GlobeNewswire by notified

Corel is reimagining the future of work—and its own historic brand—as it fully rebrands as Alludo

Share

Alludo provides software tools that liberate knowledge workers from the 9-5 grind, enabling them to create, ideate, and share any time, anywhere, on any device.

OTTAWA, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Corel, a global technology company helping people work better and live better, announced today that it is undergoing a full rebrand, including a new name: Alludo. Alludo had more than 2.5 million paying customer relationships in more than 130 countries across diverse industries this past year. Leveraging a 35+ year history, Alludo is behind award-winning, globally recognizable brands including Parallels, CorelDRAW, MindManager, and WinZip. This rebranding is part of Alludo’s commitment to reimagining the future of work—not just where people work, but also how, when, and even why they work.

“This is a watershed moment for us,” said Christa Quarles, Chief Executive Officer, Alludo. “We’re reimagining the way the world works by not just writing a new chapter, but a whole new playbook. This new playbook reimagines what work feels like—for our customers and ourselves. We believe in working better and living better, and we want our solutions to deliver just that, boldly and intentionally. That’s why we’ve decided it’s time for a new brand. We’re delighted to share this news with you today, by welcoming you to Alludo.”

It’s impossible to overstate how much the world has changed since Corel was founded in 1985 —and Corel, too, has evolved beyond its original brand with the acquisition of several software brands. The name Alludo (pronounced “ah-LOO-dough") represents a cohesive identity and is a nod to the company’s purpose: to empower “all you do.” That’s because Alludo's software products have a broad impact that gives knowledge workers freedom and flexibility to work, dream, and live in the best way for them. With this purpose in mind, the company will continue to focus on growth - organically and through mergers and acquisitions.

Alludo is reimagining the world of work and innovating to make every day easier so its customers—and its employees—have the freedom to devote more time to what matters most. In line with its new vision for what the new world of work needs, it recently gave its employees the freedom to choose where they wanted to work from, and 95% opted for working remotely.

The Alludo parent brand respects the identity and purpose of its world-renowned sub-brands while tying them more closely together. Now, all employees are united under one brand, no matter what they’re working on or where they are in the world. Customers can expect the same great products and service from the brands they love supporting all they do with renewed energy and thought leadership.

For more information, visit www.alludo.com.

About Alludo

Alludo is a global technology company helping people work better and live better. We’re the people behind award-winning, globally recognizable brands including Parallels®, CorelDRAW®, MindManager®, and WinZip®. Our professional-caliber graphics, virtualization, and productivity solutions are finely tuned for the digital remote workforce delivering the freedom to work when, where, and how you want. With a 35+ year legacy of innovation, Alludo empowers ALL YOU DO helping more than 2.5 million paying customers to enable, ideate, create, and share on any device, anywhere. To learn more, visit www.alludo.com.

Media Contact
Beatrice Vogel
Director of Global PR at Alludo
Beatrice.vogel@alludo.com

© 2022 Cascade Parent Limited trading as Alludo. All rights reserved. Alludo, and the Alludo logo are trademarks of Cascade Parent Limited in Canada, the United States and/or elsewhere. Corel, CorelDRAW, MindManager, and WinZip are trademarks or registered trademarks of Corel Corporation. Parallels is a trademark or registered trademark of Parallels International GmbH. All other company, product and service names, logos, brands and any registered or unregistered trademarks mentioned are used for identification purposes only and remain the exclusive property of their respective owners. For all notices and legal information please visit www.alludo.com/en/legal, www.corel.com/en/legal-information/ and www.parallels.com/about/legal/

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a8943424-48dd-4808-aa9e-2371747c49d9
https://www.globenewswire.com/NewsRoom/AttachmentNg/d2c4d870-8c69-42d0-aa3b-1db09997fda4
https://www.globenewswire.com/NewsRoom/AttachmentNg/93fca496-36ab-4774-a0fe-fe084921c63c
https://www.globenewswire.com/NewsRoom/AttachmentNg/13a64c45-315a-4875-b418-6f27c487d345
https://www.globenewswire.com/NewsRoom/AttachmentNg/b8e98866-c1e7-48c6-9c3d-36685e3be103

A video accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/43d8e8dc-3827-4356-b597-5d27bbef034b

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Camposol Holding PLC - Invitation to the Third Quarter 2022 Financial Results Presentation26.11.2022 00:03:54 CET | Press release

Camposol Holding PLC will announce its financial results of the third quarter of 2022 on Tuesday, November 29, at 13:00 (GMT -5). The call will be conducted by our CEO, Jose Antonio Gomez - Bazan. Use the following link to register and participate in the call: Participant Registration URL: https://register.vevent.com/register/BI64a53cb1ca2843bdb219d095254b1c94 Participants are advised to log on to the service and check their settings a few minutes before the conference call begins. About CAMPOSOL CAMPOSOL is a multinational company that provides families around the world with fresh and healthy food. We have operations in Chile, Colombia, Mexico, Peru, and Uruguay, commercial offices in North America, Europe, and Asia, a corporate office in Costa Rica, and trusted relationships with the main supermarkets worldwide, as well as customers in more than 40 countries. We are involved in the harvest, processing, and marketing of high-quality agricultural products such as avocados, blueberries,

