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IBM – International Business Machines Corporation is a multinational technology and consulting organization. In its genesis in the United States, IBM is currently one of the leading technology companies around the world. IBM is head quartered in Armonk, New York, USA. Its strength lies in the marketing of computer peripherals – hardware and software, hosting and consulting solutions, including computers, social and technological qualities.
CEO: Ginni Rometty
Founder: Charles Ranlett Flint
Founded: June 16, 1911, New York City, New York, United States
Headquarters: Armonk, North Castle, New York, United States
Revenue: 81.74 billion USD (2015)
Net income: 13.19 billion USD (2015)
Subsidiaries: SoftLayer, FileNet, Trusteer, Kenexa, Silverpop, ILOG, more
The company was founded in 1911 in a small village in Endicott, United States. It was originally known as CTR – Computing tabulation record company by merging three different companies – Tabulating Machine Company, Computing Scale Company and the International Time Recording Company, which has led to the current high status of IBM. In 1924, CTR changed its name to what is popularly known as IBM.
With more than 379,592 employees around the world, the IBM ranked as the second largest company fortune. It has more than 12 laboratories around the world with advanced technology. IBM has won many awards to its name. In terms of earnings, capitalization, market valuation and employees – IBM is at the same level among the other competing companies remotely. Forbes, Fortune 500, Newsweek, etc. IBM has the honor in recognition of their service to their customers and market assessment.
Some of the many wonderful and worldwide admired IBM inventions include ATM (ATM), a floppy disk, hard disk drive (HDD), a universal product code (UPC), magnetic stripe cards, SQL and Watson artificial intelligence.
Over the past few decades, with the advent of a technological revolution, the IBM in the market with storm retains its roots in business areas such as computers, microprocessors, storage devices, gaming consoles, and many others. Modern consoles like Xbox 360, Sony PS3, Wii and Nintendo all manufactured by IBM microprocessors. Most electronic devices used until now, mechanized by IBM chips and processors.
Instinctive style of development and unified organizational culture is defined by its former IBM CEO Thomas J. Watson. Watson brought IBM from 1914 to 1956. During his tenure, Watson has laid a solid foundation for IBM as one of the strongest and most innovative technology companies of its time. This is reflected in the products and IBM customers. Watson died in 1956, was recognized as one of the most influential and largest dealers of his time.
IBM, having its roots in one of the fastest growing section of the current era, computers, IT services and consulting, raised some of the other major players in the arena. In 2011, IBM surpassed Microsoft with a value of close to $214 billion, leaving behind the technology giant to $213.2 billion. A year later, IBM acquired Texas Memory Systems to further expand its technology department while improving the quality and quantity of their production.
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