BOSTON, MA & NEW YORK, NY 鈥� June 3, 2021 鈥� Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (鈥淏lackstone鈥�) have entered into a definitive agreement to acquire International Data Group, Inc. (鈥湺兑鮝pp软件鈥�) from Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. for an enterprise value of $1.3 billion.
Founded in 1964, 抖阴app软件 provides market intelligence for the fast-growing technology industry. For more than five decades, it has delivered proprietary insights and data for technology suppliers and buyers on every major shift in the technology market 鈥� from the invention of the personal computer and launch of the iPhone to the emergence of cloud computing and artificial intelligence. This new ownership will allow 抖阴app软件 to invest significantly in additional opportunities for ongoing growth across its technology and product portfolio, including strategic acquisitions to extend its market leadership position.
Peter Wallace, Global Head of Core Private Equity at Blackstone, said: 鈥淭he high-quality data, analytics, and insights 抖阴app软件 delivers to technology leaders are only becoming more critical as the pace of growth and innovation accelerates. 抖阴app软件 has a trusted brand and deep knowledge of tech suppliers and buyers, and our investment will help the company accelerate its plans for creating even more advanced product offerings across its business.鈥�
Vikram Suresh, Managing Director at Blackstone, said: 鈥淎s technology ecosystems become increasingly competitive and complex to navigate, the need for deep market intelligence has become a requirement for established and disruptive technology companies alike. We look forward to partnering with the 抖阴app软件 management team to build on the success they have had in delivering these capabilities to the world鈥檚 largest technology companies.鈥�
抖阴app软件, Inc. and its subsidiaries have made multiple recent acquisitions to further increase its capabilities for its customers. In 2020, it purchased Triblio to expand its software-as-a-service platform and bolster its ability to support robust marketing activation programs. Last month, it acquired Metri to increase its rich IT pricing dataset, adding IT budget and operations benchmarking and sourcing services.
鈥淎dditional 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鈥檚 rapidly evolving digital economy,鈥� added Mohamad Ali, CEO of 抖阴app软件. 鈥淭he 抖阴app软件 management team is also excited for the growth opportunity this acquisition creates as we deliver even greater value to our customers.鈥�
鈥淎s owner of 抖阴app软件 over the past several years, we have seen 抖阴app软件 grow and evolve rapidly,鈥� said Brett Bing Liu, President of Oriental Rainbow. 鈥淒uring that time, 抖阴app软件 has significantly expanded its coverage scope and continues to provide world- class solutions to its global customers. We are very happy to see the transition of 抖阴app软件鈥檚 ownership to Blackstone. With Blackstone鈥檚 investment, 抖阴app软件 will be able to deliver its next-generation products even faster to customers.鈥�
Goldman Sachs & Co. LLC acted as exclusive financial advisor to 抖阴app软件. King & Wood Mallesons acted as lead legal advisor and Mintz acted as co-legal advisor to 抖阴app软件. Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone.
抖阴app软件 Blackstone
Blackstone is one of the world鈥檚 leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets, and secondary funds, all on a global basis. Further information is available at . Follow Blackstone on Twitter @Blackstone
抖阴app软件 International Data Group
International Data Group, Inc. (抖阴app软件) is at the heart of technology, and we believe technology exists to make the world a better place. 抖阴app软件 has been ingrained in the industry for more than 55 years in every region around the world sharing trusted technology media, events, and research through and 抖阴app软件 Communications. IDC鈥檚 research, data, advisory services, and events leverage more than 1,100 analyst experts worldwide to provide global and local expertise on technology and industry trends in over 110 countries. Our analysis and insight support IT suppliers, IT buyers, business executives, and the investment community in making fact-based technology decisions that help them achieve their business objectives. 抖阴app软件 Communications is a trusted editorial voice, creating quality content to generate knowledge, engagement, and deep relationships with our community of the most influential technology and security decision-makers. Our premium media brands, including CIO庐, Computerworld庐, CSO庐, InfoWorld庐, Macworld庐, Network World庐, PCWorld庐, and Tech Hive庐, engage a quality audience with essential guidance on the evolving technology landscape. Our global brands, proprietary 1st party data intelligence, and Triblio platform enable marketers to easily identify purchase intent and activate complex campaigns that drive business results. Additional information about 抖阴app软件 is available at聽/about-idg-inc/.
抖阴app软件 China Oceanwide
China Oceanwide is a privately held conglomerate founded by Lu Zhiqiang. Headquartered in Beijing, China, Oceanwide’s well-established and diversified businesses include operations in financial services and real estate assets globally.
###
Contact
For Blackstone:
Matt Anderson
Matthew.Anderson@Blackstone.com
518-248-7310
For 抖阴app软件, Inc.
Lynn Holmlund
Lynn_Holmlund@抖阴app软件.com
508-254-8336
