Corel Corporation
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The Company
Corel Corporation is a leading developer of graphics and SCSI (Small Computer Systems Interface) software for Windows, OS/2, UNIX, Macintosh, Novell and DOS operating systems. Corel's most recent release of its principal product, CorelDRAW 4, is the only product available today that integrates in one package all of the major graphics functions, illustration, charting, photo-editing and painting, animation and presentation.
Corel was founded in June of 1985 by Dr. Michael Cowpland. The Company's operations are headquartered in Ottawa, Canada. Corel's telephone number is 613-728-8200.
Financial
Corel has been a public company since November of 1989 and is traded in the United States on the NASDAQ national Market System under the symbol COS. For the year ended November 30, 1992, Corel achieved revenues of C$90.1 million. For the first quarter ended February 28, 1993, Corel achieved revenues of C$20.7 million, an increase of 56% over 1992's first quarter. The Company recorded earnings of C$1.5 million or C$0.10 per share for the first quarter of fiscal 1993.
History
Corel was founded in June of 1985 by Dr. Michael Cowpland. From its inception until 1988, the Company was engaged primarily in the systems integration business and provided customers with turnkey PC-based desktop publishing systems and local area networks by combining hardware and software products from various manufacturers with the Company's proprietary software enhancements. As a result of its experience in developing proprietary enhancements, Corel began, in 1987, to devote additional resources to developing a separately packaged illustration software program. In January 1989, the Company introduced its first version of CorelDRAW. Corel's most recent release, CorelDRAW 4, was introduced in May of 1993.
In 1987, also in connection with its systems integration division, the Company developed SCSI interface software for connecting PCs to optical peripherals. In May 1992, Corel introduced CorelSCSI, an interface software package that permits up to seven different peripherals to be connected to a PC with a single interface board.
In April of 1993, Corel introduced two new producs: CorelSCSI PRO, positioned as an advanced SCSI software solution allowing users to maximize the performance of their SCSI peripherals, and CorelRAID, the Company's software-based solution for data security.
Products
CorelDRAW 4
- CorelDRAW 3
- CorelSCSI
- CorelSCSI PRO
- CorelRAID
- Corel ArtShow
- Corel Professional Photos on CD-ROM
Employees
As of June 1, 1993, the Company had a total of 290 full-time employees including 113 in research and development, 139 in marketing and administration and 38 in customer support.
Customers
The number and breadth of uses for CorelDRAW has grown significantly since it's introduction in January 1989. Today, CorelDRAW is installed at approximately one third of the Fortune 100 US industrial companies. Typical users include personnel in virtually all office and administrative functions, including sales and marketing, finance and corporate planning. Professional graphics users include commercial and graphic artists, technical illustrators, typographers, cartoonists, animators and fashion designers. The most popular application of CorelDRAW to date is the preparation of marketing and other communications materials, such as advertisements, brochures, flyers, annual reports, business correspondence, signs, logos, awards and certificates.
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