Cool Company Ltd. - Granting of Share Options and Restricted Stock Units to Primary Insiders and Mandatory Notifications of Trade25.11.2022 22:42:08 CET | Press release

Bermuda, November 25, 2022: Reference is made to the stock exchange notice from Cool Company Ltd. (“CoolCo” or the “Company”) on November 25, 2022 announcing that the board of directors of the Company (the “Board”) had resolved to implement a long-term incentive program for employees, management and board members of the Company and its affiliates (the "LTIP"). Pursuant to the LTIP, the Board has resolved to grant options over a total number of 1,237,423 shares and 115,000 restricted stock units to employees, management and board members of the Company (equivalent to approximately 2.25% and 0.2% of the Company's share capital, respectively), of which 11,507 restricted stock units and options over a total number of 742,454 shares were granted to primary insiders of the Company (equivalent to approximately 0.02% and 1.38% of the Company's share capital, respectively). Each share option, when exercised, carries the right to acquire one share in CoolCo, giving the right to acquire up to in

Cool Company Ltd. - Approval of Long-Term Incentive Plan25.11.2022 20:13:34 CET | Press release

Bermuda, November 25, 2022: The board of directors (the “Board”) of Cool Company Ltd. (“CoolCo” or the “Company”) has resolved to implement a long-term incentive plan (the “LTIP”) for employees, management and board members of the Company and its affiliates. The overall purpose of the LTIP is to promote the success of the Company for the benefit of its shareholders, by providing a framework for the retention and incentivization of employees using the Company’s equity and thereby aligning their interests with the Company and its affiliates. The LTIP provides for the grant of equity awards, with the intention being for the initial awards to be granted as options (“Options”) and restricted stock units (the “RSUs”), as further detailed below. Shares used under the LTIP are expected to be covered by the Board's authorization to issue authorized and unissued shares in connection with a grant of warrants, options or other securities with rights to convert such securities into shares of the Co

Fingerprint Cards AB (publ) publishes the final outcome of the rights issue25.11.2022 20:10:00 CET | Press release

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS), AUSTRALIA, JAPAN, CANADA, HONG KONG, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE IN ACCORDANCE WITH APPLICABLE LAW. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE SECTION "IMPORTANT INFORMATION" AT THE END OF THE PRESS RELEASE. The final outcome in Fingerprint Cards AB’s (publ) (“Fingerprints” or the “Company”) SEK 300 million rights issue of B-units (“B-units”), consisting of new B-shares and warrants (the “Fully Guaranteed Rights Issue”) shows that 16,851,001 B-units, corresponding to approximately 84.9 per cent of the B-units offered, have been subscribed for with support of unit subscription rights. The remaining 2,987,938 B-units have been subscribed for without support of unit subscription rights, corres

Fingerprint Cards AB (publ) offentliggör slutligt utfall i företrädesemissionen25.11.2022 20:10:00 CET | Pressemelding

EJ FÖR OFFENTLIGGÖRANDE, PUBLICERING ELLER DISTRIBUTION, DIREKT ELLER INDIREKT, INOM ELLER TILL USA (INKLUSIVE DESS TERRIRTORIER OCH BESITTNINGAR), AUSTRALIEN, JAPAN, KANADA, HONGKONG, NYA ZEELAND, SINGAPORE ELLER SYDAFRIKA ELLER NÅGON ANNAN JURISDIKTION DÄR DISTRIBUTION ELLER OFFENTLIGGÖRANDE SKULLE VARA OLAGLIGT ELLER KRÄVA REGISTERING ELLER ANDRA ÅTGÄRDER ENLIGT GÄLLANDE LAG. ANDRA RESTRIKTIONER ÄR TILLÄMPLIGA. VÄNLIGEN SE AVSNITTET "VIKTIG INFORMATION" I SLUTET AV DETTA PRESSMEDDELANDE. Det slutliga utfallet i Fingerprint Cards AB:s (publ) (“Fingerprints” eller “Bolaget”) företrädesemission av B-units om 300 miljoner kronor (”B-units”), bestående av nya B-aktier och teckningsoptioner (den ”Fullt Garanterade Företrädesemissionen”) visar att 16 851 001 B-units, motsvarande cirka 84,9 procent av erbjudna B-units, har tecknats med stöd av uniträtter. Återstående 2 987 938 B-units tecknades utan stöd av uniträtter, motsvarande cirka 15,1 procent av erbjudna B-units. Tillsammans utgör te