BNET Industries

Market Cap:$102.0M
Last Fiscal Year Sales:$268.2M
  • Public
  • CA
Dow Jones Description

We are a leading global packaged software company with an estimated installed base of over 100 million active users in over 75 countries. We provide high quality, affordable and easy-to-use Graphics and Productivity and Digital Media software. Our products enjoy a favorable market position among value-conscious consumers and small businesses benefiting from the widespread, global adoption of personal computers, or PCs, and digital capture devices. The functional departments within large companies and governmental organizations are also attracted to the industry-specific features and technical capabilities of our software. Our products are sold through a scalable distribution platform comprised of original equipment manufacturers (OEMs), our global e-Stores, and our international network of resellers and retail vendors. We have broad geographic representation with dedicated sales and marketing teams based in the Americas, Europe Middle East and Africa (EMEA), and the Asia Pacific (APAC) regions. Our product portfolio includes well-established, globally recognized brands. An important element of our business strategy is to grow revenues through acquisitions of companies or product lines. We intend to focus our acquisition activities on companies or product lines with proven and complementary products and established user bases that we believe can be accretive to our earnings shortly after completion of the acquisition. ...

Chief Executive Officer
David Dobson
Number of Employees 1,040
Contact Information

1600 Carling Ave

Ottawa, Ontario K1Z 8R7

corel.com

(613) 728-0826

NAICS Code Software Reproducing: 334611

Recent Events

  • ESW Capital, LLC Acquires Common Shares of Corel Corporation

    11/18/09 - Merger / Acquisition - View Story

  • Linux Desktop Turns 10; World Yawns

    11/12/09 - Product Announcement - View Story

  • Corel Saves Itself, WordPerfect, and CorelDraw from Brink

    11/24/09 - Merger / Acquisition - View Story

  • BRIEF-Vector Capital increases offer to buy Corel Corp

    11/12/09 - Merger / Acquisition - View Story

  • Corel Showcases New Windows 7 Capabilities with Corel Paint it!" touch

    10/28/09 - Product Announcement - View Story

  • UPDATE 1-Corel profit slumps amid 'difficult' economy

    10/01/09 - Financial Announcement - View Story

  • Corel Releases WinDVD Pro 2010

    9/26/09 - Product Announcement - View Story

  • Corel Corp Names Tom Berquist CFO - Quick Facts

    9/14/09 - Mgmt. Change Entering - CFO - View Story

  • Corel reports net loss in Q2

    7/13/09 - Financial Announcement - View Story

News & Analysis

corel corp. and merger - All News and Analysis

Decision Makers

Name (plus bio) Position
David Dobson Chief Executive Officer
Kris Hagerman Interim CEO
Doug McCollam CFO
Douglas R McCollam Chief Financial Officer
Graham Brown Chief Technology Officer
Patrick Morley Chief Operating Officer
Randy D. Eisenbach COO
Amanda Bedborough Executive Vice President, Emea and Apac Operations
Joe Roberts Interim Executive Vice President, Prod
Randall D. Eisenbach Executive Vice President, Operations
Christopher Difrancesco Senior Vice President
Jeremy Liang Corel's Senior Vice President, Digital Media Development
Jonathan Kissane Senior Vice President, Corporate Development
Kazuo Sakai Senior Vice President, Asia Pacific & Japan Operations and President, Corel Japan
Kevin Thornton Senior Vice President, Sales & Marketing, Americas
Mark Hilton Senior Vice President, Product Mgmt & Marketing, Digital Media
Shawn Cadeau Senior Vice President, Corporate Marketing
Gail Oxley Vice President, Hr
Nathalie Parent Vice President, Human Resources
Philip C. Wilson Vice President, Global Human Resources
Nick Davies Senior Vice President & General Manager, Graphics and Productivity
Catherine Hughes Director, Corporate Communications
Denise Macdonell Director, Product Management, Digital Imaging
Gerard Metrailler Director, Product Management, Graphics
James Carrington Senior Director, Oem and Strategic Product Marketing
John Riis Senior Director, Oem Sales
Amie Hoffner Senior Pr Manager, Digital Media
Cindy Howard Product Manager for Wordperfect Office
Deborah Thomas Senior International Pr Manager, Corel (Uk) Limited
Greg Wood Senior Pr Manager, Office Productivity
Jennifer Nichol Senior Account Manager Latin America
Jessica Gould Senior Manager, Comm & Graphics
Kelly Manuel Pr Manager, Graphics
Klaus Vossen Product Manager for Corel Designer Technical Suite
Rob MacDonald Product Manager
Carsten Wunderlich Regional Pr Specialist, Gas & Ee, Corel (Uk) Limited
Corel Painter Corel Designer
Saori Nonaka Pr Specialist, Corel Japan
Tony Severenuk User Experience Designer

