|By PR Newswire||
|January 8, 2013 08:01 AM EST||
DALLAS, Jan. 8, 2013 /PRNewswire/ -- Alsbridge, the global leader in data-driven benchmarking, outsourcing consulting and network advisory services for CIOs, announced today that it has received an investment from private equity firm LLR Partners. The financing will be used to support Alsbridge's continued growth plan, propelled recently by its acquisition of Telwares, a leading consulting firm that provides network optimization and transformation services to clients worldwide. MHT Partners served as exclusive advisor to Alsbridge on both transactions.
"Alsbridge has created an end-to-end solution to help companies realize more strategic value and cost savings from their technology and telecom vendors," said Ben Trowbridge, founder, Chairman and CEO of Alsbridge Inc. "Our partnership with LLR introduces new relationships, capital and strategic guidance to support that vision. It provides Alsbridge the flexibility to quickly take advantage of additional acquisition opportunities and reshape the benchmarking, outsourcing consulting and network advisory landscape as we continue to grow."
Founded in 2003, Alsbridge has more than 175 team members across three continents. It serves as a trusted advisor to companies seeking to identify and optimize vendor relationships and maximize value from the latest enterprise technologies. Leveraging a database of more than 300,000 data points and market intelligence garnered from thousands of sourcing transactions, Alsbridge provides clients with transparency on pricing and performance. Many of the world's largest companies turn to Alsbridge to help them generate significant cost savings and make more informed IT and telecom purchasing decisions.
"Alsbridge has exhibited tremendous growth over the past 10 years and is uniquely positioned to be the industry leader in IT and telecom sourcing, benchmarking and transformation services," says Howard Ross of LLR Partners. "With a very experienced management team at the helm and a proven track record of success, the company is set for continued expansion in a largely untapped market."
Alsbridge has been a distinguished member of the Inc. 500 List of America's Fastest Growing Privately Held Companies and ranked one of the World's Best Outsourcing Advisors for four consecutive years by the International Association of Outsourcing Professionals.
About Alsbridge Inc.
Alsbridge is a global consulting firm that provides data-driven benchmarking, outsourcing consulting and network advisory services for CIOs. Alsbridge's experienced consultants leverage proprietary tools and information databases to identify and engage the optimal vendors for its clients, negotiate best practice terms at fair market prices and improve ongoing vendor management. Alsbridge helps its clients procure the most cost effective and value added sources globally for IT infrastructure services, network carrier services, hardware and software, application support and development, business processes and cloud services. For more information about Alsbridge, visit www.alsbridge.com.
About LLR Partners
LLR Partners invests in middle market growth companies with proven business models in a broad range of industries, including business services, consumer and education, financial services, healthcare services and software and IT services. With more than $2 billion under management, LLR provides capital for growth, recapitalizations and buyouts. For more information about LLR, visit www.llrpartners.com.
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