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IDC
INVESTMENTS PRODUCE STRONG GROWTH IN 2005
AND CONTINUED EXPANSION IN 2006
March 8, 2006
TORONTO, Canada, March
8, 2006 – IDC's
strategic research investments in 2005 produced
strong results for the year and are expected
to drive continued growth in 2006.
The investments focused on expanding IDC's
geographic and vertical industry coverage,
adding new products and analysts, and developing
new primary research efforts. The results included
solid growth for all of IDC's major product
lines and double-digit revenue gains.
"IDC Canada is increasing our level of
investment in research analysts, consultants
and survey instruments," says Vito Mabrucco,
IDC Canada's Managing Director.
"We are proud of our ability to provide
increasingly relevant research and consulting
services to our customers and in turn they
continue to provide IDC Canada with higher
levels of commitment."
At the center of IDC's strategic plan is a
$35 million investment to expand its industry-specific
research and advisory business through the
creation of new Insights companies and enhancements
to its Vertical Views research. IDC's Insights
businesses are designed to provide focused
industry coverage, deep exploration of industry-specific
business issues, and analysis of how IT is
used within these industries. Financial Insights
was once again in 2005 the fastest growing
technology research advisory business serving
financial services industry executives. IDC
launched three new Insights businesses in 2005
- Manufacturing Insights, Energy Insights,
and Health Industry Insights - which are providing
industry executives with specific advisory
services targeted to their needs.
To deliver its enhanced products and services,
IDC hired more than 75 new research employees
in 2005, bringing the total size of its global
research staff to more than 850. IDC plans
to increase its investments in its unparalleled
analytical and advisory resources by adding
100 new research employees in 2006. With more
than half of its research analysts located
outside the United States, IDC is hiring all
around the world. For example, in the strategic
developing markets of Brazil, Russia, India
and China, IDC now has more than 150 research
employees. The company is also establishing
new offices in key emerging markets, including
Bangladesh, Kenya, Israel, Morocco, Nigeria,
Portugal, Romania, Sri Lanka, and Ukraine.
Combined, IDC's investments helped drive healthy
growth in all of IDC's major product lines
- subscription research, consulting, and conferences
- as well as in every geographic region. For
calendar year 2005, IDC's worldwide revenues
were $266 million, representing a 14% increase
over the previous year.
"IDC Canada has a mission to consistently
increase our relevance and impact on the success
of our customers, our customers industry and
our Nation. Our team is committed to this very
important goal and continues to have great
success in achieving this," says Mr. Mabrucco.
For more information or to schedule an interview,
please contact:
Stephen Symonds
Marketing Communications Coordinator
IDC Canada
(416)673-2260
ssymonds@idccanada.com
About IDC Canada
IDC is the foremost global market intelligence
and advisory firm in the information technology
and telecommunications industries. IDC Canada
forecasts and provides keen insight on Canadian,
in addition to worldwide, IT markets and technology
trends. Using a combination of rigorous primary
research, in-depth analysis, and client interaction,
IDC forecasts worldwide markets and trends
to deliver dependable service and client advice.
More than 700 analysts in 43 countries provide
global research with local content. IDC's customers
comprise the world's leading IT suppliers,
IT organizations, eBusiness companies and the
financial community. Additional information
can be found at www.idc.ca.
IDC is a division of IDG, the world's leading
IT media, research and exposition company.
Contact
For more information please contact:
Stephen Symonds
Marketing Communications Coordinator
IDC Canada
(416)673-2260
ssymonds@idccanada.com
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