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SImply, it is software used by businesses. Some of this would include general applications that others use, such as word processors, spreadsheets, databases, accountancy etc. Some would be much more specialised, even tailored for individual industries and businesses. So something like software to run a bank is not going to be used by ordinary people, like a spreadsheet would. Individual banks may have their own versions of software, specific to their needs and incorporating things like their logos. Business software is used to help a business run, both generally for everyday tasks that all businesses have and for things that are specific to a particular industry or company. Some companies will develop software specifically for businesses, which would never be sold to the general public, as they would have no use for it. Businesses would also share software to enable them to work with each other, like sharing data and giving them limited access to each other's internal systems.
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IBM are the initials for the International Business Machines, a computer hardware, software and services company.
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