![]() “Under Vector’s ownership, Corel completed multiple transformative acquisitions, grew revenue and meaningfully improved profitability, highlighting Vector’s proven strategy of partnering with management teams to position companies for long-term success. “Corel has been an important part of the Vector Capital family for many years and we are pleased to have achieved a fantastic outcome for our investors with the sale to KKR,” said Alex Slusky, Vector Capital’s Founder and Chief Investment Officer. With KKR’s support and shared vision, our management team is excited by the opportunities ahead for our company, products, and users,” said Patrick Nichols, CEO of Corel. “KKR recognizes the value of our people and their impressive achievements, especially in terms of our commitment to customers, technology innovation, and our highly successful acquisition strategy. 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,” said John Park, Member at KKR. “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. KKR is committed to furthering that growth trajectory by enhancing internal capabilities and building on the company’s established track record of successful acquisitions. ![]() Combining top-rated operational capabilities with a focused product portfolio addressing attractive niche industries, Corel has accelerated its growth profile in recent years. Comprised of some of the industry’s best-known brands Corel’s products empower professionals across industries in three main verticals: Creativity, Productivity, and Desktop-as-a-Service.Ĭorel has a consistent track record of organic growth and product innovation, as well as a proven history of accretive acquisitions, the most recent of which include the products Parallels ®, ClearSlide ®, and MindManager ®. Uniquely positioned at the intersection of several large and growing end-markets totaling almost $25 billion across its key verticals, Corel offers a wide portfolio of software solutions that deliver best-in-class capabilities to over 90 million knowledge workers worldwide. Financial details of the transaction were not disclosed. Corel’s stock is traded on the NASDAQ under the symbol CREL and on the TSX under the symbol CRE.OTTAWA, J(GLOBE NEWSWIRE) - KKR, a leading global investment firm, and Corel Corporation (“Corel”), one of the world's top software platforms, announced today that KKR has completed its acquisition of Corel from Vector Capital, a leading technology-focused private equity firm. With its headquarters in Ottawa, Canada, the company has major offices in the United States, the United Kingdom, Germany, China, and Japan. Corel’s products are sold in more than 75 countries through a well-established network of international resellers, retailers, original equipment manufacturers, online providers, and Corel’s global Web sites. The industry has responded with hundreds of awards recognizing Corel’s leadership in software innovation, design, and value. Designed to help people become more productive and express their creative potential, Corel’s full-featured software products set a higher standard for value in being easier to learn and use. In 2006, Corel acquired InterVideo, makers of WinDVD, and Ulead, a leading developer of video, imaging, and DVD authoring software. The company’s product portfolio includes some of the world’s most popular and widely recognized software brands, including CorelDRAW Graphics Suite, Corel Paint Shop Pro, Corel Painter, Corel DESIGNER, Corel WordPerfect Office, WinZip, and iGrafx. Corel is a leading developer of graphics, productivity, and digital media software, with more than 100 million users worldwide.
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