STM

The Select Tabulation Machines Corporation (STM) is a Urcean multinational technology corporation headquartered in Cálfeld, Harren.

STM was founded in 2002 as a corporate merger of ITM (International Tabulation Machines, est. 1940) and Selectro (est. 1969). These two corporations were, at one time, major competitors in the home personal computer market and considered important innovators. During the early 1980s, the computers manufactured by these two corporations - and derivatives thereof - held fully 91% of the home PC market share in Urcea. New technologies better utilized by other companies, as well as the availability of Caphirian competitor models after the end of the Occidental Cold War, led to a significant decline in market share for both corporations. By the mid-1990s, both corporations were struggling and consistently losing money, leading to significant internal consolidation of operations by both. In 2000, ITM closed its PC division and offered to purchase Selectro, but following market valuation changes and various negotiations the former rivals agreed to an even merger which became effective January 1 2002. The merger allowed STM to effectively streamline many areas and return to profitability by 2004.

Since the merger, STM has maintained the Selectro brand of PCs while diversifying its operations. Today, it serves as a major provider of technology services, ranging from manufacturing server mainframes to providing contracted copy machines. Additionally, STM remains a major industrial research leader, and is an important contributor in the industry of medical software.