IBM – International Business Machines Corporation

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. During the 1960s and 1970s, the IBM mainframe, exemplified by the System/360, was the world’s dominant computing platform, with the company producing 80 percent of computers in the U.S. and 70 percent of computers worldwide.