International Data Corporation
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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.
|Subsidiary of IDG|
|Headquarters||Framingham, Massachusetts, USA|
|Crawford Del Prete (President)|
|Products||Market intelligence, advisory services, events|
Number of employees
|Parent||China Oceanwide Holdings Group|
IDC 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.
Subsequently, failing to wrest control of "Computers and Automation" magazine from his friend and mentor, Ed Berkeley, he left Berkeley and founded "PC World".
- "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.