International Data Group

Last updated
International Data Group
Formerly
International Data Corporation
Private
IndustryMedia Technology
Founded1964;55 years ago (1964)
Newtonville, Massachusetts, U.S.
Founders Patrick Joseph McGovern
Headquarters
Boston, Massachusetts
,
U.S.
Area served
Worldwide
Owner China Oceanwide Holdings Group
Website www.idg.com

International Data Group, Inc. (IDG) is a Chinese-owned [1] 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, Macworld, InfoWorld, and JavaWorld. IDG produces these and its other publications on a national level in each country.

China Country in East Asia

China, officially the People's Republic of China (PRC), is a country in East Asia and the world's most populous country, with a population of around 1.404 billion. Covering approximately 9,600,000 square kilometers (3,700,000 sq mi), it is the fourth largest country by total area. Governed by the Communist Party of China, the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities, and the special administrative regions of Hong Kong and Macau.

International Data Corporation

International Data Corporation (IDC) is an American provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), a media, data and marketing services company.

Newtonville, Massachusetts village in Massachusetts

Newtonville is a village of Newton, Massachusetts.

Contents

Business

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 (This business unit is no longer active.)

LinuxWorld Conference and Expo

LinuxWorld Conference and Expo was a conference and trade show that focused on open source and Linux solutions in the information technology sector. It ran from 1998 to 2009, in venues around the world.

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]

Established in November 2002, BlogCN is the first free blog hosting service provider in China. Based in the eastern city of Hangzhou, BlogCN has built the world's largest Chinese blog community, blog hosting service, and blog search engine. The Internet portal offers free blog space, but began to charge for value-added services, including mobile phone features, in 2005. BlogCN simultaneously introduced a virtual coin system to purchase such services. The total value of BlogCN is estimated at US$10,000,000. 70-80% of its revenue comes from advertising. The website is supported by Web 2.0 software.

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. [4] The series is now published by John Wiley & Sons. [5] IDG Books/Hungry Minds — as IDG Books was briefly renamed before being sold to Wiley in 2001—no longer exists as a separate company. [4]

Self-help or self-improvement is a self-guided improvement—economically, intellectually, or emotionally—often with a substantial psychological basis. Many different self-help group programs exist, each with its own focus, techniques, associated beliefs, proponents and in some cases, leaders. Concepts and terms originating in self-help culture and Twelve-Step culture, such as recovery, dysfunctional families, and codependency have become firmly integrated in mainstream language.

A computer is a machine that can be instructed to carry out sequences of arithmetic or logical operations automatically via computer programming. Modern computers have the ability to follow generalized sets of operations, called programs. These programs enable computers to perform an extremely wide range of tasks. A "complete" computer including the hardware, the operating system, and peripheral equipment required and used for "full" operation can be referred to as a computer system. This term may as well be used for a group of computers that are connected and work together, in particular a computer network or computer cluster.

Death of founder and sale

In 2014, the founder and then-owner died, leaving the corporation to the McGovern Foundation, a family corporation. [6]

In 2016, the corporation retained Goldman Sachs to explore a possible sale. [6] 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." [7] On March 29, 2017, China Oceanwide Holdings Group announced the close of the acquisition of International Data Group, Inc. (“IDG”). [1]

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

Businesses

IDG Connect

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, [9] research, [10] video, mobile apps, "lead nurturing" [11] and content creation. [12]

IDG Ventures

San Francisco-based IDG Ventures USA, founded in 1966, invested in USA-based and South-East Asian-based operations. [13] Shortly thereafter it became Ridge Ventures. [14] [15]

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. [16]

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

IDG global brands

Related Research Articles

<i>Macworld</i> web site and monthly computer magazine dedicated to products and software from Apple

Macworld is a web site dedicated to products and software of Apple Inc., published by Mac Publishing, which is headquartered in San Francisco, California. It started life as a print magazine in 1984 and had the largest audited circulation of Macintosh-focused magazines in North America, more than double its nearest competitor, MacLife. Macworld was founded by David Bunnell (publisher) and Andrew Fluegelman (editor). It was the oldest Macintosh magazine still in publication, until September 10, 2014, when IDG, its parent company, announced it was discontinuing the print edition and laid off most of the staff, while continuing an online version.

Produced by Boston-based IDG World Expo, Macworld/iWorld is a trade show with conference tracks dedicated to the Apple Macintosh platform. It was held annually in the United States during January. Originally Macworld Expo and then Macworld Conference & Exposition, the gathering dates back to 1985.

