Corel has spun off its video and network computing divisions to create a new wholly-owned subsidiary, Corel Computer Corp.
Corel Computer Corp?s primary offering will be video conferencing software and hardware based on its desktop CorelVideo product, the forthcoming Corel Video Network Computer and CorelVideo Compression CAM software, which works over local area networks and telephone lines.
The unit will be headed by Eid Eid, Corel?s former vice president of technology and staffed by 80 existing Corel employees. Roger Bryanton, Corel?s former director of video technology will manage the engineering team and Pat Beirne, Corel?s chief engineer will oversee the further development of CorelVideo.
Corel Computer Corp will operate a direct sales model rather than Corel?s traditional third party channel approach, and the aim is to make the unit a separate profit centre over the next 12 months.
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