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Corel Corporation Completes Acquisition of Ulead Systems, Inc.
Corel Corporation Completes Acquisition of Ulead Systems, Inc..
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"\n\n\n\nOTTAWA, CANADA, December 28 /CNW/ - Corel Corporation (NASDAQ:CREL)\n(TSX:CRE), a leading global software provider, today announced that its\nInterVideo subsidiary has completed its acquisition of Ulead Systems, Inc.\n\n\nInterVideo originally acquired a majority interest in Ulead in April 2005\nand announced its intention to purchase the remaining Ulead shares in July\n2006. On December 12, 2006, Corel acquired InterVideo and on December 28, 2006\ncompleted the acquisition of the remaining Ulead shares.\n\n\nAbout Corel Corporation\n\n\nCorel is a leading global packaged software company with over 40 million\nusers. The Company provides full-featured, easy-to-use productivity, graphics\nand digital imaging software and enjoys a favorable market position among\nconsumers and small businesses. The Company's award-winning product portfolio\nfeatures popular, globally recognized brands, including CorelDRAW(R) Graphics\nSuite, Corel(R) Paint Shop Pro(R), Corel(R) Snapfire(TM), Corel(R)\nPainter(TM), Corel DESIGNER(R), Corel(R) WordPerfect(R) Office, WinZip(R), and\niGrafx(R). With hundreds of industry awards for leadership in software\ninnovation, design and value, Corel's products have built a loyal following of\ncustomers and partners around the globe. Corel's products are sold in over 75\ncountries through an international network of resellers and retailers,\noriginal equipment manufacturers (OEMs), and Corel's global websites.\n\n\nCorel Corporation announced the completion of its acquisition of\nInterVideo, Inc., a leading provider of digital media authoring and playback\nsoftware with a focus on high-definition video and DVD technologies, on\nDecember 12, 2006. In 2005, InterVideo acquired a majority interest in Ulead,\na leading developer of video imaging and DVD authoring software for desktop,\nserver, mobile and Internet platforms.\n\n\n(C) 2006 Corel Corporation. All rights reserved. Corel, CorelDRAW, Paint\nShop Pro, Snapfire, Painter, Corel DESIGNER, WordPerfect, WinZip, iGrafx, the\nCorel logo, InterVideo, WinDVD and WinDVD Creator are trademarks or registered\ntrademarks of Corel Corporation and/or its subsidiaries. All other trademarks\nare the property of their respective holders.\n\n\n","length":2283,"tagName":"div"}]