We're working on something new at CrunchBase. Edits have been disabled for a few days, but you can still contact us for urgent changes.
Back to Mobile View
Subscribe to the CrunchBase Daily for the latest on Fundings, Acquisitions, and Startup Events

Exit

Acquired byIBM
Price$3.5B
Date7/1995

General Information

Websitelotus.com
CategoryEnterprise
Employees
Founded1982
DescriptionSpreadsheet enterprise software

Offices

People

Developer
Software Entrepreneur

Tags

Lotus Development Corporation

Lotus Software (called Lotus Development Corporation before its acquisition by IBM) is a software company with headquarters in Westford, Massachusetts. Lotus is most commonly known for the Lotus 1-2-3 spreadsheet application, the first feature-heavy, user friendly, reliable and WYSIWYG-enabled product to become widely available in the early days of the IBM PC, when there was no Graphical User Interface. Such a useful tool certainly helped to spread the adoption of the PC, both for administrative and scientific applications. Much later, in conjunction with Ray Ozzie’s Iris Associates, Lotus also released a groupware and email system, Lotus Notes. IBM purchased the company in 1995 for $3.5 billion, primarily to acquire Lotus Notes and to establish a presence in the increasingly important client-server computing segment, which was rapidly making host-based products like IBM’s OfficeVision obsolete.

Source: Wikipedia, accessed 2/12/10.

Recent Milestones

Videos

Screenshots

Sources

  1. en.wikipedia.org [edit]
Edit This Page
Last Edited 4/16/14

Revision History RSS Picture

Sharing

Share this page on Twitter or Facebook:
Or copy this code to embed a widget: customize ยป

External Links

CrunchBase API

Sponsors



Become a Sponsor
Terms of Service | Privacy Policy | Licensing Policy