C-T-R incorporated
The enterprise combined earlier time-recording, tabulating and computing-scale businesses. This is corporate formation history, not a priced VC round.
Enterprise technology · IBM
IBM
IBM’s origins are a 1911 consolidation under the Computing-Tabulating-Recording name. A modern Series A–F framework does not describe this corporate history.
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Predecessor consolidation and historical listing. The funding history is available below; a verified private share price and conversion chain are not. You can still model your own documented entry terms.
Uses comparable share prices, with splits, conversions and reorganizations already accounted for in your entry price.
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THE STORY & THE EVIDENCE
IBM: before the public market.
IBM’s origins are a 1911 consolidation under the Computing-Tabulating-Recording name. A modern Series A–F framework does not describe this corporate history.
Predecessor consolidation and historical listing4 sourced milestonesPrivate share terms unavailable
- Predecessor consolidation
- Acquisition consideration
Tabulating business sale
$2,312,000 acquisition consideration
IBM reports $2,312,000 consideration for Hollerith’s Tabulating Machine Company. Acquisition price is not a C-T-R share price or company-wide funding round.
- Operating milestone
Watson joins C-T-R
Thomas J. Watson joined the business; the company’s operating transformation continued.
- Identity milestone
IBM name adopted
The International Business Machines name followed the earlier C-T-R business.
What the records do not establish
- The predecessor combination is not a modern venture round with a directly comparable IBM share price.
- The reviewed sources do not establish a private-to-current per-share conversion chain.
- Successive splits, distributions and corporate reorganizations require a separate long-run basis review.
Research reviewed 2026-09-24. Selected public records, not a complete private cap table. An undisclosed price is left unknown.
Open this company’s sourced data (JSON) ↗
Source documents & filing locations
IBM corporate origins ↗
1911 consolidation under C-T-R, constituent businesses and later IBM identity.
IBM investor FAQ ↗
June 16, 1911 incorporation as Computing-Tabulating-Recording Co.; current stock-listing information.
IBM punched-card tabulator history ↗
Hollerith’s sale of the Tabulating Machine Company to Charles Flint in 1911.