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Corel Corporation from the abbreviation (" Cowpland Research Laboratory") is a company headquartered in , , that specializes in graphics processing. It is known for producing software titles such as , for having acquired Jasc Software, developers of , in Oct 2004, and other major companies and products such as Ulead Systems and .


History
Corel was founded by in 1985, as a research laboratory. The company had great success early in the high-tech boom of the with the product (being one of the three killer apps of ), and became, for a time, the biggest software company in Canada. In 1996 it acquired Novell and started competing with the thought of being " to Microsoft's " as Microsoft Word was the top-used word processing software at the time. Corel's job was made significantly more difficult due to Microsoft's strategy to push copies of Word onto new computers.

In August 2000 Cowpland was accused of and left. A new board of directors was then appointed and , announced that the product line would be split into several brandsDeepWhite, ProCreate, and Corel. However, these plans would be scrapped, and only the Corel brand would remain. Corel acquired the graphics software company in late 2001.

In August 2003, Corel was bought out by the firm for $1.05 a share (slightly more than the cash in the company). The company was voluntarily from the and . Some U.S. shareholders alleged the management benefited from the buyout personally while the buyout price was too low. A lawsuit was filed in the U.S. to stop the buyout and was unsuccessful.

In March 2005 Corel announced that the purchased 50,000 licenses of WordPerfect (adding to the worldwide user base of 20 million) and that WordPerfect was adding 4 million new users per year thanks to bundling deals with . Corel contends that WordPerfect is the only viable alternative to Microsoft Office with sales 70 times more than . On April 26, 2006, Corel completed its return to the public market with an on NASDAQ, Corel IPO stumbles out of the gate the same day finalizing the acquisition of , a well-known archiving software title.

On December 12, 2006, Corel completed its acquisitions of and . The InterVideo acquisition was valued at around $196 million. Corel's letter to customers on the InterVideo Ulead acquisition In May 2008, CEO David Dobson announced that he was leaving the company to take a senior strategy role at . Dobson was replaced on May 8 by former Symantec executive . In November 2009, it was announced that Vector Capital would be purchasing the remaining shares of common stock in Corel Corporation. Upon completion, Corel will once again be privately owned. Corel Holdings Announces Successful Tender Offer and Commencement of Subsequent Offering Period, URL accessed on 26 November 2009

On January 29, 2010, the shareholders of Corel approved its previously announced stock consolidation. The consolidation represented the second and final step in the acquisition of Corel by Corel Holdings, L.P., a limited partnership controlled by an affiliate of Vector Capital. Following approval of the Consolidation, Corel filed articles of amendment to effect the consolidation with the result that Corel is now wholly owned by Corel Holdings. Shareholders Approve Consolidation of Corel Corporation Shares In January 2012, Corel acquired from for an undisclosed amount.


Products


Acquired Products
  •  — In October 2004, Corel purchased , developer of this budget-priced editing program.
  •  — A spreadsheet program acquired from and bundled with WordPerfect Office.
  •  — A digital video editing program originally developed by which remains a distribution of Ulead Systems. The software was rebranded Corel VideoStudio since Corel acquired Ulead and it became a working division of Corel.
  •  — A word processing program acquired from Novell, and originally produced by Satellite Software International.
  • - Software for creating 3d landscapes. Sold in 2004 to DAZ Productions.
  • - A game development tool created by that was also sold as . Click and Create 2 was sold to IMSI who released it as .
  •  — A relational database acquired from and bundled with WordPerfect Office Professional Edition.
  •  — A file archiver and compressor, acquired in 2006 from Corel's purchase of WinZip Computing.
  • - An editor acquired in the takeover of in 2001 and then sold to in 2004.


Corel World Design Contest
The annual Corel World Design Contest ran from 1990 through 1998 and was considered to be one of the most prestigious graphic design contests, worldwide. The competition intended to recognize and encourage an international community of graphic artists from over 50,000,000 registered Corel users. Two finalists for each of the eight categories were awarded a trip to Ottawa, Canada to participate in the Corel World Design Contest gala and awards ceremony. The finalists from each of the eight categories received an issue of the "Corel Crystal Award". The collection of artworks were later released in a catalogue with bundled CD, under the name of "Corel Artshow".


See also


External links

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