Board of Directors

Name (plus bio) Position
Alexander Slusky Chairman of the Board
Ian Giffen Committee Chair for Audit Committee
Amish Mehta Board of Directors
Daniel Ciporin Board of Directors
J. Ian Giffen Board of Directors
Steven Cohen Board of Directors

David Dobson has served as Corel's Chief Executive Officer since June 2005 and became a member of the company's board of directors in February 2006. From February 2004 to June 2005, he served as Corporate Vice President, Strategy at IBM. He previously served in various capacities at IBM in operations, finance, sales, marketing, strategy and general management from 1986 to 2004. Mr. Dobson joined IBM in Toronto in 1986. He has a Bachelor of Electrical Engineering and Management from McMaster University.

Organization Position Status
Corel Corporation Chief Executive Officer Current
Corel Corporation Board of Directors Current
McMaster University Bachelor of Electrical Engineering Former

Kris Hagerman has served as Corel's Interim CEO since May 2008. Prior to joining Corel, Mr. Hagerman was a Senior Advisor at Vector Capital. Prior to that, he served as Group President, Data Center Management at Symantec where he was responsible for all product development, product management, business development, and go-to-market strategies for one of Symantec's three business units, focused on enterprise infrastructure software. Mr. Hagerman joined Symantec through the company's merger with Veritas Software in July 2005. At Veritas, Mr. Hagerman served as executive vice president and General Manager of the storage and server management group, where he led all product-related responsibilities for one of Veritas' two business units. Previously, he served as executive vice president of strategic operations for the company, managing strategic alliances, business development, and mergers and acquisitions. Before joining VERITAS, Mr. Hagerman served as founder and chief executive officer of Affinia Inc., where he created the Internet's first contextual merchandising platform. Prior to that, Mr. Hagerman was the founder and chief executive officer of BigBook, Inc., a pioneering Internet yellow pages service. In addition, Mr. Hagerman has held various management positions in consulting, sales and marketing, business development, and finance at companies such as Silicon Graphics Computer Systems, McKinsey & Company, and Morgan Stanley. Mr. Hagerman holds a Master of Business Administration from Stanford Graduate School of Business. He also received a master's degree in international relations from Cambridge University and a bachelor's degree in Russian and economics from Dartmouth College.

Organization Position Status
Corel Corporation Interim CEO Current
Snapfire Interim CEO Current
Symantec Corporation Senior Vice President, Storage & Server Management Current
McKinsey & Company, Inc. Chief Executive Officer Former
Affinia Hospitality Chief Executive Officer Former
Veritas, Inc. Executive Vice President Former
Veritas, Inc. General Manager Former
Affinia Hospitality Founder Former
Vector Capital Corp. Senior Advisor Former
Stanford Graduate School of Business Master of Business Administration Former
Cambridge University Master's Degree In International Relations Former
Dartmouth College Bachelor's Degree Former

