OTTAWA—Global investment firm KKR acquires Corel Corporation from Vector Capital, a technology-focused private equity firm. Financial details of the transaction were not disclosed.
“Uniquely positioned at the intersection of several large and growing end-markets totaling almost $25 billion across its key verticals, Corel offers a wide portfolio of software solutions that deliver best-in-class capabilities to over 90 million knowledge workers worldwide,” the company states in a release dated July 3.
Corel notes its history of recent acquisitions as a strong point, including products such as Parallels, ClearSlide, and MindManager.
“KKR recognizes the value of our people and their impressive achievements, especially in terms of our commitment to customers, technology innovation, and our highly successful acquisition strategy,” states Patrick Nichols, CEO of Corel. “With KKR’s support and shared vision, our management team is excited by the opportunities ahead for our company, products, and users.”
For more information, visit www.corel.com.