The story
International Data Corporation was founded in 1964 by Patrick Joseph McGovern in Massachusetts. The company initially provided research and data on the emerging computer industry, including information on computer installations and technology markets. In 1967, McGovern launched Computerworld, a weekly newspaper for the computer industry, three years after founding IDC.
IDC and Computerworld became the foundation of International Data Group, which expanded into market research, publishing, events, and related businesses. International Data Group later owned technology publications and events including InfoWorld, Macworld, PC World, CIO, and the DEMO Conference.
After McGovern's death in 2014, ownership of International Data Group was transferred to the McGovern estate for the benefit of the Patrick J. McGovern Foundation. China Oceanwide Holdings Group acquired a majority stake in International Data Group in 2017. In 2021, Blackstone Inc. acquired International Data Group from China Oceanwide for $1.3 billion.
In 2022, IDG Communications, the company's media and marketing services business, was rebranded as Foundry. International Data Group sold Foundry to Regent LP in March 2025. After the sale, IDC stated that International Data Group had simplified its operations to focus on the IDC brand.
From Wikipedia’s article on International Data Corporation, shared under CC BY-SA 4.0.4