Douglas McCollam has served as Corel's Chief Financial Officer since January 2004 and became a member of the company's board of directors in October 2004. From July 1996 to January 2004 he served as Executive Vice President and Chief Financial Officer of NORDX/ CDT. He previously served in various capacities at Nortel Networks, including as Vice President Finance and Administration for Nortel CALA from 1993 to 1996. He served as Chief Financial Officer of Motorola Nortel Communications from 1991 to 1993, Group Controller Switching from 1989 to 1991 and Assistant Vice President, Corporate Financial Reporting and Analysis from 1987 to 1989. Mr. McCollam is a Certified Management Accountant and has a Bachelor of Commerce from Concordia University and an M.B.A. from the University of Chicago

Organization Position Status
Corel Corporation CFO Current
Corel Corporation Board of Directors Current

Organization Position Status
Corel Corporation Chief Financial Officer Current
Snapfire Chief Financial Officer Current
Corel Corporation Board of Directors Current
NORDX CDT Chief Financial Officer Former
NORDX CDT Executive Vice President Former
University of Chicago M.B.A. Former
Concordia University Bachelor of Commerce Former

Organization Position Status
Snapfire Chief Technology Officer Current
Corel Corporation Chief Technology Officer Current
Snapfire Executive Vice President, Software Development Former
Corel Corporation Executive Vice President, Software Development Former
University of Waterloo Bachelor of Engineering Science In Geography and Computer Science Former

Organization Position Status
BIT9, Inc. President and Chief Executive Officer Current
Corel Corporation Chief Operating Officer Current
Corel Corporation Executive Vice President, Sales & Marketing, Americas Current
Imprivata, Inc. Chief Executive Officer Former
Allaire Corporation Vice President, Americas Former
Macromedia, Inc. Vice President Former
Providence College B.A. In Mathematics and Computer Science Former

Organization Position Status
Corel Corporation COO Current
Enseo, Inc President Former
Enseo, Inc Chief Operating Officer Former
Corel Corporation President & General Manager, Digital Media Former
Texas Tech University M.B.A. Former
Texas Tech University Bachelor of Business Administration Former

Amanda Bedborough has served as a member of Corel's senior executive team since joining the company in 2001. In her current role as Executive Vice President, Global Sales, Ms. Bedborough is responsible for defining and leading the company's global channel, eCommerce and OEM sales strategies. With over 19 years of international sales experience, Ms. Bedborough has built strong working relationships with global distributors and OEMs and has established a successful track record of expanding business into new markets. Prior to joining Corel, she served as Vice President, EMEA Operations for 3dfx Interactive, Inc., and as International Sales and Marketing Director at STB Systems Inc., before it was acquired by 3dfx. Ms. Bedborough is a Member of the Institute of Directors.

Organization Position Status
Corel Corporation Executive Vice President, Emea and Apac Operations Current

Organization Position Status
Corel Corporation Interim Executive Vice President, Prod Current
Cosmi Corporation President Former
J.D. Roberts Group, LLC President Former
Riverdeep, Inc. President Former
University of California, Davis BA In Economics Former

Organization Position Status
Corel Corporation Executive Vice President, Operations Current
Enseo, Inc President Former
Enseo, Inc Chief Operating Officer Former
Texas Tech University M.B.A. Former
Texas Tech University Bachelor of Business Administration Former

Organization Position Status
Snapfire Senior Vice President, Legal and General Counsel Current
Corel Corporation Senior Vice President Current
Corel Corporation Vice President, Legal, General Counsel and Secretary Former
Corel Corporation Corporate Counsel Former
The University of Western Ontario Bachelor of Engineering Science In Mechanical Engineering Former

Jeremy Liang has served as Corel's Senior Vice President, Digital Media Development since June 2007. In this capacity, Mr. Liang is responsible for leading the development efforts behind the Company's award-winning digital media portfolio while maintaining Corel's leadership position with technology innovations that inspire and delight customers. Prior to joining Corel, Mr. Liang spent 10 years with Trend Micro where he served as EVP of Engineering, EVP of Information and Engineering Operations, and most recently EVP of Information and Chief Security Officer. Liang holds a masters degree in computer science from New Mexico Tech and a bachelor's degree in computer science from ChiaoTung University, Taiwan.

