Dow Jones Acquires Majority Ownership of IDD Enterprises L.P.

Strategic Insights -

Dow Jones & Co. Inc. has made a strategic investment in IDD Enterprises L.P., a diversified financial publishing, database, software, and consulting company, expanding its presence in the financial industry. IDD's publications, including Investment Dealers' Digest, and its software and information products will continue to operate independently under its current management. The acquisition will enable IDD and Dow Jones to develop additional online ventures and proprietary content.

Key Takeaways:

  • Dow Jones acquired majority ownership of IDD Enterprises L.P. in 1995, solidifying its position in the financial publishing industry.
  • IDD publishes 17 magazines, newsletters, and directories targeting various niches of the financial industry, including Investment Dealers' Digest.
  • The company has a total of 200 employees, including over 40 reporters and editors and 90 software developers.
  • IDD's chairman and CEO, Lawrence H. Day, emphasized the natural evolution of the seven-year relationship between IDD and Dow Jones.
  • The acquisition will enable the two companies to work together on developing online ventures and proprietary content.
  • Dow Jones views IDD as one of the leading information providers in the marketplace, with a potential for growth in the future.
  • The acquisition is a strategic move by Dow Jones to expand its presence in the financial industry and provide better services to its customers.

Statistics:

  • 200 employees at IDD Enterprises L.P.
  • 40+ reporters and editors employed by IDD Enterprises L.P.
  • 90 software developers employed by IDD Enterprises L.P.
  • 17 magazines, newsletters, and directories published by IDD.

Sources:

  • "Dow Jones & Co. Inc. Acquires Majority Ownership of IDD Enterprises L.P." (Business Wire, Feb. 27, 1995)
  • "Contact: Dow Jones & Co. Roger May (press), 212/416-2601 Jan Abernathy (analysts), 212/416-2608" (Text)