ISG Partners with CENTRL to Enhance Its Third-Party Risk Management Service
Firm will leverage CENTRL’s technology to add new capabilities to its TPRM offering
Stamford, CT - October 25, 2018 — Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, today announced it will partner with CENTRL, a leading technology solutions provider for privacy and risk, to further enhance ISG’s Third Party Risk Management (TPRM) service.
As part of its market-leading Managed Services offering, powered by its innovative ISG GovernX™ platform, ISG offers a comprehensive suite of TPRM capabilities to mitigate the spectrum of risks third-party providers may introduce within enterprise sourcing and operating environments.
ISG will leverage CENTRL’s leading-edge technology to bring enhanced efficiency, automation and control to ISG’s TPRM clients, while reducing complexity throughout the TPRM lifecycle - from strategy, due diligence and third-party selection, to contract negotiation, ongoing monitoring and termination.
The ISG offering, enhanced with CENTRL technology, enables clients to segment/tier third parties based on criticality and inherent risk, execute self-assessments and conduct onsite audits. The technology also features GDPR-ready compliance management and extensive data analytics and dashboarding.
“We are passionate about helping our clients maximize the value they derive from their third-party relationships. Leveraging CENTRL’s leading-edge technology to identify, mitigate and control risks typically associated with these relationships allows us to bring additional value and safeguards to our clients,” said Lois Coatney, partner and global leader, ISG Managed Services.
“The ISG/CENTRL partnership is a very natural model for us,” said Sanjeev Dheer, chief executive of CENTRL. “By combining ISG’s deep expertise and experience in third-party governance with our focus on technology, we can bring more powerful solutions to current and future clients. In the end, we are both focused on helping clients better manage risk in a rapidly changing world.”
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis.
Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 professionals operating in more than 20 countries-a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.