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.thumb|A picture of UNIVAC I borrowed for the 1952 U.S. Presidential election results analysis by CBS news team. J. Presper Eckert (c.), co-designer of the UNIVAC, and Harold Sweeny of the US Census Bureau, with Walter Cronkite|250px|right 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.
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.thumb|A picture of UNIVAC I borrowed for the 1952 U.S. Presidential election results analysis by CBS news team. J. Presper Eckert (c.), co-designer of the UNIVAC, and Harold Sweeny of the US Census Bureau, with Walter Cronkite|250px|right 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.