Corel Corporation Hires Former Microsoft Executive to Run Its Asia Pacific and Japan Operations

Kazuo Sakai Joins Corel as Senior Vice President, Asia Pacific and Japan Operations and President, Corel Japan

 
 

OTTAWA–(BUSINESS WIRE)–Corel Corporation (NASDAQ:CREL) (TSX:CRE), a leading developer of graphics, productivity and digital media software, today announced that Kazuo Sakai will join Corel as Senior Vice President, Asia Pacific and Japan Operations and President, Corel Japan effective immediately.

Kazuo Sakai joins Corel with deep industry experience leading sales and marketing operations in Japan and the Asia Pacific region. He also has well established relationships with Japan’s leading OEMs. Prior to joining Corel, Mr. Sakai held senior executive positions at Microsoft, where most recently he served as Program Vice President, Digital Entertainment Partner Group. He also had a long career with AMD, where he served as Chairman of AMD Japan; Corporate Vice President, Sales and Marketing, South Asia Pacific; and Vice President, Sales and Marketing, North Asia Pacific.

In his new role at Corel, Mr. Sakai will immediately assume responsibility for Japan sales and marketing and will later expand his role to include oversight of Corel’s sales and marketing activities in Australia, New Zealand, South East Asia, China, Korea (ANSEACK) and Taiwan.

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“I am very pleased to join Corel to help continue the company’s momentum in one of its highest-growth regions,” said Kazuo Sakai. “Corel software brands such as WinDVD, VideoStudio, DVD MovieWriter and Corel Painter are very popular with customers and partners in these markets and I see great potential to further grow Corel’s business as we enhance our existing OEM relationships, build new OEM relationships, expand our eCommerce platform, and strengthen our ties with key reseller partners.”

“We are delighted to have someone of Sakai-san’s experience and capability join Corel’s executive team, and lead our sales and marketing efforts in Asia Pacific and Japan,” said Kris Hagerman, Interim CEO, Corel Corporation. “Sakai-san is a seasoned executive with a strong track record of success, and we are confident his leadership will allow Corel to take full advantage of the exciting growth opportunities available in this region.”

Forward Looking Statements:

This news release includes forward-looking statements that are based on certain assumptions and reflect our current expectations. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements to differ materially from any future results, performance, or achievements discussed or implied by such forward-looking statements.

These risks, uncertainties and other important factors are described in Corel’s Annual Report dated February 8, 2008, filed with the Securities and Exchange Commission (SEC) and the Canadian Securities Administrators (CSA) under the caption “Risk Factors” and elsewhere. A copy of the Corel Annual Report and such other filings can be obtained on Corel’s website, on the SEC’s website at http://www.sec.gov or on the CSA’s website at http://www.sedar.com. Forward-looking statements speak only as of the date of the document in which they are made. We disclaim any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances on which the forward-looking statement is based.

About Corel

Corel is one of the world’s top software companies with more than 100 million active users in over 75 countries. We develop software that helps people express their ideas and share their stories in more exciting, creative and persuasive ways. Through the years we’ve built a reputation for delivering innovative, trusted products that are easy to learn and use, helping people achieve new levels of productivity. The industry has responded with hundreds of awards for software innovation, design and value.

Our award-winning product portfolio includes some of the world’s most widely recognized and popular software brands including CorelDRAW® Graphics Suite, Corel® Painter™, Corel DESIGNER® Technical Suite, Corel® Paint Shop Pro® Photo, VideoStudio®, WinDVD®, Corel® WordPerfect® Office and WinZip®. Our global headquarters are in Ottawa, Canada, with major offices in the United States, United Kingdom, Germany, China, Taiwan and Japan.

© 2008 Corel Corporation. All rights reserved. Corel, CorelDRAW, Paint Shop Pro, Painter, Corel DESIGNER, VideoStudio, WordPerfect, WinDVD, WinZip, iGrafx, and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies.