Nikon D7100 Canon EOS Rebel T5i Nikon D3300 Canon EOS 1200D Sony A5000 Nikon D4S
Nikon D7100 Canon EOS Rebel T5i Nikon D3300 Canon EOS 1200D Sony A5000 Nikon D4S
  News Headlines Apple Canon Casio Fujifilm HTC LG Nikon Nokia Olympus Panasonic Pentax Ricoh Rollei Samsung Sony  
Lets Go Digital
 
     
Powered by True
Counted by OneStat.com
Corel Corporation acquires Jasc Software Inc.
Mark Peters : October 29th 2004 - 06:24 CET
Digital Camera Review Test Appareil Photo Numerique Prueba camara digital Digitale Camera Test Dijital Kamera Incelemeleri Digitalkamera Test Digitalkamera
CorelCorel 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.
Corel Corporation acquires Jasc Software Inc.This portfolio 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. Corel corporate headquarters will remain in Ottawa, Canada. Corel will maintain the former Jasc facility in Minneapolis for the Paint Shop family operations. Amish Mehta will continue to serve as the Chief Executive Officer of Corel Corporation. Several members of the Jasc senior management team will join Corel.

Corel will sell Paint Shop Pro, Paint Shop Pro Studio, and Paint Shop Photo Album as stand-alone products, and will continue to provide worldwide service and support to customers under the Corel brand. In addition, Corel will actively support new R&D initiatives for the Paint Shop family, ensuring that the next generation of Jasc products will continue to flourish.

In August 2003, Corel was acquired by Vector Capital Group, a San Francisco-based venture capital concern which currently manages over 500 million dollars in capital. Vector helped Corel create and execute a focused product and market strategy - leveraging Corel's most popular and enduring products, the WordPerfect Office Suite, CorelDRAW Graphics Suite and Corel Painter - while streamlining its operations and product lines. With the support of Vector, Corel is poised for future growth with the addition of the Paint Shop family as well as through future acquisitions on the horizon.

Corel's innovative software offerings, which include the popular WordPerfect Office Suite, the CorelDRAW Graphics Suite, and Corel Painter Natural-Media painting and illustration software, have earned a strong following among value-conscious consumers, graphics professionals, and businesses around the world. This acquisition extends Corel's unique value proposition to millions of customers worldwide and dramatically expands Corel's reach in both the business and consumer graphics market sectors.

Now, Corel can provide users of graphics software a complete migration path from the most basic photo organizing and sharing, to image improvement and retouching, all the way to advanced image editing and graphics creation. The addition of the Paint Shop product family allows Corel to better serve sizable new consumer graphics markets while expanding its coverage of the business graphics market segment.

Extending Corel's Presence In The High-Growth Digital Software Market

"The acquisition expands our reach in digital imaging software - one of the key drivers behind our growth strategy," said Mehta. "The Paint Shop family gives us strong entry level graphics and imaging software products that will help Corel capture millions of new customers. Over the long term, we will significantly expand our footprint with consumers who regularly purchase digital photography software - a fast growing software market segment."

According to InfoTrends/CAP Ventures, the worldwide market for consumer digital cameras is expected to expand at a CAGR of approximately 20%, to over 100 million units that will ship in 2008, up from 45 million in 2003. A recent survey by InfoTrends/CAP Ventures also stated that 55% of owners of digital cameras reported purchasing additional software for managing and enhancing digitally captured photos.

The Paint Shop family optimizes the digital photography and imaging experience for consumers and business professionals at all skill levels, offering a growth path from novice to seasoned professional. Its flagship products, Paint Shop Pro, Paint Shop Pro Studio and Paint Shop Photo Album, are recognized worldwide for innovation. "As a leading consumer software brand, the Paint Shop family is a natural and synergistic addition to the Corel packaged software portfolio," said Mehta. "Like Corel, Jasc has consistently delivered innovative, reliable and easy-to-use graphics solutions at a very competitive price point. This acquisition signals our focus on increasing the breadth of our product family in order to service the broad, growing market of value-conscious consumers and businesses."

Extending Reach Through Global Distribution Network

The combined global sales channels of both Corel and Jasc will yield a much wider worldwide distribution network. With this acquisition, the Paint Shop family will now be sold through a broader channel that reaches millions of Corel and Jasc customers around the world. Together, Corel and Jasc's global distribution network includes more than 5,000 value-added resellers and major retailers serving 75 countries around the globe.

In addition, both Corel and Jasc have secured powerful OEM bundling partnerships with several major companies, including DELL Computer, Wacom, and others. These OEM relationships will continue to expand the combined Company's reach with consumers and businesses alike.

Record Profitability And Focused Direction Fuel Corel's Growth Strategy

This year, privately-held Corel achieved record levels of profitability and realized significant growth across all of its product lines. Corel is now poised for future market growth with the addition of the Paint Shop family of digital photography and image editing software.

"This has all the signs of a very successful acquisition because both companies need what the other provides," said Rob Enderle, Principal Analyst for the Enderle Group. "Corel has a strong international brand and products that effectively target professional digital photographers but needed a strong entry, level product like Jasc's to capture new customers. Jasc needed the power of an international brand and robust product set to expand their customer base. The combination of the two firms will deliver a powerful software portfolio encompassing consumers and businesses seeing a proven digital photography solution at a very competitive price."
   Corel Painter 8 now available
   Next  Bibble Labs releases Bibble 4.0
   Previous  Nanotechnology makes a small world even smaller
   News by brand:Corel
   News by category:Website news
   News by brand and category:Corel Website news
   Canon EOS 700D - $619.00
   Nikon D7100 - $824.00
   Nikon D5300 - $675.00
   Sony Alpha 6000 - $679.95
   Canon EOS 70D - $818.00
   Samsung NX300 - $499.00
   Canon PowerShot G1 X Mark II - $649.00
   Sony CyberShot DSC RX100 III - $798.00
   Panasonic Lumix DMC LX7 - $305.00
   Nikon D3300 - $458.00


LetsGoDigital digital camera magazine
Latest Corel announcements
Corel Blu-ray Software at CES 2010
Windows 7 software from Corel
Corel Digital Studio 2010
Corel Netbook Office Software
Corel VideoStudio Pro X2
Corel Paint Shop Pro Photo X2 Ultimate
Online community for Corel Painter Essentials users
Corel digital photography software
Corel video software for Canon AVCHD camcorders
Corel Paint Shop supports Microsoft HD photo format
Corel Painter Essentials 4
Corel MediaOne Plus
Advanced photo editing partnership
WinZip Self-Extractor 3.1
Corel photography competition
 
Twitter LetsGoDigital
Latest news headlines
Canon PowerShot digital compact cameras
Canon PowerShot SX60 HS
Canon PowerShot G7X compact camera
Canon PowerShot G7 X
Panasonic Lumix DMC-GM5
Panasonic Lumix DMC-LX100
Canon PowerShot N2
iPhone 6 pre-orders hit a record
Samsung NX1 Compact System Camera
Samsung NX1
Nikon D750 D-SLR camera
Nikon D750
Apple Watch collection
Apple iPhone 6 Plus
Apple iPhone 6
   
CanonCasioFujifilmNikonOlympusHTCSamsungSonyPanasonicNokia
  Accessories Android Apps Camcorders Digital cameras Mobile phones Smartphones Software Tablets   CES CeBIT Gadgets IFA Photokina PMA