July 6, 1995
IBM completes a $ 3.5 billion buyout of Lotus Development, the producer of the once-dominant Lotus 1-2-3 spreadsheet software and the then-popular Lotus Notes groupware. IBM had hoped to leverage Lotus 1-2-3 to challenge the increasingly demanded Microsoft Excel software, but alas, there was little slowing down the Microsoft juggernaut during the 1990’s. Lotus 1-2-3 steadily lost marketshare, and IBM finally announced the end of support for the software in 2013.
Lotus Notes groupware faired little better than 1-2-3, succumbing to Microsoft Exchange as the dominant groupware platform among large companies, but it is still entrenched among certain corporations today under the name IBM notes.
Simple as 1-2-3: IBM Buys Lotus is original content of This Day in Tech History.
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