The story
Background
The technology of punched cards dates back to the 18th century when it was used for mass production of woven textiles and later used as a recording and playback system in player pianos. The use of punched cards for recording and tabulating data was first proposed and used by Semyon Korsakov around 1805. In 1832 Charles Babbage proposed using similar cards to program and to store computations for his calculating engine. Punched card technology was further developed for data-processing by Herman Hollerith from the 1880s. It was used for the 1890 United States census and for the census work of several foreign governments.
Early history
Willy Heidinger, an acquaintance of Hollerith, licensed all of Hollerith's The Tabulating Machine Company patents in 1910, and created Dehomag in Germany. In 1911 The Tabulating Machine Company was amalgamated (via stock acquisition) with three others, creating a fifth company, the Computing-Tabulating-Recording Company (CTR). In 1923 CTR acquired 90% ownership of Dehomag, thus acquiring patents developed by them. In 1924 CTR was renamed IBM.
From Wikipedia’s article on Dehomag, shared under CC BY-SA 4.0.4