Sourcing, Alsbridge, Outsourcing, Investment, Meyerson

Sourcing advisor Alsbridge announces investment from Morton H. Meyerson

19 Dec 2006 | (News)

As part of its initiative to create value in outsourcing, offshore and shared services and lead the industry in fostering sustainable buyer and provider communications, Alsbridge Inc., the award winning global advisory firm, announced it has received an investment from 2M Companies, Inc. led by Morton H. Meyerson. Proceeds of the investment will be used to fund growth and expansion of marketing, staffing and infrastructure activities.

"We're seeing tremendous opportunity to help our clients take advantage of sourcing," says Ben Trowbridge, CEO of Alsbridge Americas. "This investment supports our rapid growth rate and continued expansion of our service offerings."

Meyerson, who previously served as president of EDS and CEO of Perot Systems, during periods of sustained high growth, will join the company's newly- formed Board of Directors as Chairman, in a non- executive capacity, and intends to help drive positive change in the outsourcing industry. He will be active in setting the strategic direction of the company.

"What initially caught my attention with Alsbridge was the possibility of changing the buyer and provider relationships in the outsourcing industry from win-lose to win-win," stated Meyerson. "My focus, therefore, is to ensure that they are equipped with the resources necessary to reshape the outsourcing industry and return it to one that creates value for both the buyers and sellers of outsourced services."

"We are pleased to have Mort as our chairman," says Trowbridge. "He brings a clear operational and strategic view to the future of the industry that is clearly needed to take outsourcing, offshore and shared services to the next level and create value for buyer and provider." Trowbridge will continue to serve as CEO and Managing Director of the Americas and lead the growth strategy.

The investment comes after a successful third quarter for Alsbridge, which cites a 100 percent increase in revenue compared to its earnings at this same time last year. "We have had a record number of consulting engagements, and our success is evident," added Trowbridge. Trowbridge credits these successes to Alsbridge's experienced consultants, industry knowledge, methodology, and a knowledgebase of outsourcing benchmarking information. Although the terms of the investment are undisclosed, Trowbridge calls it significant. "This investment will undoubtedly help Alsbridge as it continues to move forward as the next generation of sourcing consultants," says Trowbridge. "Mort's support of Alsbridge allows us to further our value creation efforts."

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