Corel Corporation is a Canadian software company that was founded in 1985 in Ottawa, Ontario. The company has a strong reputation for producing powerful and user-friendly software solutions. Corel Corporation is known for its flagship product, CorelDRAW, a vector graphics editor.
Company Overview
Corel Corporation is a privately held software company founded in 1985. The company has its headquarters in Ottawa, Canada, and offices around the world. Corel offers products and services for creative professionals, including graphic design, video editing and animation tools.
History
Corel Corporation is a Canadian software company founded in 1989 by Michael Cowpland. The company was acquired by Vector Capital in 2016, and then again by KKR in 2019.
Stock Ticker
Corel Corporation is a private company, so it’s not publicly traded.
Website
Corel Corporation is a Canadian software company that develops and sells the CorelDraw Graphics Suite, Corel Painter, WordPerfect Office X5 and other products.
The company was founded in 1985 by Michael Cowpland and David McLean. It has offices in North America, Europe and Asia-Pacific regions.
Corel has over 2200 employees worldwide with offices located in Canada (Ottawa), USA (Pittsburgh), UK (Leeds) Germany (Dusseldorf), France (Paris), Japan (Tokyo) China(Beijing)
Financial Information
Corel Corporation is a privately held company that does not publicly disclose financial information.
Founders
Corel was founded in 1985 by Michael Cowpland and Dr. Gregory J. Woods, who were both former employees of Softkey International Inc., a software company that developed educational software for children. The two men left the company after it was bought out by The Learning Company (TLC). They then began working on their own project: CorelDraw, which would later become one of Corel’s flagship products.
Products and Services
Corel Corporation is a Canadian company that develops and sells graphics and design software, video editing software, office productivity software, digital media tools and web development tools.
The company was founded in 1985 by Michael Cowpland and David Paterson as Corel Corporation Ltd., which was based in Ottawa Ontario Canada. In 1995 it became a public company listed on the Toronto Stock Exchange under the symbol CXR (it later moved to TSX Venture Exchange). In 1996 it acquired WordPerfect Corporation for US$1 billion[3] but failed to turn around its fortunes following this purchase.[4][5] In 2001 it sold its consumer products division (WordPerfect Office) for US$300 million[6] before filing for bankruptcy protection under CCAA protection from creditors due to debts totaling $1 billion.[7][8][9]
The company’s official website is https://www.corel.com/ and as of March 2022, it is not publicly traded. In 2019, Corel Corporation was acquired by KKR & Co. Inc., a private equity firm, for $1.05 billion.
Corel Corporation’s official products include:
- CorelDRAW Graphics Suite
- Corel Painter
- CorelCAD
- Corel VideoStudio
- Corel WordPerfect Office
- MindManager
- WinZip
The company’s address is Corel Corporation, 1600 Carling Ave, Ottawa, ON K1Z 8R7, Canada. Its telephone number is +1 613-728-8200. For e-mail support, customers can contact Corel at [email protected] [1]
Sources:
Source : Google
Editor by : Softwarehubs