IBM (International Business Machines Corporation) is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. The company originated in 1911 as the Computing-Tabulating-Recording Company (CTR) and was renamed "International Business Machines" in 1924.

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 the world's most advanced servers and supercomputers. Utilizing its business consulting, technology and R&D expertise, IBM helps clients become "smarter" as the planet becomes more digitally interconnected.

IBM manufactures and markets computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most U.S. patents generated by a business (as of 2018) for 25 consecutive years.

IBM has continually shifted its business mix by commoditizing markets focusing on higher-value, more profitable markets. This includes spinning off printer manufacturer Lexmark in 1991 and selling off its personal computer (ThinkPad/ThinkCentre) and x86-based server businesses to Lenovo (2005 and 2014, respectively), and acquiring companies such as PwC Consulting (2002), SPSS (2009), and The Weather Company (2016). Also in 2014, IBM announced that it would go "fabless", continuing to design semiconductors, but offloading manufacturing to GlobalFoundries.

IBM invests more than $6 billion a year in R&D, just completing its 21st year of patent leadership. IBM Research has received recognition beyond any commercial technology research organization and is home to 5 Nobel Laureates, 9 US National Medals of Technology, 5 US National Medals of Science, 6 Turing Awards and 10 Inductees in US Inventors Hall of Fame. The company was behind the inventions of the PC; SABRE travel reservation system; UPC codes, Watson, the Jeopardy!-playing computing system, and much more.

Nicknamed Big Blue, IBM is one of 30 companies included in the Dow Jones Industrial Average and one of the world's largest employers, with (as of 2016) nearly 380,000 employees. Known as "IBMers", IBM employees have been awarded five Nobel Prizes, six Turing Awards, ten National Medals of Technology and five National Medals of Science.

IBM has made nearly 200 acquisitions totaling over $100B. Below are the billion dollar acquisitions by the company:

 

On 1995 IBM acquired Lotus Development Corporation for $3.5B
On July 2, 2001 IBM acquired Informix Corporation for $1B
On Oct 2, 2002 IBM acquired PWC Consulting from PricewaterhouseCoopers for $3.5B
On Feb 21, 2003 IBM acquired Rational Software Corporation for $2.1B
On April 29, 2005 IBM acquired Ascential Software Corporation for $1.1B
On Oct 12, 2006 IBM acquired FileNet Corporation for $1.6B
On Oct 20, 2006 IBM acquired Internet Security Systems (ISS) for $1.3B
On Jan 31, 2008 IBM acquired Cognos for $5B
On July 28, 2009 IBM acquired SPSS Inc. for $1.2B
On May 24, 2010 IBM acquired Sterling Commerce for $1.4B
On September 20, 2010 IBM acquired Netezza for $1.7B
On August 27, 2012 IBM acquired Kenexa Corporation for $1.4B
On June 4, 2013 IBM acquired SoftLayer Technologies for $2B
On August 15, 2013 IBM acquired Trusteer for $1B
On August 6, 2015 IBM acquired Merge Healthcare Inc. for $1B
On November 6, 2015 IBM acquired Cleversafe for $1.309B
On February 18, 2016 IBM acquired Truven Heallth Analytics for $2.6B
On October 28, 2018 IBM acquired Red Hat for $34B

 

IBM ranked #34 on the 2017 Fortune 500 list.

 

 

 

  • Year founded: 1911
  • Funding Info: IBM has acquired over 170 organizations as well as made over 25 investments.
  • Yearly Revenue: $79.591B (2018)
  • Employee Size: 10000+
  • Business Valuation: Mkt Cap: $127.07B as of Feb 25, 2019
  • City/Town: Armonk
  • State: New York
  • Country: United States
Related businesses