Computer History: The First Computer Company

Computer history continues to evolve and the first computer company plays a big role in the revolution of modern computer systems. Founded in 1946, the first company to manufacture computers was the Electronic Control Company (ECC). It was led by J. Presper Eckert, who developed the ENIAC, the first general-purpose computer. Throughout the years, ECC unveiled several key products, such as the UNIVAC I and the UNIVAC II – which first used Magnetic Tape as a storage medium. Additionally, the company released the ERMA – the world’s first online banking system – which was created exclusively for Bank of America.

ECC may have been the first computer company, but did not last long; in 1951 it was bought by Remington Rand and renamed the UNIVAC Division of Sperry Rand. Even after its demise, ECC made important contributions to computer science and technology, developing the first commercially successful mainframe system and creating a number of key patents that shaped the development of computers.

Though the original company has long since been dissolved, its impact on the computer industry is still felt today. When ECC launched its machines in the 1950s, computers were incredibly expensive – the UNIVAC I was priced at around $100,000 – far too costly for most organizations or individuals to afford. But its influence on the market can't be denied; it established a foothold which allowed the industry to grow and make technology more accessible to the masses.

In conclusion, the Electronic Control Company created in 1946 was the first ever computer company – paving way for a world of innovation, transformation, and access to computer technologies. Its legacy can still be felt today, as the industry grows and continues to evolve.