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Ottawa’s Corel has completed the acquisition of InterVideo Inc. which is a leading provider of digital media authoring and playback software with a focus on high-definition video and DVD technologies. The deal is said to be worth $196 million in an all cash deal. InterVideo’s product suite allows consumers to record, edit, author, distribute adn play digital multimedia content on PCs and other devices.

“The addition of InterVideo and Ulead products to our existing digital imaging portfolio puts Corel in a unique position to meet the evolving needs of consumers demanding higher quality and more accessible digital media content - specifically high-definition digital images and videos accompanied by more creative and enjoyable ways to view and share them,” said Blaine Mathieu, general manager of Corel’s Digital Imaging Business. “With the ongoing convergence of different media and devices, consumers need easier-to-use tools that can handle all media types - video, photo and audio - on an equal basis. Corel will fulfill this growing demand by delivering new, easier-to-use, multi-purpose video and imaging software products to consumers and enterprises worldwide.”

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