TPI

“Trust and ethics are paramount to us. We sought a partner that would support our unique culture, yet help us make changes that would enable us to accelerate our growth. That's a difficult balance to strike. MCP's leadership aligned very well with the culture at TPI. It was a perfect partnership. We orchestrated plans in board meetings that led to a successful outcome for all parties involved."

"We were interested in taking the wealth that had been created and turning it into employee ownership – that was a primary objective. MCP developed a way for us to achieve that. In the end, 46% of the equity was in employee hands. It's hard to overstate the value of that."

"With the help of Monitor Clipper Partners and Monitor Group, we upgraded our consulting skills and joined forces on a number of strategic assignments. It was a magical combination for our clients.”

Ed Glotzbach, TPI President & CEO

TPI is the the largest sourcing advisory firm in the world. The Company pioneered the sourcing advisory industry in 1989 to help organizations optimize their business operations through the design, implementation and management of sourcing strategies for important business support processes, and notably in its early days, information technology management functions.

By 2004, TPI had achieved market success with $65 million in revenues and had established a reputation as a prominent, growing information-based services company with expertise in all relevant technology-enabled business domains. Company founders were, however, eager to form a strategic partnership to accelerate its growth globally and expand resources to meet the changing needs of its broad client base.  They also wished to diversify their financial holdings and restructure the company to support an employee ownership model.  In 2004, Monitor Clipper Partners (MCP) acquired a controlling interest in TPI and helped restructure the company, enabling it to realize its true embedded value, expand internationally and establish several additional domestic growth pathways in Human Resource outsourcing, Government Advisory work and Sourcing management.

During Monitor Clipper Partners' three-year ownership, TPI generated over 20 percent compounded annual growth, with 25% of its revenue coming from outside the U.S..  The Company became a leading global sourcing and information services provider and established a blue chip client roster that included AT&T, Bombardier, ChevronTexaco, Goodyear, P&G, Pfizer, PS&G, Singapore Airlines and Volvo. The Company also became widely known for its proprietary TPI Index, which provides industry participants with authoritative information and marketplace intelligence on outsourcing transactions.

TPI was acquired by Information Services Group (NASDAQ: III) for $230 million in November of 2007. ISG was seeking to fund global growth initiatives that would enhance shareholder value and aggressively expand its information-services brands. TPI has proven to be a crucial platform in helping to establish ISG as a premier global information services company.