IDG to be Acquired for $1.3 billion

US-based media, events and research company International Data Group (IDG) is to be acquired by investment firm Blackstone for $1.3 billion.

Founded in 1964, IDG provides proprietary insights and data for tech suppliers and buyers. The group's research, data, advisory services and events arm comprises more than 1,100 analysts worldwide, providing global and local expertise on technology and industry trends in more than 110 countries. In addition, the IDG Communications division delivers editorial and content to technology decision-makers. The group and its subsidiaries have made multiple recent acquisitions, including that of proprietary purchase intent engine Triblio a year ago.

Previously owned by Oriental Rainbow, a subsidiary of China Oceanwide Holdings Group, IDG says its new ownership will enable it to invest in additional growth and acquisition opportunities. Mohamad Ali (pictured), CEO of IDG, explains: 'Additional capital investment from Blackstone will allow us to cultivate our rich history of innovation and accelerate our product roadmaps to bring our customers the deeper insights and data they need to succeed in today's rapidly evolving digital economy'.

Web site: www.idg.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.