About Corel
Corel is a company based in Ottawa (Canada) founded in 1995 was acquired by KKR in July 2019. The company has 23 employees as of September 30, 2024. Corel has completed 7 acquisitions, including Ad Remover, Awingu and ClearSlide. Corel operates in a competitive market with competitors including PicsArt, Pixelworks, MAGIX, Clipchamp and Imagen, among others.
- Headquarter Ottawa, Canada
- Employees 23 as on 30 Sep, 2024
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Sectors
TechnologyMedia & Entertainment
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Email
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Phone
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Website
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Social
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Annual Revenue
$2.51 M (USD)81as on Nov 30, 2022
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Net Profit
$193.98 K (USD)207as on Nov 30, 2022
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EBITDA
Not available
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Latest Funding Round
Not available
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Investors
KKR
& 1 more
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Employee Count
23
as on Sep 30, 2024
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Investments & Acquisitions
Ad Remover
& 6 more
- Acquired by
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People of Corel
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Sales and Marketing
18 people
Software Development Team
14 people
Legal and Compliance
3 people
Human Resources and Administration
3 people
Operations Team
2 people
Product Management Team
2 people
Leadership Team
1 people
Country Team
1 people
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Funding Insights of Corel
Detailed funding history for Corel
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Investors in Corel
Corel has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include KKR and Vector Capital.
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Investments in technology companies are facilitated through private equity.
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Multiple sectors are invested in by this private equity firm.
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Investor details for Corel
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Investments & Acquisitions by Corel
Corel has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Ad Remover, Awingu and ClearSlide.
Investment portfolio details for Corel
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Advertising services are provided by GraphicCorp to clients worldwide.
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Online advertisements are blocked by a Chrome extension.
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Online grahic designing solutions provider
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Complete acquisition details for Corel
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Financial Statements - Corel
Detailed financials for Corel
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Corel Comparisons
Peer comparison for Corel
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Competitors of Corel
Corel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PicsArt, Pixelworks, MAGIX, Clipchamp and Imagen, among others.
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Photos and videos are edited using AI-assisted tools and stickers.
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Fabless semiconductor chips for video and pixel processing are developed.
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Multimedia software
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Videos are created, edited, and shared via an online platform.
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AI-enabled software is used for photo editing by subscribers.
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Detailed competitors of Corel
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Latest news on Corel
Complete news archive for Corel
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Frequently Asked Questions about Corel
Corel was founded in 1995.
Corel is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
As of Sep 30, 2024, the latest employee count at Corel is 23.
Annual revenue of Corel is $2.51M as on Nov 30, 2022.
Corel Corporation was established in 1995 in Ottawa, Canada, within the software industry. Tools for illustration, design, digital painting, graphics creation, photo editing, digital imaging, and video editing are developed and distributed. Operations focus on productivity applications for creative professionals, with services extending to office software solutions across global markets.
Corel's top competitors include MAGIX, Pixelworks and PicsArt.
Corel has made 7 acquisitions, including Ad Remover, Awingu, and ClearSlide.
Corel has 2 investors. Key investors include KKR, and Vector Capital.