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Corel
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{{Distinguish|Coral}}







factoids
Patrick Nichols (Chief executive officer)HTTP://WWW.COREL.COM/WP-CONTENT/UPLOADS/2015/03/PATRICK-NICHOLS-COREL-CEO-05-03-15.PDF, Corel Names Patrick Nichols as CEO WordPerfectCorelDRAWWinZipPaintShop ProAfterShot ProWinDVDCorel Painter>PainterMindManagerAmerican dollar>USD (2008)HTTP://WWW.ANNUALREPORTS.COM/HOSTEDDATA/ANNUALREPORTS/PDF/CRE2008.PDF >TITLE=ANNUAL REPORT PUBLISHER=COREL CORPORATION ACCESSDATE=2016-07-18, | num_employees = < 500 (2015)corel.com}}}}Corel Corporation ({{IPAc-en|k|ə|ˈ|r|ɛ|l}} {{respell|kə|REL}};BOOK, Wells, John, John C. Wells, Longman Pronunciation Dictionary, Pearson Longman, 3rd, 3 April 2008, 978-1-4058-8118-0, from the abbreviation "Cowpland Research Laboratory") is a Canadian software company headquartered in Ottawa, Ontario, specializing in graphics processing. It is known for producing software titles such as CorelDRAW, and for acquiring AfterShot Pro, PaintShop Pro, Painter, Video Studio and WordPerfect.

