ISG sells automation unit to UST for $27M, updates Q3 guidance

Information Services Group Inc.

Sold automation unit (Alsbridge) to UST Global Inc for $27M all-cash; $20M at closing, $7M in escrow.
CEO says sale sharpens ISG focus on core advisory, AI-driven Tango platform, and digital transformation.
Net proceeds from divestiture expected to reduce debt and return capital to shareholders.
Updated Q3 2024 guidance: revenue targeted at $60-61M; adjusted EBITDA guidance also provided.

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