OTTAWA, May 2 /CNW/ - Corel Corporation (NASDAQ:CREL)(TSX:CRE) today announced that it has completed the acquisition of WinZip Computing, makers of the world's leading aftermarket compression utility. As one of the most frequently downloaded software products available on the Internet with over 150 million downloads to date and an average of over 600,000 downloads per week in 2005, WinZip has developed a strong and highly recognizable global brand and a broad user base that includes consumers, small to medium-sized businesses, and large corporations. Allowing users to temporarily reduce the size of their computer files for more effective transmission and storage, WinZip(R) also includes encryption functionality to provide additional security in protecting sensitive information. "Corel is very pleased to welcome WinZip as the newest member of our award-winning software portfolio," said David Dobson, CEO of Corel Corporation. "With a large, loyal user base and a globally established brand, WinZip is an ideal complement to Corel's Productivity and Graphics and Digital Imaging product lines. I look forward to joining our teams and our brands as we build a strong future together." "At WinZip we are committed to providing easy-to-use, full-featured applications to consumers, small business users, and enterprises," said Edwin Siebesma, President, WinZip Computing. "Corel shares these priorities and devotes considerable time and attention to customer-focused innovation. Together, I am confident we will deliver enhanced benefits to our shared customers and partners around the globe." The WinZip product line includes three primary products: WinZip, WinZip Companion for Outlook and WinZip Self Extractor. WinZip Companion for Outlook extends WinZip's functionality to Microsoft's Outlook email application, automating the compression and encryption of email file attachments. WinZip Self Extractor allows users to create archives that can be uncompressed without the need for the WinZip application. For further information on Corel and its family of products, please visit www.corel.com, or to download a free trial version of WinZip, please visit www.winzip.com. About Corel Corporation Corel is a leading global packaged software company with an estimated installed base of over 20 million users. The Company provides high quality, affordable and easy-to-use productivity, graphics and digital imaging software and enjoys a favorable market position among value-conscious consumers and small businesses. Its products are sold in over 75 countries through a scalable distribution platform comprised of original equipment manufacturers (OEMs), Corel's domestic and international websites, and a global network of resellers and retailers. The Company's product portfolio features well-established, globally recognized brands including CorelDRAW(R) Graphics Suite, Corel WordPerfect(R) Office, Corel(R) Paint Shop(R) Pro, and Corel Painter(TM). (C) 2006 Corel Corporation. All rights reserved. Corel, CorelDRAW, WordPerfect, WinZip, Paint Shop, Painter, and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies. CRELF