History

Corel was founded by Michael Cowpland in 1985 as a research laboratory. The company had great success early in the high-tech boom of the 1990s and early 2000s with the product CorelDRAW, and became, for a time, the biggest software company in Canada. In 1996 it acquired Novell WordPerfect and started competing with the thought of being "Pepsi to Microsoft's Coke"WEB,weblink January 31, 1996: Corel Acquired WordPerfect, Jeffrey, Powers, Day In Tech History, as Microsoft Word was the top-used word processing software at the time. Corel was in a difficult position as Microsoft pushed pre-loaded copies of its software onto new computers. This mainly consisted of Microsoft Works office applications, but a variant called Works Suite also bundled the Microsoft Word software.The company held the naming rights to the home arena for the NHL's Ottawa Senators from February 1996 until January 2006 as the "Corel Centre", a venue currently known as the Canadian Tire Centre.NEWS,weblink The Canadian Tire Centre: Not 20 years old and already over the hill? {{!, Metro Ottawa|work=metronews.ca|access-date=2017-10-06|language=en}}In 1997 Corel sold its Corel ChemLab studio and its "CD Home Collection" consisting of over 60 multimedia titles to Hoffmann + Associates, a Toronto-based company. As part of the deal, Corel acquired a minority interest in Hoffmann + Associates and received royalties.WEB,weblink Moby Games summary of Hoffmann + Associates Inc, 19 December 2015, In August 2000 Cowpland was accused of insider trading and left. A new board of directors was then appointed and Derek Burney Jr., announced that the product line would be split into several brands—DeepWhite, ProCreate, and Corel. However, these plans would be scrapped, and only the Corel brand would remain. Corel acquired the graphics software company Micrografx in late 2001.In August 2003, Corel was bought out by the private equity firm Vector Capital for $1.05 a share (slightly more than the cash in the company). The company was voluntarily delisted from the NASDAQ and Toronto Stock Exchanges. 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 United States Justice Department 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 Dell.WEB,weblink DOJ Drops Microsoft Office for Corel, betanews.com, en, 2017-10-06, Corel contended that WordPerfect was the only viable alternative to Microsoft Office, with sales 70 times more than Lotus' SmartSuite. On April 26, 2006, Corel completed its return to the public market with an initial public offering on NASDAQ,WEB,weblink Corel IPO stumbles out of the gate, Dawn, Kawamoto, CNET, 2006-04-26, 2015-09-05, the same day finalizing the acquisition of WinZip, a well-known archiving software title.On December 12, 2006, Corel completed its acquisitions of InterVideo and Ulead. The InterVideo acquisition was valued at around $196 million.WEB,weblink Corel's letter to customers on the InterVideo Ulead acquisition, David, Dobson, Corel, 2006, 2015-09-05, 2008-10-09,weblink" title="web.archive.org/web/20081009171440weblink">weblink In May 2008, CEO David Dobson announced that he was leaving the company to take a senior strategy role at Pitney Bowes.WEB,weblink David Dobson blurb, Money 2020, 2015, 2015-09-05, dead,weblink" title="web.archive.org/web/20150414162639weblink">weblink 2015-04-14, Dobson was replaced on May 8 by former Symantec executive Kris Hagerman.WEB,weblink Corel welcomes Kris Hagerman as permanent CEO, Business Wire, 2009-07-29, 2015-09-05, In November 2009, it was announced that Vector Capital would be purchasing the remaining shares of common stock in Corel Corporation.WEB,weblink Corel buys out Corel, Robin, Wauters, Tech Crunch, 2009-11-26, 2015-09-05, Upon completion, this made Corel once again privately owned.Corel Holdings Announces Successful Tender Offer and Commencement of Subsequent Offering Period {{webarchive|url=https://web.archive.org/web/20091128045317weblink |date=2009-11-28 }}, URL accessed on 26 November 2009 On January 29, 2010, the shareholders of Corel approved its previously announced stock consolidation, completing the transfer to Corel Holdings, L.P., a limited partnership controlled by an affiliate of Vector Capital.WEB,weblink Shareholders Approve Consolidation of Corel Corporation Shares, Business Wire, 2010-01-26, 2015-09-05, 2011-06-05,weblink" title="web.archive.org/web/20110605224150weblink">weblink In January 2012, Corel acquired Roxio from Rovi Corporation for an undisclosed amount.NEWS, Corel Buys Roxio from Rovi, Releases First Product,weblink PCMag.com, 13 February 2012, Michael, Muchmore, 7 February 2012, Subsequently on July 2, 2012, Corel announced its acquisition of Pinnacle Systems, a developer of consumer-oriented video editing products (such as the Pinnacle Studio series) owned by Avid.NEWS, Corel Acquires Pinnacle Products from Avid,weblink Corel press release, 7 September 2012, Having suffered layoffs in 2003 and 2008,WEB,weblink WordPerfect publisher to lay off 90 employees, Silicon Beat, 2008-09-10, 2015-09-05, Corel began a near yearly culture of restructuring beginning in 2010, when in the latter part of that year the company's finance department was restructured and moved to their Taipei office, resulting in significant layoffs at its Ottawa HQ. Restructuring in 2012WEB,weblink Corel confirms layoffs, Courtney, Symons, Ottawa Business Journal, 2012-03-07, 2015-09-05,weblink" title="web.archive.org/web/20150924054827weblink">weblink 2015-09-24, dead, resulted in more layoffs. In December 2013, the company's restructuring resulted in the layoffs of the Taipei locations engineering and quality assurance team. Corel's Taipei office was the core development centre of PaintShop Pro and VideoStudio, one of the company's most well-known photo- and video-editing bundles. The 2013 restructuring led to a partial handover of product development to outsourced companies, resulting in more rapid, low-cost development across its product lines. The company continued with layoffs in 2014 and once again at the beginning of 2015 with the change of the company's CEO to Patrick Nichols, previously the head of Corel's WinZip business unit.In August 2016, Corel announced the acquisition of the Mindjet MindManager business from Spigit.NEWS,weblink Corel Acquires MindManager, Mindjet, 2017-03-20, en-US, In June 2018, Corel announced the acquisition of Gravit GmbH.NEWS,weblink Welcoming Gravit to the Corel family, Medium, 2018-06-26, en-US, In December 2018, Corel announced the acquisition of Parallels.NEWS,weblink Corel Acquires Parallels, Further Accelerating its Growth in Global Software Market, Corel, 20 December 2018, GlobeNewswire News Room, 20 December 2018, On July 3, 2019, Corel was sold to KKR.WEB,weblink KKR confirms it has acquired Canadian software company Corel, reportedly for over $1B, TechCrunch, en-US, 2019-07-03,

