CTRC meaning in Business ?

Answer:

What is Computing Tabulating Recording Company mean?

The Computing-Tabulating-Recording Company (CTR) was a holding company of manufacturers of record-keeping and measuring systems subsequently known as IBM.

In 1911 financier and noted trust organizer, "Father of Trusts", Charles R. Flint amalgamated (via stock acquisition) four companies: Bundy Manufacturing Company, International Time Recording Company, the Tabulating Machine Company, and the Computing Scale Company of America; creating a fifth company – the Computing-Tabulating-Recording Company.

CTR was initially located in Endicott, New York The amalgamated companies had 1,300 employees and manufactured a wide range of products, including employee time-keeping systems, weighing scales, automatic meat slicers, and punched card equipment.

CTR was renamed as the International Business Machines Corporation (IBM) in 1924.

The individual companies continued to operate using their established names until the businesses were integrated in 1933 and the holding company eliminated.

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