HENRY Corporation launches – Represents former senior IDC EMEA analysts

Logo - Henry CorporationHere is an interesting announcement concerning the launch of a new ICT market research and marketing services firm that brings together former senior IDC analysts who were caught in IDG’s right-sizing exercise. A few points about the HENRY Corporation:

  • Each analyst is also an independent practitioner, some with a firm name and some under their name
  • With the exception of Martin Hingley (Twitter,  blog), most of the Fellows are not active users of social media
  • With the exception of Simone de Bruin’s LinkedResearch website and to a lesser extent Hingley’s blog, none of the other Fellows have a formal web presence

SageCircle’s initial impression is that HENRY Corporation will be the marketing function as well as sales organization for this group of former IDC senior analysts. As such it will be somewhat more involved with its portfolio of analysts than Valley View Ventures, which acts simply as a sales agent for its associated analysts and boutiques.

Below is a blog post by Hingley on the launch, followed by the official announcement.

Overview from Martin Hingley, one of the original HENRY Fellows:

The Henry Corporation Brings Familiar Experts Back To Support The ITC Industry

What happens when a major market research organization off-loads most of its senior analysts in EMEA? I’m sure it does its best to run its services with newer researchers. However many industry execs will miss the quality of support, ideas and advice that they once had. In the case of my old company some familiar faces, now independent, are also as eager as ever to Continue reading

IDC experiences layoffs – likely more than 20 analysts affected

logo-idc.gifSageCircle has received credible intelligence that IDC has  initiated a job action resulting in analyst lay offs. We will continue to provide updates as we learn new information.

  • Update: 4/17/09 11:18 am PT -Initial post. Sent request for confirmation to IDC’s press office
  • Update: 4/17/09 11:22 am PT – First names added name to analyst list
  • Update: 4/17/09 11:54 am PT – Reports coming in that layoffs will be significant and include both analysts and backoffice personnel
  • Update 4/17/09 12:51 pm PT – Multiple reports that the layoffs will impact 80+ staff, of which 20+ are analysts
  • Update 4/17/09 1:26 pm PT – Name added to the analyst list
  • Update 4/17/09 2:01 pm PT – Name added to list; reports coming in that IDC is holding All-Hands meeting
  • Update 4/17/09 3:22 pm PT – Two names added to list
  • Update 4/20/09 5:03 am PT – Added IDC official statement
  • Update 4/20/09 7:04 am PT – Added name to list
  • Update 4/20/09 7:42 am PT – Added two names to list
  • Update 4/20/09 9:43 am PT – Added name
  • Update 4/20/09 11:50 am PT – Added four analyts to list
  • Update 4/20/09 12:42 pm PT – Added name
  • Update 4/20/09 1:30 pm PT — Added name
  • Update 4/20/09 4:00 pm PT — Added two names
  • Update 4/22/09 12:20 pm PT — Added three names
  • Update 4/23/09 8:19 am PT – Added one name
  • Update 4/28/09 1:57 pm PT – Added one name
  • Update 5/27/09 2:17 pm PT – Added two names

Of course, layoffs impact real people with families and obligations. Often AR people are genuinely friendly with the analysts they work with and this sort of news can be a shock. Unfortunately for AR professionals, analyst firm layoffs also raise important issues that need to be addressed ASAP no matter how much sympathy they feel for the analysts caught in the layoffs.

IDC Official Statement

In an e-mail exchange with SageCircle, IDC Corporate Communications Director Michael Shirer released the following statement:
- Due to the impact of the economic recession, IDC on April 17 reduced its U.S. staff by 82 employees, which represents 5% of IDC’s 1,650 employees worldwide.
- 26 research analyst positions were included in the reduction in employees. This research analyst decrease represents Continue reading
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