Corel Confirms Acquisition of Parallels

Corel today confirmed that it will acquire desktop virtualization provider Parallels for an undisclosed sum.

“We’re excited to welcome our new Parallels employees to Corel’s global organization,” Corel CEO [said](Patrick Nichols). “From our highly complementary product portfolios to our shared business models and strategies, Corel and Parallels are a great fit. Thanks to the combined power of our technologies and teams, we see tremendous opportunities to drive continued growth and success for our businesses and, most importantly, our customers.”

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News of Corel’s acquisition first surfaced in late November, and the firm quickly confirmed its plans to me and said it would have more to say publicly soon.

Parallels, as you may know, makes Parallels Desktop for Mac and Parallels Toolbox for Windows and Mac, as well as several other related tools. It is my preferred solution for desktop virtualization on the Mac, but the Parallels Toolbox product is quite useful as well, on both platforms.

According to Corel, it will make a “significant investment” in the Parallels business and it believes that it can leverage the strength of its entire product catalog—which includes such heavyweights as CorelDRAW, PaintShop Pro, WinDVD Pro, WinZIP, WordPerfect, and many others—to their mutual benefit.

“Parallels and Corel share a common vision, market leadership, and passion for innovation,” Parallels CEO Jack Zubarev says. “We look forward to continuing to serve our customers and partners with best-in-class software as part of Corel.”

 

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Conversation 22 comments

  • jchampeau

    Premium Member
    20 December, 2018 - 12:13 pm

    <p>With titles like WordPerfect and WinDVD Pro in their portfolio, Corel's "passion for innovation" is obvious.</p>

    • Polycrastinator

      20 December, 2018 - 2:18 pm

      <blockquote><em><a href="#384677">In reply to jchampeau:</a></em></blockquote><p>Really. They could at least tell a good lie, like "we understand the need for businesses to have reliable continuity," or something.</p>

  • will

    Premium Member
    20 December, 2018 - 12:27 pm

    <p>Honestly curious what this looks like a year from now with the next version of Parallels. </p>

    • jimchamplin

      Premium Member
      20 December, 2018 - 4:04 pm

      <blockquote><em><a href="#384682">In reply to will:</a></em></blockquote><p>The next version of Parallels will be in two years, will have no changes, but will cost $199 and introduce ads.</p>

      • mattbg

        Premium Member
        20 December, 2018 - 5:02 pm

        <blockquote><em><a href="#384794">In reply to jimchamplin:</a></em></blockquote><p>Hopefully I’ll be able to run WinZip on the Mac through the power that Parallels brings to the portfolio.</p>

        • jimchamplin

          Premium Member
          21 December, 2018 - 12:04 pm

          <blockquote><em><a href="#384822">In reply to mattbg:</a></em></blockquote><p>What a time to be alive! ?</p>

    • wright_is

      Premium Member
      21 December, 2018 - 3:43 am

      <blockquote><em><a href="#384682">In reply to will:</a></em></blockquote><p>Full of ads for Corel Draw, WordPerfect and WinZip?</p>

  • RM2016

    Premium Member
    20 December, 2018 - 12:30 pm

    <p>Hope they bring it to Windows. </p>

    • ejuly

      20 December, 2018 - 3:24 pm

      <blockquote><a href="#384684"><em>In reply to RM2016:</em></a><em> And why would that be important? Just wondering…..</em></blockquote><p><br></p>

  • dpeters11

    20 December, 2018 - 12:41 pm

    <p>I' d forgotten Corel still existed.</p>

  • simont

    Premium Member
    20 December, 2018 - 2:52 pm

    <p>Corel owns WinZip??</p>

  • markbyrn

    Premium Member
    20 December, 2018 - 5:36 pm

    <p>Guess they can bundle in Winzip &amp; Wordperfect. </p>

  • Sykeward

    20 December, 2018 - 5:56 pm

    <p>This seems like a strange pairing, but it also seems like Corel has a strange software portfolio – I didn't realize before today that Corel also owns WinDVD and WinZip. They're like hoarders of now-defunct software that was popular 20 years ago. </p>

    • jimchamplin

      Premium Member
      21 December, 2018 - 12:07 pm

      <blockquote><em><a href="#384850">In reply to Sykeward:</a></em></blockquote><p>It seems like their target market are people who actually like the crapware bundled with Best Buy PCs.</p>

    • plettza

      26 December, 2018 - 9:05 pm

      <blockquote><em><a href="#384850">In reply to Sykeward:</a></em></blockquote><p>Paint Shop Pro</p><p>AfterShot</p><p>Wordperfect</p><p>Roxio Creator</p><p><br></p><p>to name a few. Yep, they certainly have an interesting portfolio.</p><p><br></p><p>Personally, I still use WinZip and Paint Shop Pro but they include so much nagware with their software, it's difficult to recommend. Every so often a Corel offer pops up. And remember, I cop these ads for fully licensed and paid-for software.</p>

  • pherbie

    Premium Member
    20 December, 2018 - 9:19 pm

    <p>WordPerfect still exists??????</p>

    • Ezzy Black

      Premium Member
      21 December, 2018 - 4:41 pm

      <blockquote><em><a href="#384916">In reply to PHerbie:</a></em></blockquote><p><br></p><p>Corel still exists??????</p>

  • JoePaulson

    21 December, 2018 - 12:53 am

    <p>perhaps they will release a version for Linux now? It would be great to work with Windows applications sxs with Linux apps on a Linux OS.</p>

    • wright_is

      Premium Member
      21 December, 2018 - 3:45 am

      <blockquote><em><a href="#384966">In reply to JoePaulson:</a></em></blockquote><p>They did have a Linux distro in the dim and distant past, they sold it in 2002 to the Xandros distribution, keeping a 5% share in the Xandros company.</p>

      • JoePaulson

        23 December, 2018 - 2:41 pm

        <blockquote><em><a href="#384983">In reply to wright_is:</a></em></blockquote><p>I am aware of Corel Linux. It was meh at the time. I am more interested in Parallels being available for sale on Linux which I think would have an audience at least as large as the Mac.</p>

    • waethorn

      21 December, 2018 - 3:16 pm

      <blockquote><em><a href="#384966">In reply to JoePaulson:</a></em></blockquote><p>Don't bet on it. They have, I think, 2 minor applications for Linux currently, from a large portfolio.</p>

  • SvenJ

    21 December, 2018 - 10:47 pm

    <p>Hope they don't 'F' it up, making it better. While Paint Shop Pro has come a long way since they bought it, it has departed significantly from what it once was. </p>

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