In a desperate bid for survival, long-time office software maker Corel has agreed to a takeover by its majority investor, Vector Capital, a move that could help keep classic software packages such as WordPerfect and CorelDraw around as Microsoft Office alternatives, at least for a while.
Founded in 1985 with CorelDraw as its linchpin, Corel has struggled to compete with Microsoft Word and Microsoft Office after acquiring the WordPerfect software title from Novell back in 1996. Corel has also produced literally dozens of other software titles over the years, often after acquiring them from other software vendors.
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