IBM

Overview

IBM is a multinational technology and consulting company that is headquartered in Armonk, New York. The company was founded in 1911 by Thomas J. Watson. IBM is the largest technology and consulting company in the world with over 350,000 employees in over 170 countries.

IBM offers a wide range of technology and consulting services; a broad portfolio of middleware for collaboration, predictive analytics, software development, and systems management; and developing advanced servers and supercomputers.

The company offer products in a range of fields:

Analytics

Blockchain and cryptocurrency

Information technology

Supply chain

History

IBM's history goes back to predecessor companies—the International Time Recording Company (ITR), formed in 1900, and the Computing Scale Company of America, incorporated in 1901. In 1911, Charles F Flint engineered the merger of Hollerith's Tabulating Machine Company with these two businesses to form the Computing-Tabulating-Recording Company (CTR), incorporated in the state of New York on June 16, 1911.

Based in New York City, the company manufactured and sold machinery including commercial scales and industrial time recorders to meat and cheese slicers, along with tabulators and punched cards. In 1911, the company had 1,300 employees with offices and plants in Endicott and Binghamton, New York; Dayton, Ohio; Detroit, Michigan; Washington, D.C.; and Toronto, Ontario.

CTR would become IBM (International Business Machines Corporation ) on February 14th, 1924.

Patents

In 2018, IMB was granted the most patents in a given year to an American company, with 9,100 patents, including 3,000+ patents in the fields of quantum computing, cloud computing, and artificial intelligence (1,600 patents). IFI CLAIMS Patent Services announced as of January 2020, IBM has received the most US patents every year compared to every other American company for twenty-seven consecutive years (from 1992 to 2018).

IBM Tops US Patent List for 27th Year-review of patents

Timeline

January 21, 2022

IBM and Francisco Partners announce agreement that sees Francisco Partners acquire IBM’s healthcare data and analytics assets from its Watson Health unit.

January 10, 2022

IBM announces that LG Electronics has joined the IBM Quantum Network to advance industry applications of quantum computing.

July 26, 2021

IBM raises a $7,500,000 seed round from OIF Ventures, Significant Capital Ventures and Thorney Investment.

July 2, 2021

Jim Whitehurst steps down as president at IBM.

June 23, 2021

IBM and Indian Institute of Science (IISc) announces the launch of the IBM-IISc Hybrid Cloud lab.

May 6, 2021

IBM announces first 2nm chip, offers performance boost

IBM launched the world's first 2 nanometers (2nm) semiconductor today.

April 29, 2021

IBM acquires software provider Turbonomic for over $1.5 billion.

April 27, 2021

IBM Security announces collaboration with HCL Technologies (HCL) to help unify and streamline threat management for clients via a modernized security operation center (SOC) platform.

April 15, 2021

IBM acquires myInvenio, an Italian startup that builds and operates process mining software to integrate process mining directly into its suite of automation tools.

March 30, 2021

IBM and Cleveland Clinic announces the launch of yet another collaboration , this one a 10-year team-up bringing IBM's quantum computing systems to the hospital's newest healthcare research center.