Corel acquiring Roxio line as old guard consolidates
As the software business shifts toward mobile and Web apps, Corel plans to raise its profile for PC programs.
Corel has agreed to acquire Roxio from Rovi, consolidating companies from an earlier era in the software industry.
Corel sells graphics programs, including the new, and the WordPerfect Office line. To that it plans to add Roxio's products for tasks including burning DVDs, recording videos of video game play, encrypting USB drives, transferring VHS tapes to DVDs, and playing DVDs.
"On the digital media side, we will have a full-blown multimedia suite and a new offering on the Mac platform. For WinZip, we will be able to further expand our suite of tools, with new data protection and security software," said Shawn Cadeau, Corel's senior vice president of global marketing.
Corel announced the move yesterday. Terms of the deal were not disclosed.
The move would make Corel a larger player in the market for software running on personal computers. Much of the new action these days, however, is for software running on mobile devices and in Web applications that run in browsers.