Corel Expands Graphic Design Software Portfolio with Acquisition of Gravit Designer

Corel Expands Graphic Design Software Portfolio with Acquisition of Gravit Designer

Corel Corporation acquired Gravit Designer™, a leading cross-platform, web-based vector graphic design application. Under the purchase agreement, Corel acquired all products and technology owned by Gravit GmbH.

Corel has welcomed the Gravit® team to its development group. The company plans to accelerate the Gravit product line roadmap, expanding Gravit Designer’s reach to new markets and geographies, and ensuring its position as a leader in web-based graphic design. Gravit Designer joins the Corel graphics and digital media portfolio of products including industry-leading applications CorelDRAW® Graphics Suite, Painter®, and PaintShop® Pro.

Expand Corel’s cloud-based software

CEO of Corel, Patrick Nichols said that with a passionate and active community of users, Gravit offers an exceptional web-based graphic design experience. This acquisition will further expand Corel’s cloud-based software offerings, and with their support and investment, Gravit Designer is well positioned to grow its leadership in this space. They are very excited for the opportunities ahead for this exceptional product.

Senior Investment Manager, High-Tech Gründerfonds, former investors of Gravit GmbH, Dr. Marc Umber said that Corel has recognized and endorsed the innovation and vision behind the products and technology developed by the Gravit team. They are pleased that Corel, a global leader in creative software, will now enable the next stage of growth for this exceptional technology.