sed is a Unix utility that parses and transforms text, using a simple, compact programming language. It was developed from 1973 to 1974 by Lee E. McMahon of Bell Labs,
and is available today for most operating systems. sed was based on the scripting features of the interactive editor ed and the earlier qed. It was one of the earliest tools to support regular expressions, and remains in use for text processing, most notably with the substitution command. Popular alternative tools for plaintext string manipulation and "stream editing" include AWK and Perl.
An excerpt from GNU sed's man page
ed is a line editor for Unix and Unix-like operating systems. It was one of the first parts of the Unix operating system that was developed, in August 1969. It remains part of the POSIX and Open Group standards for Unix-based operating systems, alongside the more sophisticated full-screen editor vi.
The ed text editor