Eckert-Mauchly Computer Corporation
In 1947 Eckert and Mauchly formed the first computer company, the Eckert-Mauchly Computer Corporation (EMCC); Mauchly was president. They secured a contract with the National Bureau of Standards to build an "EDVAC II", later named UNIVAC. UNIVAC, the first computer designed for business applications, had many significant technical advantages such as magnetic tape for mass storage. As an interim product, the company created and delivered a smaller computer, BINAC, but were still in a shaky financial situation. They were purchased by Remington Rand and became the UNIVAC division.
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