Corel Corporation Completes Acquisition of Ulead Systems, Inc.OTTAWA, Canada -- Corel Corporation (company) Corel Corporation - A software publisher best known for the CorelDraw application. Founded in June 1985 by Dr. Michael Cowpland, Corel Corporation was originally a systems integration company. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CREL CREL Circular Regional Externa de Lisboa ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CRE CRE Commercial Real Estate CRE Corporate Real Estate CRE Commission for Racial Equality (Scotland) CRE CCD (Charge Coupled Device) and Readout Electronics CRE Camp Response Element ), a leading global software provider, today announced that its InterVideo subsidiary has completed its acquisition of Ulead Systems Ulead Systems is a Taiwanese computer software company headquartered in Neihu district in Taipei, Taiwan. History Ulead was founded in August 5, 1989 by Lotus Chen, Lewis Liaw and Way-Zen Chen. , Inc. InterVideo originally acquired a majority interest in Ulead in April 2005 and announced its intention to purchase the remaining Ulead shares in July 2006. On December 12, 2006, Corel acquired InterVideo and on December 28, 2006 completed the acquisition of the remaining Ulead shares. About Corel Corporation Corel is a leading global packaged software company with over 40 million users. The Company provides full-featured, easy-to-use productivity, graphics and digital imaging software and enjoys a favorable market position among consumers and small businesses. The Company's award-winning product portfolio features popular, globally recognized brands, including CorelDRAW[R] Graphics Suite, Corel[R] Paint Shop Pro[R], Corel[R] Snapfire[TM], Corel[R] Painter[TM], Corel DESIGNER[R], Corel[R] WordPerfect[R] Office, WinZip[R], and iGrafx[R]. With hundreds of industry awards for leadership in software innovation, design and value, Corel's products have built a loyal following of customers and partners around the globe. Corel's products are sold in over 75 countries through an international network of resellers and retailers, original equipment manufacturers (OEMs), and Corel's global websites. Corel Corporation announced the completion of its acquisition of InterVideo, Inc., a leading provider of digital media authoring and playback software with a focus on high-definition video and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. technologies, on December 12, 2006. In 2005, InterVideo acquired a majority interest in Ulead, a leading developer of video imaging and DVD authoring software for desktop, server, mobile and Internet platforms. [c] 2006 Corel Corporation. All rights reserved. Corel, CorelDRAW, Paint Shop Pro, Snapfire, Painter, Corel DESIGNER, WordPerfect, WinZip, iGrafx, the Corel logo, InterVideo, WinDVD and WinDVD Creator are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other trademarks are the property of their respective holders. |
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