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Corel Acquires Awingu To Accelerate Its Secure Remote Workspace Offering

Jun 13, 2022over 3 years ago

Acquiring Company

Corel

Acquired Company

Awingu

SoftwareHealth CareSoftware

Description

Corel, a leader in professional creativity and productivity solutions, today announced it has acquired Awingu, a provider of secure remote access technology, for an undisclosed amount. Awingu will become a part of the Parallels brand portfolio. The combination of Awingu and the Parallels® Remote Application Server (RAS) platform will give end users added flexibility and freedom they need to securely work from anywhere, at any time, on any device, or OS. Parallels, part of the Corel group, is an all-in-one application delivery and virtual desktop infrastructure (VDI) solution that provides remote access to virtual applications and desktops delivered through on-premises, hybrid, or cloud-based environments.

Company Information

Company

Corel

About

Corel products enable millions of connected knowledge workers around the world to do great work faster. Offering some of the industry's best-known software brands, we give individuals and teams the power to create, collaborate, and deliver impressive results. Our success is driven by an unwavering commitment to deliver a broad portfolio of innovative applications – including CorelDRAW, MindManager, Parallels, and WinZip – to inspire users and help them achieve their goals. To learn more about Corel, please visit www.corel.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed