Vector Capital to acquire Corel

So Corel’s going private …. Vector’s paying cash for the company – US $1.05 per share.

“We are extremely pleased to have reached a mutually-acceptable proposal with Corel,” said Alex Slusky, Vector Capital’s Managing Partner. “We believe strongly that Corel’s best opportunity moving forward is as a private company. This all-cash transaction offers Corel’s shareholders an attractive premium and relieves them of market and operating risk going forward. Without the costs and distractions of the public market, Corel’s dedicated employees can focus on what they do best — delivering the highest quality software products to a diverse global customer base.” [except for Brycers on the MacOS platform, of course -ed]