Mac Publishing is a publishing company based in San Francisco, California, and is wholly owned by the International Data Group. It is the publisher of Macworld magazine and numerous web sites, including Macworld.com and MacOSXHints.com.

<i>Computerworld</i> IT-related magazine

Computerworld is an ongoing decades old professional publication which in 2014 "went digital." Its audience is information technology (IT) and business technology professionals, and is available via a publication website and as a digital magazine.


Macworld Australia was the Australian version of Macworld brand and magazine, carrying a combination of licensed content from the US and UK publications. It was the longest running Apple magazine outside the USA: running from 1985 to 2018.

Patrick Joseph McGovern Billionaire businessman and entrepreneur

Patrick Joseph McGovern, Jr. was an American businessman, known for being chairman and co-founder of International Data Group (IDG), a company that includes subsidiaries in technology publishing, research, event management and venture capital.

Entertainment for All

Entertainment for All Expo or E for All was a public video game trade show, created to allow the general public to see and experience new products from the video game industry. The inaugural E for All Expo was open October 18 to October 21, 2007, at the Los Angeles Convention Center. The Second E For All Convention took place from October 3 through October 5, 2008 at the Los Angeles Convention Center.

Flybridge Capital Partners is an early stage venture capital firm with offices in Boston and New York City.

IDG Ventures is a global family of venture funds with approximately $3.6 billion under management. All of the funds were originally sole-source-funded by International Data Group.

Jim Breyer American venture capitalist

James W. Breyer is an American venture capitalist, founder and CEO of Breyer Capital, an investment and venture philanthropy firm, and a partner at Accel Partners, a venture capital firm. Breyer has invested in over 40 companies that have gone public or completed a merger, with some of these investments, including Facebook, earning over 100 times cost and many others over 25 times cost. On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.

MacKeeper utility software suite for Mac OS X

MacKeeper is utility software distributed by Kromtech Alliance. It is known for being heavily promoted through aggressive advertising and affiliate marketing. MacKeeper faced a class-action lawsuit because the company allegedly deceived users into paying for unneeded fixes. The lawsuit was settled in 2015 for US $2 million without any admission of guilt by the company.

Kinetica DB, Inc. is a company that develops a distributed, in-memory database management system using graphics processing units (GPUs). The software it markets is also called Kinetica. The company has headquarters in Arlington, Virginia and San Francisco.

Oceanwide Holdings

Oceanwide Holdings Co., Ltd. is a Chinese publicly traded conglomerate. It was a subsidiary of Tohigh Holding, via intermediate holding companies Oceanwide Group and China Oceanwide Holdings Group.

Ascend Group

Ascend Group is a privately owned e-commerce company headquartered in Bangkok, Thailand as a spin-off of True Corporation. It marked its $150-million expansion by launching their affiliates in the Philippines and Indonesia, Vietnam, and also hard to reach economies like Myanmar and Cambodia.

China Oceanwide Holdings Group Co., Ltd. known also as China Oceanwide is a Chinese privately owned investment company. It is the parent company of publicly traded company Oceanwide Holdings as well as the largest shareholder of another public company Minsheng Holding.

Robert "Bob" Carrigan is an American business executive. On February 12, 2018 he stepped down from Chairman and Chief Executive Officer of Dun & Bradstreet, the global leader in commercial data, analytics and insights for business, headquartered in Short Hills, a community in Millburn, New Jersey, US. He led the company as CEO beginning in October 2013, and was appointed Chairman in December 2016.

Dell EMC Data Domain is Dell EMC’s data deduplication storage system. Development began with the founding of Data Domain, and has continued since that company’s acquisition by EMC Corporation.

Founded in Boston in 1992, IDG Capital is an investment firm that specializes in venture capital, private equity, and mergers & acquisitions. The firm currently manages approximately $20 billion of assets and has offices in fifteen cities around the world, including New York, London, Beijing, Guangzhou, Hangzhou, Hong Kong, Macau, Shanghai, Shenzhen, Seoul, Hanoi and Ho Chi Minh City.

References

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  3. "Sohu.com Technology" (in Chinese). November 21, 2005. Archived from the original on 2006-09-27. Retrieved March 1, 2007.
  4. 1 2 ""For Dummies" titles". NYTimes.com. September 24, 2006.
  5. "For Dummies". The New York Times . August 13, 2001.
  6. 1 2 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.
  7. 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.
  8. "The Register on Twitter". Twitter. Retrieved 2017-05-17.
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  13. "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
  14. "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
  15. "Ridge Ventures". Archived from the original on 2018-11-08. Retrieved 2018-11-08. Ridge Ventures, formerly IDG Ventures USA
  16. "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
  17. 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.