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Corel was founded by Michael Cowpland in as a research laboratory. Mitel needed writing and creative design programs to enhance the company product line. Corel products were born. Additional products were added. The company had great success early in the high-tech boom of the s and early s with the product CorelDRAW , and became, for a time, the biggest software company in Canada. In , it acquired Novell WordPerfect and started competing with the thought of being " Pepsi to Microsoft's Coke " [3] as Microsoft Word was the top-used word processing software at the time.
Corel was in a difficult position as Microsoft pushed pre-loaded copies of its software onto new computers. This mainly consisted of Microsoft Works office applications, but a variant called Works Suite also bundled the Microsoft Word software. In , Corel created a Full motion video game called Mode. In August , Cowpland was accused of insider trading and left. A new board of directors was then appointed and Derek Burney Jr.
However, these plans were scrapped, and only the Corel brand remained. Corel acquired the graphics software company Micrografx in late Some U. A lawsuit was filed in the U. In March , Corel announced that the United States Justice Department purchased 50, licenses of WordPerfect adding to the worldwide user base of 20 million and that WordPerfect was adding 4 million new users per year thanks to bundling deals with Dell.
On April 26, , Corel completed its return to the public market with an initial public offering on NASDAQ, [8] the same day finalizing the acquisition of WinZip , an archiving software title.
Having suffered layoffs in and , [17] Corel began a near yearly culture of restructuring beginning in , when in the latter part of that year the company's finance department was restructured and moved to their Taipei office, resulting in significant layoffs at its Ottawa HQ. Restructuring in [18] resulted in more layoffs. In December , the company's restructuring resulted in the layoffs of the Taipei locations engineering and quality assurance team.
Corel's Taipei office was the core development centre of PaintShop Pro and VideoStudio , one of the company's most well-known photo- and video-editing bundles.
The restructuring led to a partial handover of product development to outsourced companies, resulting in more rapid, low-cost development across its product lines. The company continued with layoffs in and once again at the beginning of with the change of the company's CEO to Patrick Nichols, previously the head of Corel's WinZip business unit. In December , Corel announced the acquisition of Parallels.
Reviversoft, an american computer optimizer software company acquired by Corel in Simplestar, an american computer optimizer software company. The annual Corel World Design Contest first ran from through The competition intended to recognize and encourage an international community of graphic artists from over 50,, registered Corel users.
Two finalists for each of the eight categories were awarded a trip to Ottawa, Canada to participate in the Corel World Design Contest gala and awards ceremony. The finalists from each of the eight categories received an issue of the "Corel Crystal Award".
The collection of artworks were later released in a catalogue with bundled CD, under the name of "Corel Artshow". The and contests each had a prize pool with a total value of USD, From Wikipedia, the free encyclopedia. Software company headquartered in Ottawa, Ontario. Not to be confused with Coral. Ottawa , Ontario , Canada. Corel Corporation. Retrieved Longman Pronunciation Dictionary 3rd ed.
Pearson Longman. ISBN Day In Tech History. Metro Ottawa". Archived from the original on Org link to Mode website". Archived from the original on October 31, Retrieved 19 December Money Business Wire. Tech Crunch. Retrieved 13 February Corel press release. Retrieved 7 September Silicon Beat. Ottawa Business Journal. GlobeNewswire News Room. Retrieved 20 December PR Web.
Retrieved on Archived from the original on May 22, Wikimedia Commons has media related to Corel Corporation. SVG Plugins. Office suites list. AndrOpen Office Collabora Office. Vector graphics editors Word processors. Category List Comparison. Kohlberg Kravis Roberts. Jerome Kohlberg Jr. Henry Kravis George R. Barbarians at the Gate. Authority control. Categories : Corel Canadian brands Companies based in Ottawa Multinational companies headquartered in Canada Software companies of Canada Privately held companies of Canada Software companies established in Canadian companies established in establishments in Ontario initial public offerings Kohlberg Kravis Roberts companies mergers and acquisitions Companies formerly listed on the Toronto Stock Exchange Companies formerly listed on the Nasdaq Office suites.
Namespaces Article Talk. Views Read Edit View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. Wikimedia Commons. Corel headquarters in Ottawa. Software Programming. Michael Cowpland. Roxio Parallels. Applications in italics are discontinued.
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