KKR Acquires Corel, Parallels Apple Mac Software Strategy?

channele2e | July 03, 2019

Private equity firm KKR has acquired Corel and virtualization specialist Parallels for roughly$1 billion, according to TechCrunch. The KKR-Corel deal could foreshadow a more aggressive Corel push into Apple Mac-oriented productivity, collaboration, creative and IT management applications, ChannelE2E believes.KKR plans to invest heavily in Corels existing product lines (WordPerfect, Corel Draw, WinZip, PaintShop Pro) while also making acquisitions, according to a deal memo viewed by TechCrunch.Corel was founded in 1985 and initially gained prominence with Corel Draw, a graphics-related application and eventual suite. The company attempted to compete head-on against Microsoft Office starting in 1996. The strategy involved Corel acquiring WordPerfect and associated business productivity software from Novell. WordPerfect was once the leading word processing platform, but fell to niche status when Office for Windows 95 gained prominence.

Spotlight

An October 2016 Bitdefender survey of 250 IT decision makers in the United States in companies with more than 1,000 PCs shows that virtualization is a strategic priority, yet they are still not fully ready for the security challenges this environment brings. Hybrid infrastructures have become the major common architecture in the enterprise environment and CIOs have to adapt to the new world. This survey, carried out by iSense Solutions, shows the main security concerns and issues they face. What cyber threats are companies not ready to handle? What are the main concerns regarding the security management of hybrid infrastructures? Why do IT decision makers fear for their jobs?

Spotlight

An October 2016 Bitdefender survey of 250 IT decision makers in the United States in companies with more than 1,000 PCs shows that virtualization is a strategic priority, yet they are still not fully ready for the security challenges this environment brings. Hybrid infrastructures have become the major common architecture in the enterprise environment and CIOs have to adapt to the new world. This survey, carried out by iSense Solutions, shows the main security concerns and issues they face. What cyber threats are companies not ready to handle? What are the main concerns regarding the security management of hybrid infrastructures? Why do IT decision makers fear for their jobs?

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