IDG
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IDG
International Data Group
FormerlyInternational Data Corporation
TypeSubsidiary
IndustryMedia Technology
Founded1964; 57 years ago (1964)
Newtonville, Massachusetts, U.S.
FoundersPatrick Joseph McGovern
Headquarters,
U.S.
Area served
Worldwide
OwnerChina Oceanwide Holdings Group
Number of employees
1,100[1]
Websitewww.idg.com

International Data Group, Inc. (IDG)[2] is an American media, events and research company headquartered in Framingham, Massachusetts focused on the tech landscape.[3] It is a wholly owned subsidiary of Chinese investment company China Oceanwide Holdings Group.[4] Founded in 1964, it is made up of International Data Corporation (IDC) and IDG Communications; the latter includes the brands CIO magazine, Computerworld,[5]CSO, InfoWorld, JavaWorld, Macworld, NetworkWorld, PC World, and TechHive.[6][7]

History

International Data Corporation was founded in 1964 by Patrick Joseph McGovern, who sold his car to fund its startup. Based in Massachusetts, the company produced a computer installation data base (based on a customer list purloined from IBM), and published a newsletter, "EDP Industry and Market Report" (modeled on "ADP Newsletter", which was published by The Diebold Group. Companies such as RCA, Univac, Xerox, and Burroughs paid IDC for use of the data base. During this time, McGovern continued to work as a writer for "Computers and Automation" magazine, the first computer magazine, published by Edmund Berkeley.

By its third year, the company had an income of $154,996. A modest net profit of $2,961.[8] McGovern was considering liquidating the company when he hit on the idea of launching Computerworld in 1967, which was a continuation of the monthly newsletter, published weekly instead of monthly, in a different format, with advertising, which became a cornerstone of IDG's subsequent publishing arm.[8] McGovern subsequently founded PC World.

IDG Books, which was a public company spun off from the privately held IDG, published the popular self-help "...For Dummies" books. The "...For Dummies" range was originally limited to computer related fields, but later expanded to include a much wider variety of topics.[9] The series is now published by John Wiley & Sons.[10] IDG Books/Hungry Minds -- as IDG Books was briefly renamed before being sold to Wiley in 2001, it no longer exists as a separate company.[9] In 2010, IDG introduced the "Nanosite", an advertising tool designed as an alternative to a microsite.[11]

Following McGovern's death in March 2014, ownership of the corporation passed to the McGovern Foundation, with several layoffs occurring as a result.[12] In January 2017, following IDG's announcement that it was searching for a buyer, it was acquired by China Oceanwide Holdings Group.[12][4][13][14] Later that year a second round of layoffs occurred, including up to ninety editors and writers from IDG's consumer and enterprise publications.[15] In August 2019, Mohamad Ali was named as Global CEO of IDG. Prior to joining IDG, Ali held the positions of President and CEO of Carbonite and Chief Strategy Officer of Hewlett-Packard.[16]

In June 2020, IDG retired their JavaWorld brand, migrating its content to InfoWorld.[17]

Digital News as an example

Digital News is no longer one of their hundreds [18] of periodicals published worldwide. It was focused on computers produced by Digital Equipment Corporation when DEC was #2 to IBM. In 1988 IDG's Digital News acquired 1980-founded Hardcopy magazine.[19] (stylized HARDCOPY) Back then, IDG competitor Ziff Davis published "a third DEC-users journal, Boston-based Digital Review."[19]The DEC Professional was the fourth player.[20]

In 1997, The New York Times referred to IDG as "the No. 2 producer of technology publications, after Ziff-Davis Publishing."[2] As of 2020, DEC is long gone, as are these DEC-focused publications.

