Computing-Tablulating-Recording Company was formed in 1911. In 1924 it was renamed to International Business Machines. Today it's known as IBM.
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IBM was originally called CTR (Computing Tabulating Recording Corporation) before changing to IBM in 1924. The original name comes from the 3 previous companies that were merged together in 1911 to form CTR. These companies were the International Time Recording company, the Tabulating Machine company, and the Computing Scale Corporation.
IMB
IBM (International Business Machines) was formed from a merger of three companies on June 16, 1911. Those companies were; Tabulating Machine Company (D.C. Based), the International Time Recording Company (Endicott), and Computing Tabulating Recording company (CTR). This merger was financed by Charles Flint. Who would run the now called CTR until 1914. In 1914 Flint hired Thomas J. Watson I to lead the new company. In 1924 Watson changed the name of C-T-R to the International Business Machines company (IBM) because he felt CTR was not sufficient to the vision of the company. It was Watson who institutded many of the corporate structure and programs which IBM is best known for today.
In 1924, Thomas Watson founded International Business Machines Corporation (IBM) by merging several companies, including Bundy Manufacturing Company, International Time Recording Company, and the Tabulating Machine Company. Under his leadership, IBM grew into a major player in the computing and technology sectors, known for its innovative products and services. Watson's vision and strategic direction helped establish IBM as a dominant force in the business world.
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IBM's initial public offering (IPO) took place on November 16, 1915, with the shares priced at $40 each. The company was originally known as the Computing-Tabulating-Recording Company (CTR) before it adopted the IBM name in 1924. The IPO raised approximately $2.5 million for CTR at that time.
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