Note
Here are some key points in the history of Lotus 1-2-3:
Innovative Features: Lotus 1-2-3 combined spreadsheet functionality with charting and basic database capabilities, which was revolutionary at the time. It introduced features like macros for task automation and a variety of mathematical and financial functions
Market Dominance: During the 1980s, Lotus 1-2-3 was the leading spreadsheet software, widely adopted by businesses for financial modeling, planning, and analysis2. Its user-friendly interface and powerful features made it a staple in the business world.
Competition and Decline: The rise of Microsoft Excel in the early 1990s posed a significant challenge to Lotus 1-2-3. Excel’s integration with the Windows operating system and its advanced features eventually led to Lotus 1-2-3 losing its market dominance
Acquisition by IBM: In 1995, IBM acquired Lotus Development Corporation for $3.5 billion. Despite continued development, Lotus 1-2-3 could not regain its former prominence and was eventually discontinued
Legacy: Lotus 1-2-3 is remembered as a pioneering application that set the standard for spreadsheet software and played a crucial role in the adoption of personal computers in business environments