Corel Acquires WordPerfect Software Products
Ottawa, Canada -- Jan. 31, 1996 -- Corel Corporation today announced that it,
together with its Irish and U.S. subsidiaries, has entered into an agreement to acquire from Novell
Corporation of Orem, Utah the WordPerfect family of software programs and other related
Both Dr. Michael Cowpland and Robert Frankenberg, the chief executive officers of Corel and
Novell respectively, see new opportunities arising from the partnering of their technologies that
will ultimately enhance their core businesses. "We think that the public will be excited by the new
potential of the WordPerfect products as they are combined with the graphics and multimedia
strengths of Corel," said Dr. Michael Cowpland.
The agreement brings several key benefits to Corel and its customers. These include the
"Corel is the right company to take these software products and their users forward," said Robert
J. Frankenberg, Novell chairman and CEO. "Corel brings to today's PerfectOffice and
WordPerfect customers a proven track record in developing and marketing superb products of a
similar kind, strong knowledge of application software channels worldwide, and a commitment to
continued development and technical support. In addition, Novells new partnership with Corel
will benefit both companies customers through greater integration of application products with
Novell's GroupWise family of groupware products and entire infrastructure of network services."
- Corel has made significant progress into key international markets through its prompt
localization, aggressive marketing and its strong channel position. These advances ensure that the
customer base will have ready access to leading edge technology in a timely fashion.
- Corel will be able to market its existing products to a user base estimated to be over 20
million. Corel will also have access to new opportunities in Novell's installed base of 55 million
users. The award-winning PerfectOffice and WordPerfect products represent a powerful growth
opportunity for the company.
- Novell and Corel are partnering to continue integration of the PerfectOffice suite with
Novell's GroupWise client software and NetWare server software.
Dr. Michael Cowpland is very enthusiastic about prospects for the software and the impact on
Corel's existing product offerings. "Like our own products, WordPerfect is an award winning
product that has won all the major word processing reviews in publications including PC
Magazine, PC/Computing, Windows Magazine and Windows Sources. In addition, PerfectOffice
was named the Analysts' Choice in PC Week and has won nearly every major industry review.
With our position as a world leader in graphics and multimedia, we have the right skill set to
promote and develop these outstanding products in the marketplace."
Corel will assume technical support responsibilities for all of the products as well as assuming and
receiving the rights to all of the technology necessary for the WordPerfect 7 and PerfectOffice 7
releases scheduled for later this spring.
Additional Marketing Opportunities
Corel will license the GroupWise client software and Envoy electronic publishing software for
inclusion in the PerfectOffice suite with other Corel offerings such as its flagship offerings,
CorelDRAW 6 and Corel VENTURA 6.
As Dr. Cowpland pointed out, "We have only begun to explore the scope and breadth of the
opportunities that are created by this transaction. The GroupWise product, when combined with
CorelVIDEO, will provide a very useful management and communication tool internally in any
organization. The ability to communicate through desktop video is clearly enhanced by an
interface which allows for schedule planning and automatic functions for distribution of
information using this new medium.
This transaction is multi-dimensional for us. With this transaction, we have affiliated ourselves
with an industry leader in network solutions with a very strong corporate MIS presence."
The companies will also enter into other licensing arrangements relating to technologies such as
linguistics and QuickFinder which will allow Corel to incorporate these technologies owned and
developed by Novell into existing Corel applications for further enhancement and development of
Dr. Cowpland had these additional comments about the WordPerfect products, "During the
course of our due diligence, we have had an opportunity to observe the beta releases of
WordPerfect and PerfectOffice 7 for Windows 95 and they reach a new level of power and ease
"Combined with the current product offerings of Corel, the PerfectOffice software can be
substantially enhanced both in functionality and application. Our graphics programs have always
been industry leaders and will form an important component in combined product offerings
designed to meet every need of the office user. A substantial portion of the current registered user
base for WordPerfect is in professional organizations for whom presentation and graphics skills
are critical elements of successful communication tools. The family of products arising as a result
of combining PerfectOffice, WordPerfect and Quattro Pro with the graphics ability evident in the
Corel family of products and the publishing capacity of Corel VENTURA will lead the industry in
quality production and competitive pricing."
Incorporated in 1985, Corel Corporation is recognized internationally as an award-winning
developer and marketer of PC graphics and multimedia software. CorelDRAW, Corel's
industry-leading graphics software, is available in over 17 languages and has won over 230
international awards from major trade publications. Corel ships its products through a network of
more than 160 distributors in 60 countries worldwide and has an on-line presence on the Internet
at http://www.corel.com. Corel is traded on the Toronto
Stock Exchange (symbol: COS) and the NASDAQ--National Market System (symbol: COSFF).
All products mentioned are trademarks or registered trademarks of their respective companies.
Corel is a registered trademark of Corel Corporation and CorelDRAW is a trademark of Corel
Corel Press Contacts:
Phone: 613-728-0826 x1524
Phone: 613-728-0826 x1172
Corel Investor Relations Contact:
Phone: 613-728-0826 x1194
Novell Press Contact:
Novell IR Contact: