Feeds

Corel snaps up Jasc

Digging deeper into digital imaging

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Corel has acquired Jasc software, the company responsible for the Paint Shop software range, for an undisclosed sum. The company indicated the deal was the start of a new growth strategy, saying that other acquisition deals are "on the horizon".

Corel will add the Paint Shop Pro, Paint Shop Pro Studio and Paint Shop Photo Album products to its portfolio, and says it will invest in the R&D needed to create the next generation of the Paint Shop software. Amish Mehta will stay on as CEO, and several members of the Jasc senior management team will join Corel. He commented: "The Paint Shop family gives us strong entry level graphics and imaging software products that will help Corel capture millions of new customers."

The acquisition, which will officially close at the end of this month (October) means the company now has around 60m customers. It takes Corel further into the consumer imaging space, a market for which analysts predict a very rosy future. Globally, sales of consumer digital cameras are expected to grow at an annual rate of 20 per cent, and over half (55 per cent) of those sales will be accompanied by the sale of digital imaging software, according to InfoTrends research.

Corel was taken back into private ownership in 2003, when it was bought out by San Francisco-based venture capitalists, Vector Capital Group. ®

Related stories

Kodak blames digital cameras for jobs cull
Hewlett-Packard: a wannabe Kodak?
Adobe proposes universal digicam 'raw' image format

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.