International Business Machines Corporation, also known as IBM, provides hardware, software, business consultation and information technology services. It offers customer relationship management, outsourcing, asset recovery, custom application development and systems integration solutions. The company serves clients in the aerospace, automotive, banking, health care, and media and entertainment industries. Incorporated in 1911, IBM operates in the United States, the United Kingdom, Canada, France, Germany, Italy, Japan, Denmark, Sweden and Switzerland. In addition, its clients include Ball State University, Bank of Montreal, Bayer Business Services, Calderpeel Partnership Limited and Cavalier Telephone. The company maintains a staff of more than 390,000 employees worldwide. IBM also provides servers, software products, printing systems, workstations, personal computers and semiconductors. It offers products under the Lotus, Rational, IntelliStation and FileNet brands. The company s subsidiaries include InfoPrint Solutions Company, IBM International Group Capital, IBM Bulgaria and IBM Bahamas Limited.