Organization Position Status
Corel Corporation Corel's Senior Vice President, Digital Media Development Current
Snapfire Senior Vice President Current
Trend Micro Inc. Chief Security Officer Former
Trend Micro Inc. Executive Vice President, Engineering Operations & Info Former

Organization Position Status
Snapfire Senior Vice President and General Manager, Ecommerce and It Current
Corel Corporation Senior Vice President, Corporate Development Current
Centennial Ventures Associate Current
ViaFone, Inc. Vice President, Business Development Former
The Boston Consulting Group, Inc. Manager Former
Harvard Law School Doctor of Jurisprudence Former
INSEAD MBA Former
Stanford University B.A. in History Former

Kazuo Sakai joins Corel with deep industry experience leading sales and marketing operations in Japan and the Asia Pacific region. He also has well established relationships with Japan's leading OEMs. Prior to joining Corel, Mr. Sakai held senior executive positions at Microsoft, where most recently he served as Program Vice President, Digital Entertainment Partner Group. He also had a long career with AMD, where he served as Chairman of AMD Japan; Corporate Vice President, Sales and Marketing, South Asia Pacific; and Vice President, Sales and Marketing, North Asia Pacific.

Organization Position Status
Corel Corporation Senior Vice President, Asia Pacific & Japan Operations and President, Corel Japan Current

Kevin Thornton has served as a member of Corel's senior executive team since rejoining the company in 2007. In his current role as Senior Vice President, Americas Sales, Mr. Thornton is responsible for the company's retail, channel, and license sales activities in North America and Latin America. Prior to joining Corel, Mr. Thornton served as Senior Vice President Sales, Small Business Division (SBD) at Sage Software. He previously held management positions with Coca-Cola Bottling Company and was the Vice President Sales, Americas for Corel. Mr. Thornton holds an Honours degree from the University of Ottawa.

Organization Position Status
Corel Corporation Senior Vice President, Sales & Marketing, Americas Current
Snapfire Senior Vice President, Sales & Marketing, Americas Current
University of Ottawa Bachelor of Physical and Health Education (Honors) Degree Former
University of Ottawa Degree Former

Prior to joining Corel, Hilton was Adobe's Vice President of Product Management for the Creative Solutions Business Unit. In his role he provided business strategy and vision, as well as product leadership for many of Adobe's flagship products including the Adobe® Creative Suites®, Adobe® InDesign®, Adobe® Illustrator®, and Adobe® Dreamweaver®. Prior to joining Adobe, Hilton was the co-founder of BeHere Corporation, an Internet virtual reality imaging company. He also served as the company's vice president of marketing and sales.

Organization Position Status
Corel Corporation Senior Vice President, Product Mgmt & Marketing, Digital Media Current

Organization Position Status
Snapfire Senior Vice President, Corporate Marketing Current
Corel Corporation Senior Vice President, Corporate Marketing Current
Snapfire Vice President, Global Marketing Former
Corel Corporation Vice President, Global Marketing Former
Wilfrid Laurier University B.A. Former
Wilfrid Laurier University Degree Former

Organization Position Status
Corel Corporation Vice President, Hr Current
Snapfire Interim Vice President, Human Resources Current
Algonquin College Certificate In Human Resources Management Former

Nathalie Parent has served as a member of Corel's senior executive team since joining the company in April 2009. In her current role as Vice President, Human Resources, Ms. Parent is responsible for employee compensation and benefits, organizational development, talent management, succession planning and employee relations and communications. Prior to joining Corel, Ms. Parent spent 13 years at Cognos Incorporated both in Canada and in Europe, most recently serving as VP, HR, Global Operations where she was responsible for Field Operations across the Americas, Europe and Asia Pacific. Prior to her work at Cognos, Ms. Parent served as a Compensation and Benefits Consultant at Watson Wyatt Worldwide. She received a Bachelor of Science in Mathematics from Carleton University in Ottawa, Canada, and she is a Certified Human Resource Professional and a Certified Global Compensation Professional. She sits on the Global Advisory Board of WorldatWork and has been a featured speaker at several conferences.

