Release 3 was released in 1989, and marked the transition from being written in Assembly Language to C. This was a handful of utilities which, among other things, removed copy protection and provided a 43-line display on EGA adapters. They put together a "Value Pack" in late 1988 to help drive sales until Release 3 was ready. Also new to 1-2-3 in v2.0 were add-ins, better memory support for those with expanded memory, support for 80x87 math coprocessors, In January 1989, Lotus 1-2-3 Release 2.01 was the top-selling software product, followed by WordPerfect 5 and Norton Utilities Advanced Edition 4.5. Release 2 was released in September 1985, and introduced macros with syntax and commands similar to a BASIC interpreter. 1984's annual report demonstrated their huge growth, at $156.9M annual revenue and now 741 employees.ġ-2-3, with its menu accessed by hitting the '/' key A year later, they had 2 products on the market: 1-2-3 and Symphony. By December of that year, Lotus had 300 employees and reported an annual revenue of $53M. In its first year, Lotus Development Corp went from small-time software company to a net worth of $150M, thanks to the overwhelming demand for the IBM PC and the need for a "killer" app that was the spreadsheet. In no time from launch, 1-2-3 became the #1 standard in PC spreadsheets, overtaking all other competitors including Multiplan and CA SuperCalc.
Seeing the success of VisiCalc on the Apple II for business number crunching, Lotus jumped ahead by launching a three-in-one tool that included spreadsheet, charting and basic database functionality (hence the name). Lotus 1-2-3 was a DOS-based spreadsheet released by Lotus Development Corporation in January 1983.
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