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International Business Machines Corporation (IBM) is an American multinational corporation specializing in the areas of technology services and consulting. IBM manufactures and sells a large range of computer hardware and software, employs 377,757 people worldwide and has 12 research laboratories across the globe. The company was incorporated in New York in 1911 as the Computing-Tabulating-Recording Co. (C-T-R) before adopting the name IBM in 1924. IBM’s headquarters are located in New York, U.S.