International Data Group
|International Data Corporation|
Newtonville, Massachusetts, U.S.
|Founders||Patrick Joseph McGovern|
|Owner||China Oceanwide Holdings Group|
International Data Group, Inc. (IDG) is a Massachusetts registered and headquartered media, events and research company focused on the tech landscape. Founded in 1964 by Patrick Joseph McGovern in Newtonville, Massachusetts, the organization is made up of International Data Corporation (IDC) and IDG Communications, which includes the CIO, Computerworld, PCWorld, Macworld, InfoWorld, and JavaWorld brands. Serving technology decision-makers and enthusiasts in 147 countries, IDG was bought by China Oceanwide in 2017 while maintaining U.S. based leadership.
On August 1, 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.
IDG's former subsidiary IDG World Expo produced large-scale events, such as conventions. They were typically conventions for technology businesses. IDG World Expo ran E for All, Macworld Conference & Expo, and LinuxWorld Conference and Expo. (This business unit is no longer active.)
IDG also has its own international news agency, IDG News Service. It is headquartered in Boston and has bureaus in cities such as New York, Beijing, Amsterdam and Brussels. It provides news, images, video and other editorial content to IDG's web sites and print publications worldwide.
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. The series is now published by John Wiley & Sons. IDG Books/Hungry Minds — as IDG Books was briefly renamed before being sold to Wiley in 2001—no longer exists as a separate company.
Death of founder and sale
In 2014, the founder and then-owner died, leaving the corporation to the McGovern Foundation, a family corporation.
In 2016, the corporation retained Goldman Sachs to explore a possible sale. On January 19, 2017, the Wall Street Journal reported that China Oceanwide Holdings Group was, as part of a Chinese consortium, acquiring International Data Group Inc., at the time known for IDG Ventures. Also at the time, International Data Group published publications such as Computerworld magazine, and according to the Journal, was "one of the first global venture capital investors in China." On March 29, 2017, China Oceanwide Holdings Group announced the close of the acquisition of International Data Group, Inc. (“IDG”).
IDG Editorial layoffs
On May 16, 2017, while no public announcement was made several social media posts from both writers and editors across IDG's editorial division indicated that widespread layoffs had occurred. The exact number is not known, but it is believed to be as many as 90, with claims that the layoffs most often affected senior editorial management and senior writers across all of IDG's consumer and enterprise publications. The layoffs appear to be larger than a previous round of layoffs in 2014 after IDG attempted to regroup following McGovern's passing.
IDG Connect, a division of International Data Group (IDG), produces, publishes and distributes local IT and business information. Founded in 2006, it has offices in Framingham, Massachusetts, and Staines, Middlesex, U.K., and offers lead generation, research, video, mobile apps, "lead nurturing" and content creation.
The IDG Ventures network comprises five independent partnerships managing funds in North America and Asia. Each partnership makes investments on behalf of its limited partners, including IDG.
As of 2013, there are five countries with IDG funds: China, Vietnam, India, Korea, and the United States (San Francisco).
IDG global brands
Originally, International Data Corporation was founded by Patrick Joseph McGovern in Massachusetts, in 1964. At the outset, 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.
McGovern frequently described his having sold his old car for $5,000, to fund the startup of IDC.
By its third year, the company had an income of $154,996. A modest net profit of $2,961. 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.
- "Future Forward - Leadership Lessons from Patrick McGovern". FutureForward. Retrieved 2019-10-23.
- PRNewswire (March 30, 2017). "China Oceanwide Completes Acquisition of IDG". idg.com. IDG. Archived from the original on 2017-11-06. Retrieved June 27, 2017.
- "Bureaus - IDG.com". IDG.com. IDG. Archived from the original on 2012-10-04. Retrieved 12 November 2012.
- "Sohu.com Technology" (in Chinese). November 21, 2005. Archived from the original on 2006-09-27. Retrieved March 1, 2007.
- ""For Dummies" titles". NYTimes.com. September 24, 2006.
- "For Dummies". The New York Times. August 13, 2001.
- 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 December 11, 2016.
- 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 January 22, 2017.
...one of the first global venture capital investors in China.
- "The Register on Twitter". Twitter. Retrieved 2017-05-17.
- "IDG Connect lead generation". Archived from the original on 2011-07-06. Retrieved 2011-09-25.
- "iPad for Business Survey". Archived from the original on 2012-02-28. Retrieved 2012-07-09.
- "IDG Connect launches Ignite". Archived from the original on 2012-11-09. Retrieved 2012-07-09.
- "SonicWALL research". Archived from the original on 2012-04-01. Retrieved 2011-09-25.
- "IDG Ventures: Private Company Information". bloomberg.com. Archived from the original on 2018-11-08. Retrieved 2018-11-08.
... invests in the United States, Vietnam, India, and China. IDG Ventures was founded in 1996 ... based in San Francisco
- "Ridge Ventures (Formerly known as IDG Ventures USA)". Archived from the original on 2018-11-08. Retrieved 2018-11-08.
Ridge Ventures (Formerly known as IDG Ventures USA) ... Jan 1, 1997
- "Ridge Ventures". Archived from the original on 2018-11-08. Retrieved 2018-11-08.
Ridge Ventures, formerly IDG Ventures USA
- "IDG Ventures". IDG Ventures. 2012. Archived from the original on 2013-03-09. Retrieved 2013-01-31.
Working with great entrepreneurs to build world class companies
- O'Connell, Michael. "IDG to launch JavaWorld on World Wide Web - SunWorld - February 1996". sunsite.uakom.sk. Archived from the original on 2017-02-14. Retrieved 15 November 2016.
- "International Data Group, Inc. History". Funding Universe. Funding Universe. 1999. Retrieved 21 April 2014.
- "China Oceanwide Completes Acquisition of IDG". www.prnewswire.com (Press release). China Oceanwide. Retrieved 2017-07-10.
- Gross, Grant (2017-03-29). "China Oceanwide completes its purchase of IDG". PC World. Retrieved 2019-06-11.