IDG to Be Bought by Chinese Investors; IDC to Spin Out HPC Group

By Tiffany Trader

January 19, 2017

US-based publishing and investment firm International Data Group, Inc. (IDG) will be acquired by a pair of Chinese investors, China Oceanwide Holdings Group Co., Ltd. and IDG Capital, the companies announced today (Thursday). The official announcement comes after months of speculation with Reuters reporting in November that the parties were in “advanced discussions.”

Tech analyst outfit International Data Corporation (IDC), a wholly-owned IDG subsidiary, is included in the deal but will go forth without its HPC group, which will find a new corporate home before the sale closes (details below).

The terms of the acquisition were not disclosed, but sources have estimated the sales price to be between $500 million to $1 billion. The stakeholders say they have received clearance from the Committee on Foreign Investment in the United States (“CFIUS”) for the transaction, which is expected to close within the first quarter of 2017.

Founded in 1964 by Pat McGovern, IDG is a prominent global media, market research and venture company; it operates in 97 countries around the world. McGovern, the long-time CEO, passed away in 2014.

“In an effort to carry on the legacy of late founder and chairman Pat McGovern, we have been focused on determining the optimal future balance between what’s best for IDG and Pat’s mission for the McGovern Foundation,” said Walter Boyd, chairman of IDG. “We believe China Oceanwide and IDG Capital will provide the right financial, strategic and cultural fit to take IDG to greater heights.”

China Oceanwide is a privately held, multi-billion dollar, international conglomerate founded by Chairman Zhiqiang Lu. Its operations span financial services, real estate assets, media, technology and strategic investment. The company has a global business force of 12,000.

IDG Capital is an independently operated investment management partnership, which cites IDG as one of many limited partners. It was formed in 1993 as China’s first technology venture investment firm. It operates in a wide swath of sectors, including Internet and wireless communications, consumer products, franchise services, new media, entertainment, education, healthcare and advanced manufacturing.

The Future of IDC’s HPC Team

Given IDC’s position as an analyst firm of record for the HPC community and organizer of the well-attended HPC User Forums, you may be wondering how IDG’s sale to Chinese interests will impact IDC’s HPC group, which deals with sensitive US information. Earl Joseph, IDC program vice president and executive director HPC User Forum, explained that to preserve the full scope of its business activities, IDC’s HPC group will be divested from IDC’s holdings prior to the completion of the sale.

“We want to let you know that we will be fully honoring all IDC HPC contracts and deliverables, and will continue our HPC operations as before,” Joseph shared in an email.

“Because the HPC group conducts sensitive business with governments, the group is being separated prior to the deal closing. It will be operated under new ownership that will be independent from the buyer of IDC to ensure that the group can continue to fully support government research requirements. The HPC group will continue to do business as usual, including research reports, client studies, and the HPC User Forums. After the deal closes, all research reports will be provided by the new HPC group at: www.hpcuserforum.com.”

The IDC HPC team also clarified that it will retain control of “all the IP on HPC, numbers, reports, etc.” and it “won’t be part of a non-US company.”

“We are being set up to be a healthy, growing concern,” said Joseph.

Until the IDC HPC group lines up a suitable buyer, it will remain part of IDG.

Subscribe to HPCwire's Weekly Update!

Be the most informed person in the room! Stay ahead of the tech trends with industy updates delivered to you every week!

Cerebras Doubles AI Performance with Second-Gen 7nm Wafer Scale Engine

April 20, 2021

Nearly two years since its massive 1.2 trillion transistor Wafer Scale Engine chip debuted at Hot Chips, Cerebras Systems is announcing its second-generation technology (WSE-2), which its says packs twice the performance Read more…

The New Scalability

April 20, 2021

HPC is all about scalability. The most powerful systems. The biggest data sets. The most cores, the most bytes, the most flops, the most bandwidth. HPC scales! Notwithstanding a few recurring arguments over the last twenty years about scaling up versus scaling out, the definition of scalability... Read more…

Supercomputer-Powered Climate Model Makes Startling Sea Level Rise Prediction

April 19, 2021

The climate science community is tasked with striking a difficult balance: inspiring precisely the amount of alarm commensurate to the climate crisis. Make estimates that are too conservative, and the public might not re Read more…