Organization Position Status
Corel Corporation Vice President, Human Resources Current
Cognos Inc. Current
Watson Wyatt Worldwide Compensation and Benefits Consultant Former
Carleton University Bachelor of Science In Mathematics Former

Organization Position Status
Corel Corporation Vice President, Global Human Resources Current
York University Lecturer Current
Felix Global Corp. to Current
Northern Telecom Former
McGill University Bachelor of Commerce Former
McGill University Degree In Industrial Relations Former

Organization Position Status
Snapfire Senior Vice President & General Manager, Graphics and Productivity Current
Corel Corporation Senior Vice President & General Manager, Graphics and Productivity Current
Productivity Inc. General Manager Current
Snapfire Vice President & General Manager, Graphics and Productivity Former
Corel Corporation Vice President & General Manager, Graphics and Productivity Former
European Business School BA With Honors In Business Administration Former

Organization Position Status
Corel Corporation Director, Corporate Communications Current
Corel Corporation Board of Directors Current

Organization Position Status
Corel Corporation Director, Product Management, Digital Imaging Current

Organization Position Status
Corel Corporation Director, Product Management, Graphics Current

Organization Position Status
Corel Corporation Senior Director, Oem and Strategic Product Marketing Current

Organization Position Status
Corel Corporation Senior Director, Oem Sales Current

Organization Position Status
Corel Corporation Senior Pr Manager, Digital Media Current

Organization Position Status
Corel Corporation Product Manager for Wordperfect Office Current

Organization Position Status
Corel Corporation Senior International Pr Manager, Corel (Uk) Limited Current

Organization Position Status
Corel Corporation Senior Pr Manager, Office Productivity Current

Organization Position Status
Corel Corporation Senior Account Manager Latin America Current

Organization Position Status
Corel Corporation Senior Manager, Comm & Graphics Current

Organization Position Status
Corel Corporation Pr Manager, Graphics Current

Organization Position Status
Corel Corporation Product Manager for Corel Designer Technical Suite Current

Organization Position Status
Corel Corporation Product Manager Current

Organization Position Status
Corel Corporation Regional Pr Specialist, Gas & Ee, Corel (Uk) Limited Current

Organization Position Status
Corel Corporation Corel Designer Current

Organization Position Status
Corel Corporation Pr Specialist, Corel Japan Current

Organization Position Status
Corel Corporation User Experience Designer Current

Organization Position Status
Vector Capital Corp. Founder Current
Vector Capital Corp. Managing Partner Current
Corel Corporation Chairman of the Board Current
Corel Corporation Board of Directors Current
Harvard University A.B. In Economics Former

Ian Giffen became a member of Corel's board of directors in January 2006. Since 1996, Mr. Giffen has been an advisor to or director of software companies and technology investment funds. From January 1992 to January 1996, Mr. Giffen was Vice President and Chief Financial Officer of Alias Research until its acquisition by Silicon Graphics. Mr. Giffen is currently a director of MKS and Descartes Systems and a director or advisor to a number of other private companies. Mr. Giffen has previously served on the board of directors of a number of public and private companies including Macromedia, 724 Solutions, Sierra Systems Inc, Financial Models, DPS, Open Text, Delano Technology, Algorithmics, DWL, Changepoint and MGI Software. He is a Chartered Accountant and has a B.A. in Business Administration from the University of Strathclyde in Glasgow, Scotland.

