An announcement today confirms that Oracle, IBM and SAP have come together to buy IDC. It’s a shock move that is shaking the powerhouse of the industry, Gartner Group.
Documents relating to the deal show that that former Gartner leaders are being brought in to lead the transformation. Gartner’s research head, Peter Sondegard, and former CFO Chris Lafond will turn IDC into a tough competitor for Gartner. An SAP executive familiar with the deal said this will “shake up the industry. It is going through a patch of mediocrity. There are so many new buzzwords and acronyms being needlessly invented that it’s getting ridiculous and boring.”