San Diego Supercomputer Center Opens ‘Expanse’ to Industry Users

April 15, 2021

When San Diego Supercomputer Center (SDSC) at the University of California San Diego was getting ready to deploy its flagship Expanse supercomputer for the large research community it supports, it also sought to optimize Read more…

GTC21: Dell Building Cloud Native Supercomputers at U Cambridge and Durham

April 14, 2021

In conjunction with GTC21, Dell Technologies today announced new supercomputers at universities across DiRAC (Distributed Research utilizing Advanced Computing) in the UK with plans to explore use of Nvidia BlueField DPU technology. The University of Cambridge will expand... Read more…

AWS Solution Channel

Research computing with RONIN on AWS

To allow more visibility into and management of Amazon Web Services (AWS) resources and expenses and minimize the cloud skills training required to operate these resources, AWS Partner RONIN created the RONIN research computing platform. Read more…

The Role and Potential of CPUs in Deep Learning

April 14, 2021

Deep learning (DL) applications have unique architectural characteristics and efficiency requirements. Hence, the choice of computing system has a profound impact on how large a piece of the DL pie a user can finally enj Read more…

Cerebras Doubles AI Performance with Second-Gen 7nm Wafer Scale Engine

April 20, 2021

Nearly two years since its massive 1.2 trillion transistor Wafer Scale Engine chip debuted at Hot Chips, Cerebras Systems is announcing its second-generation te Read more…

The New Scalability

April 20, 2021

HPC is all about scalability. The most powerful systems. The biggest data sets. The most cores, the most bytes, the most flops, the most bandwidth. HPC scales! Notwithstanding a few recurring arguments over the last twenty years about scaling up versus scaling out, the definition of scalability... Read more…

San Diego Supercomputer Center Opens ‘Expanse’ to Industry Users

April 15, 2021

When San Diego Supercomputer Center (SDSC) at the University of California San Diego was getting ready to deploy its flagship Expanse supercomputer for the larg Read more…

GTC21: Dell Building Cloud Native Supercomputers at U Cambridge and Durham

April 14, 2021

In conjunction with GTC21, Dell Technologies today announced new supercomputers at universities across DiRAC (Distributed Research utilizing Advanced Computing) in the UK with plans to explore use of Nvidia BlueField DPU technology. The University of Cambridge will expand... Read more…

The Role and Potential of CPUs in Deep Learning

April 14, 2021

Deep learning (DL) applications have unique architectural characteristics and efficiency requirements. Hence, the choice of computing system has a profound impa Read more…

GTC21: Nvidia Launches cuQuantum; Dips a Toe in Quantum Computing

April 13, 2021

Yesterday Nvidia officially dipped a toe into quantum computing with the launch of cuQuantum SDK, a development platform for simulating quantum circuits on GPU-accelerated systems. As Nvidia CEO Jensen Huang emphasized in his keynote, Nvidia doesn’t plan to build... Read more…

Nvidia Aims Clara Healthcare at Drug Discovery, Imaging via DGX

April 12, 2021

Nvidia Corp. continues to expand its Clara healthcare platform with the addition of computational drug discovery and medical imaging tools based on its DGX A100 platform, related InfiniBand networking and its AGX developer kit. The Clara partnerships announced during... Read more…

Nvidia Serves Up Its First Arm Datacenter CPU ‘Grace’ During Kitchen Keynote

April 12, 2021

Today at Nvidia’s annual spring GPU Technology Conference (GTC), held virtually once more due to the pandemic, the company unveiled its first ever Arm-based CPU, called Grace in honor of the famous American programmer Grace Hopper. The announcement of the new... Read more…

Julia Update: Adoption Keeps Climbing; Is It a Python Challenger?

