International Data Group

  (Redirected from Network World)

International Data Group, Inc. (IDG)[1] is a Massachusetts registered and headquartered media, events and research company focused on the tech landscape.[2] Founded in 1964 , it is made up of International Data Corporation (IDC) and IDG Communications; the latter includes CIO magazine, Computerworld,[3] PCWorld, Macworld, InfoWorld, and JavaWorld.

International Data Group
Formerly
International Data Corporation
Private
IndustryMedia Technology
Founded1964; 56 years ago (1964)
Newtonville, Massachusetts, U.S.
FoundersPatrick Joseph McGovern
Headquarters,
U.S.
Area served
Worldwide
OwnerChina Oceanwide Holdings Group
Websitewww.idg.com

IDG was bought by China Oceanwide in 2017 while maintaining U.S. based leadership.[4]

HistoryEdit

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.[5] 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.[5] 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.[6] The series is now published by John Wiley & Sons.[7] 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.[6] In 2010, IDG introduced the "Nanosite", an advertising tool designed as an alternative to a microsite.[8]

Following McGovern's death in March 2014, ownership of the corporation passed to the McGovern Foundation, with several layoffs occurring as a result.[9] In January 2017, following IDG's announcement that it was searching for a buyer, it was acquired by China Oceanwide Holdings Group.[9][4][10][11] Later that year a second round of layoffs occurred, including up to ninety editors and writers from IDG's consumer and enterprise publications.[12] 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.[13]

Digital News as an exampleEdit

Digital News is no longer one of their hundreds [14] 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.[15] (stylized HARDCOPY) Back then, IDG competitor Ziff Davis published "a third DEC-users journal, Boston-based Digital Review."[15] The DEC Professional was the fourth player.[16]

In 1997, The New York Times referred to IDG as "the No. 2 producer of technology publications, after Ziff-Davis Publishing."[1] As of 2020, DEC is long gone, as are these DEC-focused publications.

BusinessesEdit

IDG has "approximately[1][17] 300 technology publications worldwide" and its own international news agency, IDG News Service,[14] headquartered in Boston.[14][18]

IDG Connect 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,[19] research,[20] video, mobile apps, "lead nurturing"[21] and content creation.[22]

San Francisco-based IDG Ventures USA, founded in 1996, invested in USA-based and South-East Asian-based operations.[23] Shortly thereafter it became Ridge Ventures.[24][25] 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.[26] As of 2013, there are five countries with IDG funds: China, Vietnam, India, Korea, and the United States (San Francisco).

ReferencesEdit

  1. ^ a b c Glenn Rifkin (April 21, 1997). "At International Data Group, Diversification Strategy Is Key". The New York Times.
  2. ^ "Future Forward - Leadership Lessons from Patrick McGovern". FutureForward. Retrieved 2019-10-23.
  3. ^ and spinoff Network World
  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 June 27, 2017.
  5. ^ a b "International Data Group, Inc. History". Funding Universe. Funding Universe. 1999. Retrieved 21 April 2014.
  6. ^ a b ""For Dummies" titles". New York Times. September 24, 2006.
  7. ^ "For Dummies". The New York Times. August 13, 2001.
  8. ^ Griffin, Marie (December 16, 2010). "IDG Introduces The Nanosite: A Microsite Contained Within An Ad Unit". AdAge. Retrieved August 7, 2020.
  9. ^ 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 December 11, 2016.
  10. ^ 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.
  11. ^ Gross, Grant (2017-03-29). "China Oceanwide completes its purchase of IDG". PC World. Retrieved 2019-06-11.
  12. ^ "The Register on Twitter". Twitter. Retrieved 2017-05-17.
  13. ^ https://www.techfunnel.com/hr-tech/mohamad-ali-ceo-international-data-group/
  14. ^ a b c "Elizabeth Heichler". approximately 300 ... editor in chief of the IDG News Service, based in Boston
  15. ^ a b John Tighe (June 8, 1988). "Hardcopy, Technical Magazine for Users of Digital, Is Sold by Seldin Publishing". The Los Angeles Times.
  16. ^ "formerly DEC Professional". Digital Age. Cardinal Business Media. April 1997.
  17. ^ #280 in 1997
  18. ^ with bureaus in cities such as New York, Beijing, Amsterdam and Brussels. {cite web |title=Bureaus - IDG.com |url=http://www.idg.com/www/home.nsf/docs/bureaus#Amsterdam%20Bureau |work=IDG.com |publisher=IDG |accessdate=12 November 2012 |archive-url=https://web.archive.org/web/20121004023411/http://idg.com/www/home.nsf/docs/bureaus#Amsterdam%20Bureau#Amsterdam%20Bureau |archive-date=2012-10-04 |url-status=live}}
  19. ^ "IDG Connect lead generation". Archived from the original on 2011-07-06. Retrieved 2011-09-25.
  20. ^ "iPad for Business Survey". Archived from the original on 2012-02-28. Retrieved 2012-07-09.
  21. ^ "IDG Connect launches Ignite". Archived from the original on 2012-11-09. Retrieved 2012-07-09.
  22. ^ "SonicWALL research". Archived from the original on 2012-04-01. Retrieved 2011-09-25.
  23. ^ "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
  24. ^ "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
  25. ^ "Ridge Ventures". Archived from the original on 2018-11-08. Retrieved 2018-11-08. Ridge Ventures, formerly IDG Ventures USA
  26. ^ "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