"In general, Corel has a business process of acquiring small graphics companies and is aiming to challenge Adobe."Ĭorel sells a full line of business productivity and graphics software applications, including its WordPerfect office suite. That's probably why Corel stepped in, LeTocq said. The deal, which is expected to close during Corel's fiscal fourth quarter in August or September, is subject to regulatory approval and approval by Micrografx's shareholders.Ĭhris Le Tocq, an analyst at Guernsey Research in Los Altos, Calif., said Dallas-based Micrografx had "fallen on hard times" with its graphics, flow-charting and diagramming products and faced tough competition from Corel and San Jose-based Adobe Systems Inc. Louise Hanlon, a Corel spokeswoman, said the acquisition will also allow further development of several technologies by the cash-strapped Micrografx. "We will become a major force in what is for us a new and lucrative market, while at the same time utilizing those technologies to broaden our portfolio of creative product applications," he said. Also important in the deal will be the expansion of Micrografx's Enterprise Process Management division, Burney said.
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