Minton

IDC's Forecast for Worldwide IT Spending in 2023 Continues to Slowly Trend Downward

Retrieved on: 
Wednesday, April 5, 2023
Consulting, Data Management, Consumer Electronics, Technology, Professional Services, Semiconductor, Software, Artificial Intelligence, Networks, Internet, Hardware, Minton, Data, IDC, Growth, ICT, Data Analytics Library, Investment, International Data Group, Tech, Video game, Cryptocurrency

In its new monthly forecast for worldwide IT spending growth, IDC projects overall growth this year in constant currency of 4.4% to $3.25 trillion.

Key Points: 
  • In its new monthly forecast for worldwide IT spending growth, IDC projects overall growth this year in constant currency of 4.4% to $3.25 trillion.
  • This is slightly down from 4.5% in the previous month's forecast and represents a swing from a 6.0% growth forecast in October 2022.
  • "Tech spending remains resilient compared to historical economic downturns and other types of business spending, but rising interest rates are now impacting capital spending."
  • For the first time, this month's Worldwide Black Book forecast includes channel splits in the March 2023 update.

Blue Ridge ESOP Associates Announce Investment by Existing Management and Levine Leichtman Capital Partners

Retrieved on: 
Friday, March 27, 2020
Employee stock ownership plan, Blue Ridge, Minton

CHARLOTTESVILLE, Va., March 26, 2020 /PRNewswire/ -- Marie Minton and Greg Washburn, the current owners of Blue Ridge ESOP Associates, announced that Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, has invested in Blue Ridge ESOP Associates ("Blue Ridge" or the "Company") in partnership with the existing owners and the management team.

Key Points: 
  • CHARLOTTESVILLE, Va., March 26, 2020 /PRNewswire/ -- Marie Minton and Greg Washburn, the current owners of Blue Ridge ESOP Associates, announced that Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, has invested in Blue Ridge ESOP Associates ("Blue Ridge" or the "Company") in partnership with the existing owners and the management team.
  • Blue Ridge is the leading provider of technology enhanced solutions and services for the administration and recordkeeping of Employee Stock Ownership Plans ("ESOPs") and associated 401(k) plans.
  • Marie Minton and Greg Washburn stated "We are delighted that our dedicated management team and LLCP are taking ownership in Blue Ridge.
  • Gentry Locke served as legal advisor to Blue Ridge and the management team.