Corel has acquired the Roxio product line from Rovi Corporation and, with it, expand its product portfolio to include Roxio's range of digital media and security solutions.

The acquisition includes Roxio Creator, the industry's most popular digital media suite, and Roxio Toast, the leading optical burning software on the Mac platform. The deal is expected to close this month. Financial details of the agreement were not disclosed.

Corel says it sees both technology and business advantages to this acquisition. From a technology perspective, it will draw upon the complementary video, photo, audio, and disc burning technologies found in both Roxio and Corel software "to deliver even more capabilities to users and further enhance the customer experience offered across Corel's product portfolio."?

From a business perspective, Corel will take advantage of its well-established global infrastructure "to dramatically broaden distribution of Roxio products into new international markets."

"Roxio has a large install base, with over 350 million units sold worldwide, and our products are offered through similar channels spanning retail, direct, OEM and enterprise sales,"? said Shawn Cadeau, Senior Vice President, Global Marketing at Corel. "On the digital media side, we will have a full blown multimedia suite and a new offering on the Mac platform. For WinZip, we will be able to further expand our suite of tools, with new data protection and security software."

The Roxio product line, now in Corel's portfolio, includes Roxio Creator, Roxio Toast, Roxio Game Capture, Roxio Easy VHS to DVD, Roxio CinePlayer DVD Decoder, Roxio BackOnTrack Suite and Roxio. Corel announced the release of its first Roxio product, Roxio Easy VHS to DVD 3 Plus, that adds sharing compatibility with YouTube and Facebook, or saving to mobile devices like iPhone.

Story filed 12.02.12