Organization Position Status
Corel Corporation Committee Chair for Audit Committee Current
Corel Corporation Board of Directors Current
Alias Research, Inc. Chief Financial Officer Former
Alias Research, Inc. Vice President Former
Changepoint, Inc. Board of Directors Former
Mgi Software Corp. Board of Directors Former
Algorithmics, Inc Board of Directors Former
University of Strathclyde B.A. In Business Administration Former

Organization Position Status
Vector Capital Corp. Partner Current
Corel Corporation Board of Directors Current
CommercialWare, Inc. CEO Former
McKinsey & Company, Inc. NA Former
General Atlantic, LLC identifying and building enterprise software Former
Harvard Business School MBA with distinction Former
University of Pennsylvania B.S. in Chemical Engineering Former
Wharton Graduate School of the University of Pennsylvania B.S. in Economics Former

Daniel T. Ciporin joined Canaan Partners in 2007 as a Venture Partner specializing in digital media and communications investments. Dan is the former Chairman and Chief Executive Officer of Shopping.com, a publicly traded online comparison shopping service. As CEO of the company beginning in 1999, Ciporin oversaw the company's growth from zero to over $100 million in revenues in just 5 years, culminating in the company's initial public offering in October 2004. During his tenure Shopping.com became the leader and dominant player in the newly emerging sector of comparison shopping, and was the third largest ecommerce site on the web before it was acquired by eBay in August of 2005. Prior to Shopping.com, Mr. Ciporin served as senior vice president of MasterCard International, where he managed global debit services. In this position, he was responsible for the marketing and product management of all MasterCard online global debit products, including the MasterCard /Cirrus ; ATM Network and the Maestro global, online point-of-sale (POS) debit program. His efforts helped establish the company's market leadership in the global electronic debit market. Before joining MasterCard, Mr. Ciporin was a management consultant for Mars and Co. and Corporate Value Associates, and was responsible for conducting strategy studies for Fortune 500 companies. In 1980 and 1981, Mr. Ciporin served as director of Educational Programs for the Sakaeo Refugee Camp, a Cambodian refugee camp in Sakaeo, Thailand. The camp was run by the International Rescue Committee as part of a United Nations-funded program. Mr. Ciporin earned his AB degree at the Woodrow Wilson School of Public and International Affairs from Princeton University in 1980 and his MBA degree at the Yale University School of Management in 1986. Mr. Ciporin is on the boards of VistaPrint Ltd. (VPRT), a publicly traded internet printing company, and Primedia (PRM), one of the world's leading targeted media companies. More recently, Mr. Ciporin was chairman of the Internet Lab, a US-Israeli incubator for early-stage Internet consumer start-ups co-founded by Gemini Israel Funds and Lightspeed Venture Partners. He continues to serve as a senior advisor and consultant to a variety of high growth private companies. At Canaan, Dan sits on the board of Lending Club.

Organization Position Status
Canaan Partners Venture Partner Current
Lending Club Corporation Venture Partner Current
Lending Club Corporation Board of Directors Current
VistaPrint Limited Board of Directors Current
Corel Corporation Board of Directors Current
Prm, Inc. Board of Directors Current
Mars, Incorporated Strategy Consultant Former
Yale University MBA Former
Yale School of Management MBA Degree Former
Woodrow Wilson School of Public and International Affairs Ba Degree Former
Princeton University A.B. Former

Organization Position Status
Corel Corporation Board of Directors Current

Organization Position Status
Teknion Corporation Senior Vice President of Corporate Development Current
Teknion Corporation Director Current
Pele Mountain Resources, Inc Director Current
Corel Corporation Board of Directors Current
Teknion Corporation Director, Corp Development Former
McGill University Bachelor of Commerce Former

Executive News

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    Los Angeles Times - 9/03/09 - View Story

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    dmnews.com - 8/14/09 - View Story

  • Dobson Named President, Pitney Bowes Management Services

    Business Wire - 8/14/09 - View Story

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CREL $3.94 +0.00 (0% )
Volume 12,800
Shares Outstanding 25.9M
Market Cap 102.0M
Year High 4.99
Year Low 1.35
Earnings Per Share -0.11
P/E Ratio N/A
Dividend 0.00
Yield 0.00
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