Corporate
Mr. Powers then formed a corporation to manufacture his device and sell it commercially. The company was founded in 1911 in Newark, New Jersey. In 1914, he moved to Brooklyn, NY.
Because of its better price and capability, it almost put the Tabulating Machine Company out of business, and led to its merger into IBM and Hollerith's retirement.
Originally known as Powers Tabulating Machine Company, it changed its name to target a broad scope of market.
In 1927, Powers Accounting Machine Company merged with the Remington Typewriter Company and Rand Kardex to form Remington Rand, which later merged with Sperry to form Sperry Rand. Sperry Rand was later renamed Unisys, and continues to do business today in the field of information processing.
Read more about this topic: Powers Accounting Machine
Famous quotes containing the word corporate:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
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“The generation of women before us who rushed to fill the corporate ranks altered our expectations of what working motherhood could be, tempered our ambition, and exploded the supermom myth many of us held dear.”
—Melinda M. Marshall (20th century)