Hey, there! Log in / Register
Global publishing and consulting company in Framingham could be up for sale
By adamg on Thu, 01/07/2016 - 7:45pm
Former IDG exec Colin Crawford reports that IDG has retained Goldman Sachs as a prelude to selling itself off - ideally in one piece.
The company, which Pat McGovern founded above a Newton pizza place in 1964 after raising funds by selling his car - runs scores of Web sites and print publications around the world on high-tech topics, as well as a technology consulting firm. At one point, the company started up Computerworld Antarctica so it could boast of having publications on all seven continents.
IDG has a small headquarters in the Back Bay, with the bulk of its US operations located in offices in Framingham.
McGovern died in 2014.
Ed. note: I have a bit of a personal stake in this since I still have IDG ESOP shares from my days there.
Neighborhoods:
Free tagging:
Ad:
Support Universal Hub
Help keep Universal Hub going. If you like what we're up to and want to help out, please consider a (completely non-deductible) contribution.
Comments
Hoping for the best...
...for my friends who work there. Remember McGovern's rainbow notes?
And how he visited every
And how he visited every single person at Christmas time to personally hand them a cash bonus!
Yep!
I was only slightly disillusioned when I became a manager and learned I had to write up a conversation starter for all of my folks - he seemed like the kind of guy who actually would just know everything. Also, the ten-year dinners at the Four Seasons.
Yeah, you could see from the
Yeah, you could see from the posse following him that he was being briefed about each person and yet he had such an honest charm about him. And even though he was scripted, he didn't have to hand deliver. If it was simply for show, I fell for it and still think fondly of him.
And the Christmas parties
My wife always made a point of going up to him and talking to him.