Friday, October 15, 2004
Corel Corporation Acquires Jasc
Posted by James Fee in "NEWS" @ 09:00 AM
"Corel Corporation today acquired Jasc Software, Inc., the award-winning developer of the Paint Shop™ family of digital-photography and image- editing software. A critical milestone in Corel's ongoing growth strategy, this acquisition follows four consecutive quarters of profitability and a successfully completed turnaround since Corel was taken private in August 2003. The acquisition further extends Corel's position as a powerful force in the packaged software industry providing exceptional office and personal productivity and graphics products. Corel will now serve a combined base of more than 60 million customers worldwide with an extended software portfolio that combines innovative photo editing and graphics creation, vector- illustration and technical- graphics applications along with Corel's popular WordPerfect line of products. The acquisition is expected to officially close by the end of October 2004."
Interesting move by Corel, they now plug a huge hole in their product lineup. It looks like the people who bought Corel over a year ago feel like the company is ready for growth. Lets hope they don't repeat the crash that happened when Corel bought WordPerfect.
Interesting move by Corel, they now plug a huge hole in their product lineup. It looks like the people who bought Corel over a year ago feel like the company is ready for growth. Lets hope they don't repeat the crash that happened when Corel bought WordPerfect.