January 13, 2021

The rapid adoption of Julia, the open source, high level programing language with roots at MIT, shows no sign of slowing according to data from Julialang.org. I Read more…

Intel Launches 10nm ‘Ice Lake’ Datacenter CPU with Up to 40 Cores

April 6, 2021

The wait is over. Today Intel officially launched its 10nm datacenter CPU, the third-generation Intel Xeon Scalable processor, codenamed Ice Lake. With up to 40 Read more…

CERN Is Betting Big on Exascale

April 1, 2021

The European Organization for Nuclear Research (CERN) involves 23 countries, 15,000 researchers, billions of dollars a year, and the biggest machine in the worl Read more…

Programming the Soon-to-Be World’s Fastest Supercomputer, Frontier

January 5, 2021

What’s it like designing an app for the world’s fastest supercomputer, set to come online in the United States in 2021? The University of Delaware’s Sunita Chandrasekaran is leading an elite international team in just that task. Chandrasekaran, assistant professor of computer and information sciences, recently was named... Read more…

HPE Launches Storage Line Loaded with IBM’s Spectrum Scale File System

April 6, 2021

HPE today launched a new family of storage solutions bundled with IBM’s Spectrum Scale Erasure Code Edition parallel file system (description below) and featu Read more…

10nm, 7nm, 5nm…. Should the Chip Nanometer Metric Be Replaced?

June 1, 2020

The biggest cool factor in server chips is the nanometer. AMD beating Intel to a CPU built on a 7nm process node* – with 5nm and 3nm on the way – has been i Read more…

Saudi Aramco Unveils Dammam 7, Its New Top Ten Supercomputer

January 21, 2021

By revenue, oil and gas giant Saudi Aramco is one of the largest companies in the world, and it has historically employed commensurate amounts of supercomputing Read more…

Quantum Computer Start-up IonQ Plans IPO via SPAC

March 8, 2021

IonQ, a Maryland-based quantum computing start-up working with ion trap technology, plans to go public via a Special Purpose Acquisition Company (SPAC) merger a Read more…

Leading Solution Providers

Contributors

Can Deep Learning Replace Numerical Weather Prediction?

March 3, 2021

Numerical weather prediction (NWP) is a mainstay of supercomputing. Some of the first applications of the first supercomputers dealt with climate modeling, and Read more…

Livermore’s El Capitan Supercomputer to Debut HPE ‘Rabbit’ Near Node Local Storage

February 18, 2021

A near node local storage innovation called Rabbit factored heavily into Lawrence Livermore National Laboratory’s decision to select Cray’s proposal for its CORAL-2 machine, the lab’s first exascale-class supercomputer, El Capitan. Details of this new storage technology were revealed... Read more…

New Deep Learning Algorithm Solves Rubik’s Cube

July 25, 2018

Solving (and attempting to solve) Rubik’s Cube has delighted millions of puzzle lovers since 1974 when the cube was invented by Hungarian sculptor and archite Read more…

African Supercomputing Center Inaugurates ‘Toubkal,’ Most Powerful Supercomputer on the Continent

February 25, 2021

Historically, Africa hasn’t exactly been synonymous with supercomputing. There are only a handful of supercomputers on the continent, with few ranking on the Read more…

AMD Launches Epyc ‘Milan’ with 19 SKUs for HPC, Enterprise and Hyperscale

March 15, 2021

At a virtual launch event held today (Monday), AMD revealed its third-generation Epyc “Milan” CPU lineup: a set of 19 SKUs -- including the flagship 64-core, 280-watt 7763 part --  aimed at HPC, enterprise and cloud workloads. Notably, the third-gen Epyc Milan chips achieve 19 percent... Read more…

The History of Supercomputing vs. COVID-19

March 9, 2021

The COVID-19 pandemic poses a greater challenge to the high-performance computing community than any before. HPCwire's coverage of the supercomputing response t Read more…

HPE Names Justin Hotard New HPC Chief as Pete Ungaro Departs

March 2, 2021

HPE CEO Antonio Neri announced today (March 2, 2021) the appointment of Justin Hotard as general manager of HPC, mission critical solutions and labs, effective Read more…

GTC21: Nvidia Launches cuQuantum; Dips a Toe in Quantum Computing

April 13, 2021

Yesterday Nvidia officially dipped a toe into quantum computing with the launch of cuQuantum SDK, a development platform for simulating quantum circuits on GPU-accelerated systems. As Nvidia CEO Jensen Huang emphasized in his keynote, Nvidia doesn’t plan to build... Read more…

  • arrow
  • Click Here for More Headlines
  • arrow
HPCwire