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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.
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.
In 1907, the company relocated from Binghamton, New York, to Endicott, New York, which is considered by many to be IBM’s birthplace. In 1911, it merged with two other firms and became the Computing-Tabulating-Recording Company, later renamed International Business Machines, or IBM.
Watson turned the Computing-Tabulating-Recording Company, three loosely connected businesses that made electric punched-card machines, scales and time clocks, into the global leader in machines that tabulated and calculated everything from livestock to lunar orbits.
Jun 16, 2011 · 1911: IBM's precursor, the Computing-Tabulating-Recording Company (CTR), created by the merger of The International Time Recording Company Computing Scale Company, and the Tabulating...
