barely six months post its acquisition of parallels, canadian software company, corel corporation is in news again, this time however for its recent fate of acquisition by equity firm, kkr from its decades long owner, vector capital. the deal is worth close to a billion dollars, state reliable sources. corel has been a market leader in offering customer friendly graphics and office support software packages.
some of its all-time hits comprise coreldraw, wordperfect, and winzip. like its previous owner, private equity firm, vector that had purchased corel, back in 2003 in a transaction of us$ 133 million, it is all set to be acquired yet again by a private equity firm, kkr. the latter is a world leader in investment firm that majorly focuses on alternative assets, real estate, private equity, as well as hedge funds. besides its recent acquisition of corel, the company is heading towards fund accumulation targeting a whopping $1.5billion to expedite its asiatic investments.
qq红包扫雷群埋雷挂through this acquisition deal, corel is expected to gain remunerative opportunities such as capital investments which will allow corel to expand its range of operations. the deal is expected to also withhold chances of any potential layoffs as part of the deal. this is yet another growth booster that will elevate corel's growth pace and pipeline projects. as part of the acquisition deal, kkr will have cent percent ownership of corel along with its assets of parallels that the company has acquired a few months back. on the back of its immersive software assets the upward rise of corel through the deal is expected to remain flourishing.
the acquisition is also expected to render corel superlative control over developing new suites of products catering to subscriptions as well as e-commerce areas.