With over 433,362 (2012) employees worldwide, IBM is one of the largest and most profitable information technology employers in the world.[3] IBM holds more patents than any other U.S. based technology company
IBM has described its formation as a merger of three companies: the Tabulating Machine Company (with origins in Washington, D.C. in the 1880s), the International Time Recording Company (founded 1900 in Endicott), and the Computing Scale Company (founded 1901 in Dayton, Ohio, USA).[7][8] The merger was engineered by noted financier Charles Flint, and the new company was called the Computing Tabulating Recording (CTR) Company.[9] CTR was incorporated on June 16, 1911 in Endicott, New York, U.S.A. The 1911 CTR stock prospectus states that four companies were merged; the three described by IBM, above, and the Bundy Manufacturing Company (founded in 1889)
CTR manufactured a wide range of products, including employee time-keeping systems, weighing scales, automatic meat slicers, coffee grinders, and most importantly for the development of the computer, punched card equipment
Tabulating Machine Company, founded by Herman Hollerith sold the business to Flint for $2.3 million who then created CTR in 1911.
Flint turned for help to the former No. 2 executive at the National Cash Register Company, Thomas J. Watson, Sr.. Watson became General Manager of CTR in 1914 and President in 1915
Watson quickly implemented a series