Herman Hollerith was the inventor of the first patented mechanized punched-card system, the technological foundation for the computing industry. He established a company to pursue the innovation based on census processing in the United States and several foreign countries, including Russia, Norway, and France. He licensed the technology to other firms in Austria-Hungary, Great Britain, and Germany. Hollerith revolutionized the technology used for general statistics and accounts processing by private businesses as well. He eventually sold his company to a conglomerate in 1911 which eventually renamed itself the International Business Machines Corporation (IBM) in 1924. Hollerith’s inventions and innovations provided the business foundation for IBM’s prosperity throughout its early years.
