Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  MCP GP II, Inc.
 2. Date of Event Requiring Statement (Month/Day/Year)
11/16/2008		 3. Issuer Name and Ticker or Trading Symbol
Information Services Group Inc. [III]
(Last)
(First)
(Middle)
C/O MONITOR CLIPPER PARTNERS, LLC, TWO CANAL PARK, 4TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CAMBRIDGE, MA 02141		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Warrants, $0.001 par value per share 11/16/2008 11/16/2012 Common Stock 5,000,000 (1) $ 9.18 (1) I (1) (2) see footnote (2)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MCP GP II, Inc.
C/O MONITOR CLIPPER PARTNERS, LLC
TWO CANAL PARK, 4TH FLOOR
CAMBRIDGE, MA 02141		     X    
Monitor Clipper Partners II, L.P.
C/O MONITOR CLIPPER PARTNERS, LLC
TWO CANAL PARK, 4TH FLOOR
CAMBRIDGE, MA 02141		     X    
MONITOR CLIPPER EQUITY PARTNERS II LP
C/O MONITOR CLIPPER PARTNERS, LLC
TWO CANAL PARK, 4TH FLOOR
CAMBRIDGE, MA 02141		     X    
MCP-TPI Holdings, LLC
C/O MONITOR CLIPPER PARTNERS, LLC
TWO CANAL PARK, 4TH FLOOR
CAMBRIDGE, MA 02141		     X    

Signatures

/s/ April Evans, Chief Financial Officer and Secretary, on behalf of MCP GP II, Inc. 03/05/2009
**Signature of Reporting Person Date
/s/ April Evans, Chief Financial Officer and Secretary, on behalf of Monitor Clipper Partners II, L.P. 03/05/2009
**Signature of Reporting Person Date
/s/ April Evans, Chief Financial Officer and Secretary, on behalf of Monitor Clipper Equity Partners II, L.P. 03/05/2009
**Signature of Reporting Person Date
/s/ April Evans, Chief Financial Officer and Secretary, on behalf of MCP-TPI Holdings, LLC 03/05/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents the right to acquire 5,000,000 shares of Common Stock of Information Services Group, Inc. (the "Warrant Shares") by MCP-TPI Holdings, LLC ("MCP-TPI") pursuant to a Common Stock Purchase Warrant dated November 16, 2007 issued by Information Services Group, Inc. ("ISG") to MCP-TPI, as amended from time to time (the "Warrant"). The initial exercise price for the Warrant Shares is $9.18 per share, as adjusted from time to time in accordance with the terms of the Warrant.
(2) MCP GP II, Inc. ("MCP GP") is the general partner of Monitor Clipper Partners II, L.P. ("MCP"), which is the general partner of Monitor Clipper Equity Partners II, L.P. ("MCEP"), which holds a majority of the voting interests in MCP-TPI. By virtue of these relationships, each of MCP GP, MCP and MCEP may be deemed to share voting and dispositive power with respect to the Warrant Shares. Each of MCP GP, MCP and MCEP expressly disclaims beneficial ownership of any securities owned beneficially or of record by any person or persons other than itself for purposes of Section 13(d)(3) and Rule 13d-3 of the Securities Exchange Act of 1934 and expressly disclaims beneficial ownership of any such securities except to the extent of its pecuniary interest therein.

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