Corel Acquires Jasc Software
"Significantly expanding our footprint."?
"The acquisition expands our reach in digital-imaging software"?one of the key drivers behind our growth strategy," says Amish Mehta, Corel's CEO. "The Paint Shop family gives us strong entry-level graphics and imaging software products that will help Corel capture millions of new customers"?we will significantly expand our footprint with consumer who regularly purchase digital-photography software."
Several Jasc senior management team members will join Corel. The acquisition is expected to officially close by the end of October 2004. (Corel Corporation: www.corel.com)