today announced the launch of Corel Resero, its new
online analytical processing (OLAP) tool for reporting and analysis of
It also is the first product in Corel's Enterprise line of software to
boost corporate productivity.
Resero is designed for use on corporate intranets so users can retrieve
data instantly, then analyze it and extract valuable information.
No pricing has been set for the software. It will be priced on a "case-to-case basis," said Corel spokeswoman Nicole Sanford.
The product launch follows a turbulent period for the Canadian software
maker. Corel also recently abandoned plans to create a Java-based suite of
office productivity software.
In late September, Corel stock dropped more than 20 percent after the company
reported losses of $32 million for its third quarter and announced it was
selling off its Computer Aided Design (CAD) division.
Corel sold the rights to its CAD software products to International Microcomputer
Software for $5.6 million in IMSI stock and cash.
IMSI acquired the rights to CorelCAD Modeler, CorelCAD Technical,
CorelFLOW, Corel Click & Create, Corel Lumiere, Corel Family Tree Suite,
Corel Family Publisher, and Corel Personal Architect.