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 IBM

Logo International Business Machines (IBM) is an American multinational computer, technology and IT consulting corporation headquartered in Armonk, New York, United States. IBM is the world's third largest technology company and the second most valuable global brand.

History
The company which became IBM was founded in 1896 as the Tabulating Machine Company by Herman Hollerith, in Broome County, New York (Endicott, New York or Binghamton, New York), where IBM still maintains very limited operations. It was incorporated as Computing Tabulating Recording Corporation on June 16, 1911, and was listed on the New York Stock Exchange in 1916 by George Winthrop Fairchild. CTR's Canadian and later South American subsidiary was named International Business Machines in 1917, and the whole company took this name in 1924 when Thomas J. Watson took control of it.
Since November 1910, a Hollerith subsidiary existed in Germany, the DEHOMAG (Deutsche Hollerith-Maschinen GmbH), founded as a license holder from the Tabulating Machine Company. In 1922, the renamed CTR took over 90% of DEHOMAG, which was in license debt due to the German inflation 1914-1923. In 1949 DEHOMAG finally took the name IBM Germany.
IBM has an important history of acquisitions and spin-offs. Among the famous ones, German SAP was founded in 1972 by five former IBM engineers. Chinese Lenovo became world-famous after acquiring IBM's Thinkpad business in 2005.

From Wikipedia, the free encyclopedia

last modification: 24.11.2010, 22:30 (dj)

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