
successfully combine the businesses of ISG and TPI; (2) the amount of cash
available, operating costs and business disruption following the acquisition,
including adverse effects on relationships with employees; (3) changes in the
stock market and interest rate environment that affect revenues; (4) diversion
of management time on acquisition related issues; (5) reaction of TPI clients
to the transaction; (6) retention of key employees following closing; (7)
general economic conditions such as inflation; and (8) general political and
social conditions such as war, political unrest and terrorism. The risks also
relate to inherent business, economic and competitive uncertainties and
contingencies relating to the businesses of ISG and TPI including: (1) failure
to secure new engagements or loss of important clients; (2) ability to hire
and retain enough qualified employees to support operations; (3) ability to
maintain or increase billing and utilization rates; (4) management of rapid
growth; (5) success of expansion internationally; (6) competition; (7) ability
to move the product mix into higher margin businesses; (8) operating TPI as a
public company; (9) healthcare and benefit cost management; (10) ability to
protect ISG and TPI's intellectual property and the intellectual property of
others; (11) currency fluctuations and exchange rate adjustments; (12) ability
to successfully consummate or integrate strategic acquisitions; and (13)
ability to achieve the cost reduction and productivity improvements
contemplated by the previously announced "Value Creation Plan." Certain of
these and other applicable risks, cautionary statements and factors that could
cause actual results to differ from ISG's forward-looking statements are
included in ISG's filings with the U.S. Securities and Exchange Commission
("SEC"), specifically as described in ISG's annual report on Form 10-K for the
fiscal year ended December 31, 2006, and ISG's definitive proxy statement.
ISG undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events or circumstances.
SOURCE Information Services Group, Inc.

Media, Barry Holt, +1-203-517-3110, bholt@informationsg.com; Investors, Frank
Martell, +1-203-517-3104, fmartell@informationsg.com, both of Information
Services Group, Inc.