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LinuxPR: Corel Acquires Equity Stake in Simply.com

Apr 18, 2000, 13:22 (0 Talkback[s])

"Corel Corporation (NASDAQ: CORL, TSE: COR) today announced it has acquired a 10 percent equity stake in Simply.com, a multi-million dollar company that manufactures and markets optimum videoconference solutions designed around the clients business model."

"Simply.com, whose current products service applications in government, education, health care, aero-space industry, and the financial sector, will be focusing on bringing videoconferencing, streaming and images to the Linux market. In the future, Corel LINUX OS will be integrated with Simply.com videoconferencing products bringing people around the world face to face."

"In November, 1999, Corel signed a deal to transfer substantially all of its assets related to the
CorelVIDEOTM product line to Simply.com Inc."

Press Release