Corel Corporation provides its customers with the creative tools they need to unleash their imaginations. With more than 15 years of industry experience, loyal customers worldwide and a heritage of software innovation, the company has earned an international reputation as a developer of award-winning graphics and business productivity applications on multiple platforms. It also develops market-leading, Web-based solutions, including applications, content, e-commerce and online services. Headquartered in Ottawa, Canada, Corel is one of Silicon Valley North's most influential software companies. Its common stock trades on the Nasdaq Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR.
In January 2001, Corel unveiled a new corporate strategy designed to build on its core strengths while capitalizing on its standing as a global technology leader. Corel's framework for growth is shaped around three phases or "horizons". The first horizon focuses on two key goals: strengthening the company's position in the graphics market and effectively managing the business applications division in order to upgrade its large base of existing users. The Web is the focus of horizon two. During this phase, Corel will develop advanced Web-based functionality within existing and new product lines. Horizon three will center around the development of technology for rapidly growing emerging markets, such as wireless and Web-based services.