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Corel Corporation acquires Jasc Software Inc.

Mark Peters : 2004-10-29 06:24:35
Corel Corporation 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.

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