Products

  • Corel Chess - using a chess engine developed by Don Dailey and Larry Kaufman
  • Corel Designer{{spaced ndash}}Formerly Micrografx Designer, professional technical illustration software.
  • Corel Digital Studio{{spaced ndash}}a set of four applications: PaintShop Photo Express (a light version of Paint Shop Pro), VideoStudio Express (video-editing software), DVD Factory (DVD burning and converting software), WinDVD (DVD player software).
  • CorelDRAW{{spaced ndash}}A vector graphics editor.
  • Corel Graphics Suite{{spaced ndash}}Combination of CorelDRAW, PhotoPaint, and Capture.
  • Corel Home Office{{spaced ndash}} an office suite based on Ability Office 5 and also bundling Corel's WinZip software.WEB,weblink Corel Introduces New Netbook-Ready Office Suite, PR Web, 2009-06-17, 2015-09-05, It is incompatible with Corel's own WordPerfect file formats.WEB,weblink Corel Home Office review, Jessica, Dolcourt, CNET, 2009-06-16, 2015-09-05,
  • Corel KnockOut{{spaced ndash}}Professional image masking plug-in.
  • Corel Paint It! Touch{{spaced ndash}}Drawing and painting software created specifically for the Windows 8 touchscreen PCs.
  • Corel Painter{{spaced ndash}}a program that emulates natural media{{spaced ndash}}paint, crayons, brushes etc (formerly Fractal Painter).
  • Corel Photo Album{{spaced ndash}}A sophisticated program for organizing digital photographs, inherited from Jasc Software.
  • Corel Photo-Paint{{spaced ndash}}A bitmap graphics program comparable to Adobe Photoshop, bundled with the CorelDRAW Graphics Suite.
  • Corel SnapFire{{spaced ndash}}A digital photo management suite, positioned to compete with Google's Picasa offering, later developed and marketed as Corel MediaOne.WEB,weblink Corel snaps off MediaOne Plus, Peter, Butler, 2007-09-18, 2018-10-25, live,weblink" title="web.archive.org/web/20071101080504weblink">weblink 2007-11-01, ymd-all,
  • Corel Ventura{{spaced ndash}}Desktop publishing software that had a large and loyal following for its DOS version when Corel acquired it in the early 1990s. It was briefly revived in 2002.
  • Corel Linux OS (discontinued) {{spaced ndash}}One of the first GUI-based distributions of Linux incorporating an automatic installation program in 1999.
  • CorelCAD{{spaced ndash}}2D and 3D computer-aided drafting software.CAD Software for Mac and Windows – CorelCAD 2013. Corel.com. Retrieved on 2013-07-17.

Acquired products

  • Quattro Pro{{spaced ndash}}A spreadsheet program acquired from Borland and bundled with WordPerfect Office.
  • VideoStudio{{spaced ndash}}A digital video editing program originally developed by Ulead Systems 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.
  • MotionStudio 3D
  • WinDVD{{spaced ndash}}A video and music player software, acquired in 2006 from Corel's purchase of InterVideo.
  • WinZip{{spaced ndash}}A file archiver and compressor, acquired in 2006 from Corel's purchase of WinZip Computing.
  • WordPerfect{{spaced ndash}}A word processing program acquired from Novell, and originally produced by WordPerfect Corporation.
  • XMetaL{{spaced ndash}}An XML editor acquired in the takeover of SoftQuad in 2001 and then sold to Blast Radius in 2004.
  • Gravit Designer{{spaced ndash}} A cross-platform vector graphics editor acquired in the takeover of Gravit GmbH in 2018.
  • ClearSlide - Sales Engagement Platform, Sales Enablement + Engagement

Corel World Design Contest

The annual Corel World Design Contest first ran from 1990 through 1998. 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". The contest was reinitiated in 2009 on the 20th Anniversary of CorelDRAW's launch and now runs every two years. The 2013 and 2015 contests each had a prize pool with a total value of USD100,000.{{Gallery|title=Corel's Historical Logo|width=120|height=120|lines=4alt1=Corel First Logo|Logo for Corel's short-lived ProCreate brand Corel's current logo, the hot air balloonalt2=Corel Second Logo|Corel's second logoalt3=Corel Third Logo|Corel's third logo, launched February 2001}}

See also

References

{{Reflist}}

External links

{{Commons category|Corel Corporation}} {{Corel}}{{SVG Plugins}}{{Office suites}}{{Kohlberg Kravis Roberts}}

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