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Company Name: Corel

Description: In 1985, Michael Cowpland founded Corel which actually stands for “Cowpland Research Laboratory”. The product CorelDraw made the company big and popular. In just a short span of time, Corel was the biggest software company in Canada.

With the revenues Corel is pulling in, it has made a lot of investors very happy although this did not last long. During the year 1996 when the company was able to handle WordPerfect software, it tried to compete with Microsoft but was not successful. Due to this incident, there were a huge number of workers that were laid off. In addition, Cowpland was inspected by Ontario Securities Commission. Cowpland was suspected of inside trading.

Cowpland thought that purchasing the WordPerfect software will bring down Microsoft but unfortunately it was a mistake. It was a predictable marketing stance but it was basically not foolproof. This move has just showed Cowpland’s lack of knowledge when it comes to the software industry.

Corel’s product basically has been one of the best-selling applications when it comes to graphic designing. The recent Corel products are Corel Designer, CorelDRAW CorelDream3D, Corel Graphics Suite which a combination of Trace and Capture, CorelDRAW, R.A.V.E., and PhotoPaint.

In addition, for masking plug-in that provides a professional touch Corel KnockOut does the job. The previously known Fractal Painter is now known as Corel Painter. Corel Painter makes duplicating natural media possible.

In October of the year 2004, Corel bought Jasc Software for the software Paint Shop Pro. It is basically an editing program for bitmap graphics. The WordPerfect Office Professional Edition was integrated with a relational database purchased from Borland. Another product that came from Jasc Software is the Corel Photo Album. From the name itself, it is an application that helps users keep digital photos organized.

A product as good as the Adobe Photoshop is the Corel Photo-Paint. It is an application that deals with bitmap graphics. Corel SnapFire competes with Google’s Picasa which is used as a digital photo managing suite. While software for desktop publishing is the Corel Ventura. During the early 1990s when Corel purchased it, the Corel Ventura had a DOS version. During the year 2002, it was restored for a short time only.

From the year 1990 to 1998, the annual Corel World Design Contest was considered to be the most sought after graphic design contest throughout the world. The event was to promote the works of the world’s best graphic designers. The estimated registered Corel Users who participated in the event was over 50,000,000.

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