Herman Hollerith also set in motion a long trail of events. In 1896, he founded the Tabulating Machine Company to lease and sell the punch-card equipment. By 1911, with the help of a couple of mergers, it had become the Computing-Tabulating-Recording Company, or C-T-R. By 1915, the president of C-T-R was Thomas J. Watson (1874–1956), who in 1924 changed the name of the company to International Business Machines Corporation, or IBM.