Businesses

IDG has "approximately[2][21] 300 technology publications worldwide" and its own international news agency, IDG News Service,[18] headquartered in Boston,[18] with bureaus in cities such as New York, Beijing, Amsterdam and Brussels.[22]

IDG Connect produces, publishes and distributes local IT and business information. Founded in 2006, it has offices in Framingham, Massachusetts, US, and Staines, Middlesex, UK, and offers lead generation,[23] research,[24] video, mobile apps, "lead nurturing"[25] and content creation.[26]

San Francisco-based IDG Ventures USA, founded in 1996, invested in operations based in North America (U.S.), South Asia (India), Southeast Asia (Vietnam), and East Asia (China and South Korea).[27] Shortly thereafter it became Ridge Ventures.[28][29] IDG Ventures is an international network of venture capital funds with approximately $3.6 billion under management, and over 220 companies formed over the last 17 years. The IDG Ventures network comprises five independent partnerships managing funds in the regions above. Each partnership makes investments on behalf of its limited partners, including IDG.[30]

References

  1. ^ https://www.idc.com/about
  2. ^ a b c Glenn Rifkin (April 21, 1997). "At International Data Group, Diversification Strategy Is Key". The New York Times.
  3. ^ "Future Forward - Leadership Lessons from Patrick McGovern". FutureForward. Retrieved .
  4. ^ a b PRNewswire (March 30, 2017). "China Oceanwide Completes Acquisition of IDG". idg.com. IDG. Archived from the original on 2017-11-06. Retrieved 2017.
  5. ^ and spinoff Network World
  6. ^ IDG. "Our Brands". Retrieved 2020.
  7. ^ Egan, Matt (November 21, 2019). "IDG Editorial: Unprecedented Quality at Scale". IDG.com. Retrieved 2020.
  8. ^ a b "International Data Group, Inc. History". Funding Universe. Funding Universe. 1999. Retrieved 2014.
  9. ^ a b ""For Dummies" titles". New York Times. September 24, 2006.
  10. ^ "For Dummies". The New York Times. August 13, 2001.
  11. ^ Griffin, Marie (December 16, 2010). "IDG Introduces The Nanosite: A Microsite Contained Within An Ad Unit". AdAge. Retrieved 2020.
  12. ^ a b Seave, Ava. "Tech Publisher IDG Transforming Itself From Within As It Braces For Sale Or Breakup". forbes.com. Forbes, Inc. Archived from the original on 2016-12-21. Retrieved 2016.
  13. ^ Carew, Rick (January 19, 2017). "China Oceanwide Consortium Clinches Deal to Buy International Data Group". wsj.com. The Wall Street Journal. Archived from the original on 2017-01-21. Retrieved 2017. ...one of the first global venture capital investors in China.
  14. ^ Gross, Grant (2017-03-29). "China Oceanwide completes its purchase of IDG". PC World. Retrieved .
  15. ^ "The Register on Twitter". Twitter. Retrieved .
  16. ^ https://www.techfunnel.com/hr-tech/mohamad-ali-ceo-international-data-group/
  17. ^ "Wayback Machine - https://www.javaworld.com".
  18. ^ a b c "Elizabeth Heichler". approximately 300 ... editor in chief of the IDG News Service, based in Boston
  19. ^ a b John Tighe (June 8, 1988). "Hardcopy, Technical Magazine for Users of Digital, Is Sold by Seldin Publishing". The Los Angeles Times.
  20. ^ "formerly DEC Professional". Digital Age. Cardinal Business Media. April 1997.
  21. ^ #280 in 1997
  22. ^ "Bureaus - IDG.com". IDG.com. IDG. Archived from the original on 2012-10-04. Retrieved 2012.
  23. ^ "IDG Connect lead generation". Archived from the original on 2011-07-06. Retrieved .
  24. ^ "iPad for Business Survey". Archived from the original on 2012-02-28. Retrieved .
  25. ^ "IDG Connect launches Ignite". Archived from the original on 2012-11-09. Retrieved .
  26. ^ "SonicWALL research". Archived from the original on 2012-04-01. Retrieved .
  27. ^ "IDG Ventures: Private Company Information". bloomberg.com. Archived from the original on 2018-11-08. Retrieved . ... invests in the United States, Vietnam, India, and China. IDG Ventures was founded in 1996 ... based in San Francisco
  28. ^ "Ridge Ventures (Formerly known as IDG Ventures USA)". Archived from the original on 2018-11-08. Retrieved . Ridge Ventures (Formerly known as IDG Ventures USA) ... Jan 1, 1997
  29. ^ "Ridge Ventures". Archived from the original on 2018-11-08. Retrieved . Ridge Ventures, formerly IDG Ventures USA
  30. ^ "IDG Ventures". IDG Ventures. 2012. Archived from the original on 2013-03-09. Retrieved . Working with great entrepreneurs to build world class companies

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