In 1911, a company by the name of Computing Tabulating Recording Company (CTR) was formed via the merger of three separate companies: Tabulating Machine Company, International Time Recording Company, and Computing Scale Company. The company was renamed International Business Machines in 1924 and subsequently given the nickname IBM Big Blue, due mainly in part to their widespread use of blue in all their products as well as their logo. Today, IBM is an American multinational technology and consulting corporation that specializes in manufacturing, designing, and marketing computer software and hardware products. In addition, they provide infrastructure, hosting and consulting services in mainframe computers, nanotechnology, and other areas. IBM acquired Kenexa in 2012, SPSS in 2009, and PwC’s consulting business in 2002. Since their inception, they have also spun off Lexmark in 1991 and sold of their extremely popular product lines such as ThinkPad and Lenovo in 2005. They now currently have 12 research laboratories which have allowed them to generate the most patents of any company for 20 straight years. IBM employees have been awarded the following prizes:
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