The Sperry Corporation's Univac Division derives from the Eckert-Mauchly Computer Corporation, founded in 1946 by J. Presper Eckert and John W. Mauchly, the developers of the ENIAC, the first electronic digital computer. The firm began development of the UNIVAC, the first stored memory digital computer for commercial applications. Capital shortages forced Eckert and Mauchly to sell the firm to Remington Rand, Inc., a major manufacturer of business machines, in 1950. The first UNIVAC was delivered in March 1951. To cement its lead in computer manufacture, Remington Rand purchased the Minnesota firm of Engineering Research Associates in 1952 and consolidated its two acquisitions as the Univac Division.
Remington Rand merged with the Sperry Corporation in 1955 to form Sperry Rand. Sperry Rand was renamed the Sperry Corporation in July 1979, and in 1986 it was acquired by the Burroughs Corporation in a hostile takeover. The merged company was renamed Unisys Corporation.
From the description of Records, 1959-1974. (Hagley Museum & Library). WorldCat record id: 86134166
