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The International Business Machines Corporation (commonly referred to as IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology. The company was founded in 1911 as the Computing-Tabulating-Recording Company (CTR) through a merger of the International Time Recording Company, and the Computing Scale Company. The it was renamed to ‘International Business Machines’ (IBM) in 1924.