Corel Strengths, Domain Expertise, and Key Differentiators
Founded in the days when you went to electronics store and bought physical boxes of software with installation disks and hefty manuals, Corel has brought itself into the modern era, with acquisitions like Parallels, a virtualization giant that lets businesses run far-flung and very fragmented networks as if they weren’t, underscoring that strategy.
Corel Recent Developments
In September 2020, Corel Corporation names Christa Quarles as Chief Executive Officer and a member of the company’s Board of Directors. Ms. Quarles is an industry veteran, having recently served as CEO of OpenTable and having previously held executive roles at NextDoor, Inc. and The Walt Disney Company. Ms. Quarles succeeds former CEO Patrick Nichols who stepped down from the company earlier this year.
In March 2020 Corel launched it's CorelDRAW Graphics Suite 2020 enabling graphics professionals and teams to break down creative barriers with cutting-edge artificial intelligence (AI), impressive performance enhancements, and access to cloud-based collaboration to speed up the creative workflow. With a complete collection of professional applications for vector illustration, layout and typography, photo editing, and more, CorelDRAW Graphics Suite 2020 makes its debut with extensive updates to accelerate the creation of complex projects and graphics.
In February 2019, VideoStudio Ultimate 2019 delivers the latest version of Corel’s video editor streamlines its workflow, making it easier to create sophisticated videos with new color grading, custom transitions, dynamic split screen video, and more.
Corel Mergers and Acquisitions (M&A) Activities
In July 2019, KKR has completed the acquisition of Corel from Vector Capital. KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. The acquisition would mean a significant new infusion of capital both to expand its existing business as well as to make more acquisitions to grow.
In June 2018, Corel acquired Gravit Designer, a leading cross-platform, web-based vector graphic design application. Under the purchase agreement, Corel acquired all products and technology previously owned by Gravit GmbH.
In December 2017, Corel Corporation acquired ClearSlide Inc., the sales engagement platform leader that enables sales, marketing, and service teams to drive more successful customer interactions.
Corel Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Corel applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Corel and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Corel Corporation customers.
Ownership: - KKR
Number of Employees: 3000
Key Verticals: Aerospace and Defense, Automotive, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Corel Key Enterprise and Cloud Applications
Corel Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Corel Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Corel Enterprise Applications Revenues By Functional Markets, $M:
Corel Enterprise Applications Revenues By Verticals, $M:
Corel Revenues By Region, $M
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 Enterprise Applications Revenues, $M||2020 Cloud Applications Revenues, $M|
Corel Direct vs Indirect sales
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Corel Customers - Breakdown by Geo, Size, Vertical and Product
No. of Corel Customers: 100 million
No. of Corel Enterprise Applications Customers: x
No. of Corel Cloud Customers: x
No. of Corel Cloud Subscribers: x
Corel has more than 100 million active users in over 75 countries and markets its products in more than 15 different languages. Corel company ClearSlide has 2000 customers, while Mindjet has 4,500 corporate customers and 2.5 million paid users.
Corel Market Opportunities, M&A and Geo Expansions
In 2021, Corel acquired ad-blocking extension Ad Remover. Corel has many synergies between Ad Remover and overall utilities business as it leverages the strengths of our extensive digital direct platforms, partnerships and channels to take Ad Remover to new markets and dramatically expand its global presence.
In March 2019, CorelDRAW Graphics Suite has dramatically expanded its product line with a powerful new version for Windows and an all-new, graphic design software suite built specifically for macOS. Designed from the ground up to make the most of each unique platform, both packages also include the new CorelDRAW. app for easy, on-the-go graphics creation. Finally, users have a true professional design contender available on their platform of choice, empowering the creation of bold, attention-grabbing graphics with pixel-perfect precision.
In June 2018, Corel Corporation introduced Painter 2019, the newest version of the industry’s most powerful and creative digital painting software. It is designed for professional and aspiring artists on Windows and Mac. Earlier in April the same year, Corel Corporation launched its newest version of CorelDRAW Graphic Suite 2018.
Corel's solution MindManager 2019 for Windows gives enterprises and business professionals powerful new ways to transcend the limits on what they can see, create, communicate, and achieve. The industry’s most robust and customizable information visualization software now delivers a wealth of new capabilities, including SmartRules to automate processes and workflows; Smart Shapes to enrich, clarify, and expand shared information; and powerful Tag and Icon views that make it easy to get a 360-degree perspective on projects, work, and world. MindManager 2019 enables businesses to uncover hidden possibilities, unite information and teams, and unleash productivity to do great work faster.
Corel Risks and Challenges
In June 2021, Corel named Prashant Ketkar as Chief Technology and Product Officer. Changing leadership can change the track od strategies.
Expanding presence in emerging markets, such as China, India, Eastern Europe, and Latin America, by continuing to localize products in additional languages, expanding reseller network and direct sales force, and developing additional regionally focused versions of e-Store. These markets represent attractive growth opportunities for the company because they have not yet developed a loyalty to a particular brand of software. However, the expansion of operations in these emerging markets will involve a number of risks, challenges, and uncertainties.
Corel Ecosystem, Partners, Resellers and SI
In July 2021, Corel launched new partner program designed to give its growing base of global channel partners new ways to attract customers, access additional revenue streams, and foster customer success. Current and new partners can take advantage of Corel’s revamped partner program offering free enablement training; sales, marketing and technical tools and resources; collaborative joint-marketing initiatives; and access to Corel’s extensive customer and technical support resources.
Corel Cloud Infrastructure Insights
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- Corel Public Cloud and Infrastructure (IaaS)
- Corel Platform (PaaS)
- Corel Application Delivery
- Corel Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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