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:
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