- Software company that acquired winzip for mac#
- Software company that acquired winzip software#
- Software company that acquired winzip mac#
Offering some of the industry’s best-known software brands, we give individuals and teams the power to create, collaborate and deliver impressive results. “As part of Corel, we can now unlock new opportunities for our technology and extend our reach to millions of customers around the world.”įor more information about Ad Remover, please visit About CorelĬorel products enable more than 90 million connected knowledge workers around the world to do great work faster. “With a strong history of growth and drive to deliver value to our customers, the Ad Remover team is excited to have found a partner who shares our philosophy and has the resources to take our products to the next level,” said Jon Coudron, CEO of Ad Remover.
Software company that acquired winzip mac#
We look forward to advancing Ad Remover’s mission which, like our renowned WinZip products, empowers customers to take control of their privacy and security on their platforms of choice – Windows, Mac and mobile.” “As a fully subscription-based product with strong customer retention, Ad Remover fits well into Corel’s next phase of growth and our commitment to offering users exceptional, high-value subscription experiences. “ Corel sees many synergies between Ad Remover and our overall utilities business as we leverage the strengths of our extensive digital direct platforms, partnerships and channels to take Ad Remover to new markets and dramatically expand its global presence,” said Christa Quarles, CEO of Corel. Financial details of the transaction were not disclosed. As a private company, Corel doesn’t share information on company size.SAN FRANCISCO, (GLOBE NEWSWIRE) – Corel today announced that it has acquired the popular ad-blocking extension Ad Remover™.
Our offices around the world remain the same after today’s announcement. Everyone at Corel remains excited about and committed towards the continued innovation and opportunities for growth from the Parallels products, technologies, and teams. Publicly, Corel was equally enthusiastic, with a Corel spokesperson releasing a statement: “Today’s news is very positive for Corel’s products and its global teams, including those who joined through the acquisition of Parallels in December.
KKR looks forward to working together with management to drive continued growth across its existing platforms while leveraging the team’s extensive experience in M&A to deliver a new chapter of innovation and growth on a global scale.” KKR was positive about Corel’s future potential following the announcement of their acquisition, with KKR director John Park stating: “Corel has differentiated itself by offering an impressive portfolio of essential tools and services for connected knowledge workers – across devices, operating systems, and a range of fast-growing industries. The e-mail also highlighted the potential offered by the acquisition’s infusion of capital to expand Corel’s existing businesses and fuel future acquisitions. The company reports 90 million current worldwide users.Īccording to an internal e-mail from Corel CEO Patrick Nichols, there are no planned layoffs following the KKR acquisition.
Software company that acquired winzip for mac#
The company’s latest acquisition, the Bellevue, Washington-based Parallels and its Parallels Desktop for Mac virtualization software, was widely lauded as an important step by Corel toward bringing itself into the modern software era. However, Corel managed to stay afloat and has acquired a number of other firms and products, including WinZip, Roxio, Micrografx and InterVideo. Corel also faced a number of major setbacks over the course of its history, including an insider trading scandal, numerous patent disputes with Microsoft and two stock market de-listings. The company had early success with its Windows-based CorelDRAW graphics software, but otherwise struggled to compete with Microsoft in its early years. The specific acquisition terms have not been disclosed, but rumors surrounding the deal point to a price north of $1 billion.Ĭorel was founded in 1985, one of the first large software companies aimed at capitalizing on growing personal computer ownership. The private equity giant purchased Corel-which produces WordPerfect, CorelDRAW and several other apps-from private equity firm Vector Capital. KKR confirmed last week that it has closed a deal to acquire Canadian software company Corel.
0 kommentar(er)
