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The Computing-Tabulating-Recording Company (CTR) was a holding company of manufacturers of record-keeping and measuring systems; it was subsequently known as IBM.
The new business, which consolidated the Hollerith Tabulating Machine Company with two other market-leading purveyors of data-processing technologies, was called the Computing-Tabulating-Recording Company; later, it would become IBM.
IBM was founded in 1911 as the Computing-Tabulating-Recording Company (CTR), a holding company of manufacturers of record-keeping and measuring systems. It was renamed "International Business Machines" in 1924 and soon became the leading manufacturer of punch-card tabulating systems.
But early in the 20th century, businesses were struggling with a more basic task — accurately measuring and expressing the passage of time to improve payroll processing. This was the primary business of one of IBM’s progenitors, the International Time Recording Company (ITR).
On June 16, 1911, Flint merged the four companies into a new holding company named the Computing-Tabulating-Recording Company (CTR), headquartered in Endicott. The consolidation aimed to diversify the company's revenue sources and mitigate risks associated with dependence on a single industry.
4 days ago · IBM, leading American computer manufacturer, with a major share of the market both in the United States and abroad. Its headquarters are in Armonk, New York. It was incorporated in 1911 as the Computing-Tabulating-Recording Company in a consolidation of three smaller companies that made punch-card tabulators and other office products.
On a June day in 1917, Hollerith tabulating machines made by the Computing-Tabulating-Recording Company, later to become known as IBM, arrived at a port in Rio de Janeiro.
