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 its groundbreaking Lotus 1-2-3spreadsheet application, which was the first killer app in the early days of the IBM PC and which helped spread the adoption of the PC. Thanks to Ray Ozzie's Iris Associates, it also developed one of the more powerful groupware systems, Lotus Notes. IBM purchased the company in 1995 for $3.5 billion,[1] primarily to acquire 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, DEC's ALL-IN-1, and Wang Labs' Wang OFFICE obsolete.
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<company> A software company who produced Lotus 1-2-3, the Symphonyspreadsheet and Lotus Notes for the IBM PC. Disliked by the League for Programming Freedom on account of their lawsuits. Quarterly sales $224M, profits $10M (Aug 1994). Telephone: +1 (617) 225 1284. [Where are they? Founded when? Other products? E-mail? Internet?] (1994-11-16)
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