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BW: Corel Completes Strategic Acquisition of Professional Graphics Products from MetaCreations

Apr 11, 2000, 03:08 (0 Talkback[s])

"Corel Corp. (Nasdaq:CORL)(TSE:COR) and MetaCreations Corp. (Nasdaq:MCRE) today announced that Corel has acquired several industry-leading graphics software products and technologies from MetaCreations. Corel has purchased three leading product lines widely used in the graphic arts community: MetaCreations Painter(TM), the Natural Media(R) painting program, Kai's Power Tools(R) (KPT(R)) and KPT Vector Effects(R), top-selling plug-in applications for Adobe(R) Photoshop(R) and Adobe(R) Illustrator(R), and Bryce(R), 3D landscape creation and animation software. All products are compatible with Macintosh(R) and Windows(R)."

"Corel has ambitious plans for these products, including launching new versions for both the Web and retail distribution channels throughout the year. It also plans to broaden the range of localized versions worldwide."

"To ensure a smooth transition and continued development of MetaCreations Painter, Corel has contracted Mark Zimmer, Tom Hedges and John Derry, the creators of MetaCreations Painter. Corel also plans to contract additional MetaCreations engineers to assist in the development of the MetaCreations Painter, KPT and Bryce product lines."

Press Release