10.288.2004 - Corel Corporation Acquires Jasc to Extend Graphics Software Portfolio

Corel Corporation today 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 that 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. - View Press Release - Visit Corel Corporation - Visit Jasc Software, Inc.