International Business Machines Corporation (commonly referred to as IBM) is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries, a small town 37 miles north of Midtown Manhattan. Its principal building, referred to as CHQ, is a 283,000-square-foot (26,300 m2) glass and stone edifice on a 25-acre (10 ha) parcel amid a 432-acre former apple orchard the company purchased in the mid-1950s. There are two other IBM buildings within walking distance of CHQ: the North Castle office, which previously served as IBM’s headquarters; and the IBM Learning Center (ILC), a resort hotel and training center, which has 182 guest rooms, 31 meeting rooms, and various amenities. The company originated in 1911 as the Computing-Tabulating-Recording Company (CTR) and was renamed “International Business Machines” in 1924.IBM has continually shifted its business mix by exiting commoditizing markets and focusing on higher-value, more profitable markets.
This includes spinning off printer manufacturer Lexmark in 1991 and selling off its personal computer (ThinkPad) 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.
Official website :