M&A Deal Summary

IBM Acquires Lotus Development

On July 5, 1995, IBM acquired software company Lotus Development for 3.2B USD

Acquisition Highlights
  • This is IBM’s 1st transaction in the Software sector.
  • This is IBM’s 6th largest (disclosed) transaction.
  • This is IBM’s 1st transaction in the United States.
  • This is IBM’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 1995-07-05
Target Lotus Development
Sector Software
Buyer(s) IBM
Deal Type Add-on Acquisition
Deal Value 3.2B USD

Target

Lotus Development

Cambridge, Massachusetts, United States
Lotus Development Corp. is a software company focused on business applications.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees282,200
Revenue 61.9B USD (2023)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.

DEAL STATS #
Overall 1 of 198
Sector (Software) 1 of 109
Type (Add-on Acquisition) 1 of 175
State (Massachusetts) 1 of 25
Country (United States) 1 of 142
Year (1995) 1 of 1
Size (of disclosed) 6 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-03-01 Lexmark International

Lexington, Kentucky, United States

Lexmark International is a manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. Lexmark International was founded in 1990 and is based in Lexington, Kentucky.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-02 Celestica

Toronto, Ontario, Canada

Celestica is dedicated to delivering end-to-end product lifecycle solutions to drive our customers’ success. Through our simplified global operations network and information technology platform, we are solid partners who deliver informed, flexible solutions that enable our customers to succeed in the markets they serve. Celestica was founded in 1994 and is based in Toronto, Canada.

Sell $550M
Mergr

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