Corel Corporation last week announced it has signed an agreement with the Rovi Coporation to purchase the Roxio line of software products which includes Roxio creator and Roxio Toast.
With over 1,000 employees, Ottawa based Corel is now one of the world's biggest personal computer software companies. The firm has more than 100 million active users in over 75 countries using such titles as Corel Draw, Painter, Paintshop Pro, Videostudio, WinDVD, Wordperfect and WinZip.
Roxio, a Rovi subsidiary based out of Santa Clara California, sells branded products online, through over 15,000 retail outlets, to organizations through volume license agreements and pre-loaded onto OEM PC's and devices. Roxio's primary product is Roxio Creator, a PC application suite for creating digital media (video, photo, music) projects on a PC. Roxio Toast offers similar functionality on the Mac but is more narrowly focused on CD/DVD burning and a variety of digital media related utility functions.
Other Roxio software products sold to Corel include: Game Capture, Easy VHS to DVD, CinePlayer DVD Decoder, BackOnTrack Suite, and Secure.
Corel says there are both technology and business advantages to the acquisition. From a technology perspective, Corel will draw upon the complementary video, photo, audio, and disc burning technologies found in both Roxio and Corel software to deliver more functionality to its users.
From a business perspective, Corel will take advantage of its global infrastructure to significantly broaden distribution and sale of Roxio products into international markets.
The deal is expected to close in February. Financial details of the agreement were not disclosed.
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