Corel Acquires Jasc to Extend Graphics Software Portfolio
The Paint Shop family optimizes the digital photography and imaging experience for consumers and business professionals at all skill levels, offering a growth path from novice to seasoned professional. Its flagship products include Paint Shop Pro, Paint Shop Pro Studio and Paint Shop Photo Album. "As a leading consumer software brand, the Paint Shop family is a natural and synergistic addition to the Corel packaged software portfolio," said Mehta. "Like Corel, Jasc has consistently delivered innovative, reliable and easy-to-use graphics solutions at a very competitive price point. This acquisition signals our focus on increasing the breadth of our product family in order to service the broad, growing market of value-conscious consumers and businesses."
The combined global sales channels of both Corel and Jasc will yield a much wider worldwide distribution network. With this acquisition, the Paint Shop family will now be sold through a broader channel that reaches millions of Corel and Jasc customers around the world. Together, Corel and Jasc's global distribution network includes more than 5,000 value-added resellers and major retailers serving 75 countries around the globe.
In addition, both Corel and Jasc have secured powerful OEM bundling partnerships with several major companies, including DELL Computer and Wacom, and others. These OEM relationships will continue to expand the combined Company's reach with consumers and businesses alike.
Jasc (www.jasc.com) is recognized as a global leader of digital photography and imaging software.
Corel Corp. (www.corel.com) provides innovative software solutions that help millions of value-conscious businesses and consumers in over 75 countries improve their productivity. Founded in 1985, Corel is headquartered in Ottawa, Canada.