Corel Corporation acquires Jasc Software

corelCorel Corporation has expanded its software portfolio with the acquisition of Jasc Software, which produces the Paint Shop family of image editing and digital photography programs. Corel will continue to sell Paint Shop Pro, Paint Shop Pro Studio and Paint Shop Photo Album as standalone products. The company says it will ‘continue to support new R&D iniatives for the Jasc products, ensuring that they will continue to flourish’. Corel itself was acquired by a San Francisco-based company in August last year and is going from strength to strength having shown profits for four consecutive quarters.
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