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Corel Completes Acquisition of Roxio(R) Business from Rovi Corporation(February 07, 2012)
OTTAWA, ONTARIO -- (Marketwire) -- 02/07/12 --
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Corel today announced that it has completed the acquisition of the Roxio?? business from Rovi Corporation. With this deal, Corel has expanded its product portfolio to include Roxio's broad range of digital media and security solutions, including Roxio Creator??, the industry's most popular digital media suite and Roxio?? Toast??, the leading media conversion software on the Mac?? platform. Financial details of the agreement were not disclosed.
Corel now adds the Roxio product line, including the following well-known products, to its portfolio:
-- Roxio Creator?? - Software to enhance, preserve, capture and share your digital media -- Roxio?? Toast?? - The ultimate multi-media toolkit for your Mac -- Roxio?? Game Capture - Software and hardware solution to record your console gameplay -- Roxio?? Easy VHS to DVD - Convert analog video tapes to digital video for sharing on DVD, online and mobile devices -- Roxio?? CinePlayer?? DVD Decoder - Watch your favorite DVDs on Windows Media Player -- Roxio?? BackOnTrack(TM) Suite - Complete media protection solution that automatically keeps your memories safe and protects your PC from both hardware and software disasters -- Roxio?? Secure Products - Powerful encryption for optical media and USB flash drives
"We want Roxio's customers and partners to know that these products are an important addition to our portfolio and they will have a great home with Corel," said Shawn Cadeau, Senior Vice President, Global Marketing at Corel. "We look forward to bringing together the best of what Corel and Roxio have to offer as we work to deliver even richer, more rewarding experiences to our customers."
With this acquisition, Corel will take advantage of its well-established global infrastructure to dramatically broaden distribution of Roxio products into new international markets. In addition, the company will draw upon the complementary video, photo, audio, and disc burning technologies found in both Roxio and Corel software to give users even more capabilities and further enhance Corel's overall product portfolio. Corel also sees significant opportunities in combining the strengths of Corel's and Roxio's established retail and direct sales channels and large customer bases.
In a separate news release today, Corel also announced the introduction of its first Roxio product, Roxio?? VHS to DVD 3 Plus. Today many customers have precious memories recorded on old tapes that are degrading over time and the devices to play them may eventually disappear. Roxio Easy VHS to DVD 3 Plus makes it easy to transfer your VHS, Hi8 and V8 videos tapes to digital video formats and save them to DVD. New easy-to-use features make your videos look great and also offer sharing to YouTube(TM), Facebook?? and mobile devices like iPhone??. For more information about Roxio Easy VHS to DVD 3 Plus, please visit www.roxio.com/EasyVHStoDVD.
Corel is one of the world's top software companies with more than 100 million active users in over 75 countries. We develop software that helps people express their ideas and share their stories in more exciting, creative and persuasive ways. Through the years, we've built a reputation for delivering innovative, trusted products that are easy to learn and use, helping people achieve new levels of productivity. The industry has responded with hundreds of awards for software innovation, design and value.
In February 2012, Corel acquired Roxio's broad range of digital media and security solutions, expanding its product portfolio with new products including the industry's most popular digital media suite and the leading media conversion software on the Mac platform.
Our award winning product portfolio includes some of the world's most widely recognized and popular software brands, including CorelDRAW?? Graphics Suite, Corel?? Painter(TM), Corel?? PaintShop(TM) Pro, Corel?? VideoStudio??, Corel?? WinDVD??, Corel?? WordPerfect?? Office, WinZip??, Roxio Creator?? and Roxio?? Toast??.
?? 2012 Corel Corporation. All rights reserved. Corel, the Corel logo, the Corel Balloon logo, BackOnTrack, Cineplayer, CorelDRAW, Painter, PaintShop, Roxio, Roxio Creator, Toast, VideoStudio, WordPerfect and WinDVD are trademarks or registered trademarks of Corel Corporation in Canada, the United States and other Countries, WinZip is a registered trademark of WinZip International LLC. All other product names and any registered and unregistered trademarks mentioned are used for identification purposes only and remain the exclusive property of their respective owners.
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