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Lotus Software  Acquired by IBM (1995 $ 3,500,000,000)

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Business Description

Lotus Software (called Lotus Development Corporation before its acquisition by IBM) is an American software company with its headquarters in Cambridge, Massachusetts. Lotus is most famous for their groundbreaking Lotus 1-2-3 spreadsheet application, which was the killer app in the early days of the IBM PC which helped spread the adoption of the PC. In more recent years the company provided one of the more powerful groupware systems, Lotus Notes, which became fairly popular. It was the strength of Notes in the marketplace that led to IBM purchasing the company in 1995 for $3.5 billion.
Customer on 4  Companies

Investor on  1  Companies

Acquirer on  2  Companies

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Record updated: Feb 2006
Ownership: Acquired by IBM (1995 $ 3,500,000,000)