IBM is the acronym for the International Business Machines Corporation. IBM is a 103-year-old American corporation that produces and sells software and hardware. It also provides information technology consulting services.
IBM invented the Sabre airline system, the floppy disk, the automated teller machine, the hard drive and cards with magnetic strips. It was named the second largest employer in the United States by Fortune in 2012. In 2013, it had 431,212 employees. From 1993 to 2013, IBM was the number one firm with the most patents. IBM was founded in 1911 as C-T-R and renamed in 1924. Until 1958, IBM designed and produced clocks and various time recording systems which are popular with collectors. IBM is commonly referred to as Big Blue because of its extensive use of the color blue. It is headquartered in Armonk, New York