International Data Group

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International Data Group
Formerly
International Data Corporation
Private
IndustryMedia Technology
Founded1964; 54 years ago (1964)
Newtonville, Massachusetts, U.S.
FoundersPatrick Joseph McGovern
HeadquartersBoston, Massachusetts, U.S.
Area served
Worldwide
OwnerChina Oceanwide Holdings Group
Websitewww.idg.com

International Data Group, Inc. (IDG) is a Chinese-owned,[1] American-based media, data and marketing services and venture capital organization. IDG evolved from International Data Corporation (IDC) which was founded in 1964 in Newtonville, Massachusetts, by Patrick Joseph McGovern. IDC provides market research and advisory services and is now a subsidiary of IDG.

IDG operates in 97 countries and is headquartered in Boston. IDG's brands include CIO, Computerworld, PCWorld and Macworld. IDG produces these and its other publications on a national level in each country.

Business[edit]

IDG's subsidiary IDG World Expo produces large-scale events, such as conventions. These are typically conventions for technology businesses. IDG World Expo runs E for All, Macworld Conference & Expo, and LinuxWorld Conference and Expo.

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[2] and Brussels. It provides news, images, video and other editorial content to IDG's web sites and print publications worldwide.

In 2005, several investors, including IDG, attempted to purchase BlogCN.[3]

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[edit]

In 2014, the founder and then-owner died, leaving the corporation to the McGovern Foundation, a family corporation.[4]

In 2016, the corporation retained Goldman Sachs to explore a possible sale.[4] 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."[5] On March 29, 2017, China Oceanwide Holdings Group announced the close of the acquisition of International Data Group, Inc. (“IDG”).[1]

IDG Editorial layoffs[edit]

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,[6] with claims that the layoffs most often affected senior editorial management and senior writers across all of IDG's consumer and enterprise publications.[7] The layoffs appear to be larger than a previous round of layoffs in 2014 after IDG attempted to regroup following McGovern's passing.

Businesses[edit]

IDG Connect[edit]

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,[8] research,[9] video, mobile apps, "lead nurturing"[10] and content creation.[11]

IDG Ventures[edit]

San Francicso-based IDG Ventures USA, founded in 1966, invested in USA-based and South-East Asian-based operations. [12] Shortly thereafter it became Ridge Ventures.[13][14]

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 North America and Asia. Each partnership makes investments on behalf of its limited partners, including IDG.[15]

As of 2013, there are five countries with IDG funds: China, Vietnam, India, Korea, and the United States (San Francisco).

IDG Global Brands[edit]

References[edit]

  1. ^ a b PRNewswire (March 30, 2017). "China Oceanwide Completes Acquisition of IDG". idg.com. IDG. Retrieved June 27, 2017.
  2. ^ "Bureaus - IDG.com". IDG.com. IDG. Retrieved 12 November 2012.
  3. ^ "Sohu.com Technology" (in Chinese). November 21, 2005. Retrieved March 1, 2007.
  4. ^ a b Seave, Ava. "Tech Publisher IDG Transforming Itself From Within As It Braces For Sale Or Breakup". forbes.com. Forbes, Inc. Retrieved December 11, 2016.
  5. ^ Carew, Rick (January 19, 2017). "China Oceanwide Consortium Clinches Deal to Buy International Data Group". wsj.com. The Wall Street Journal. Retrieved January 22, 2017. ...one of the first global venture capital investors in China.
  6. ^ "The Register on Twitter". Twitter. Retrieved 2017-05-17.
  7. ^ "Massive Layoffs at IDG this week - post regarding International Data Group layoffs". www.thelayoff.com. Retrieved 2017-05-17.
  8. ^ "IDG Connect lead generation".
  9. ^ "iPad for Business Survey".
  10. ^ "IDG Connect launches Ignite".
  11. ^ "SonicWALL research".
  12. ^ "IDG Ventures: Private Company Information". bloomberg.com. ... invests in the United States, Vietnam, India, and China. IDG Ventures was founded in 1996 .. based in San Francisco
  13. ^ "Ridge Ventures (Formerly known as IDG Ventures USA)". Ridge Ventures (Formerly known as IDG Ventures USA) ... Jan 1, 1997
  14. ^ "Ridge Ventures". Ridge Ventures, formerly IDG Ventures USA
  15. ^ "IDG Ventures". IDG Ventures. 2012. Retrieved 2013-01-31. Working with great entrepreneurs to build world class companies
  16. ^ O'Connell, Michael. "IDG to launch JavaWorld on World Wide Web - SunWorld - February 1996". sunsite.uakom.sk. Retrieved 15 November 2016.