Corel acquires Texas-based ad-blocking software maker in bid

Corel acquires Texas-based ad-blocking software maker in bid to boost recurring revenues


​Corel’s new CEO hasn’t wasted any time putting her stamp on the Ottawa-based software company. 
The firm announced this week it has finalized the purchase of popular ad-blocking platform Ad Remover, its first deal under the leadership of California-based tech veteran Christa Quarles. Financial terms of the transaction were not disclosed.
Hired last September with a mandate to pursue growth through acquisitions, the new boss has delivered. On Tuesday, Quarles said the firm’s first deal under her watch will not be the last.
“This is not it, by any means,” she said in an interview with OBJ. “I think we have a strategic as well as an opportunistic M&A mindset. We go out looking in the marketplace for deals that we believe are strategic and complementary to our existing business. But then sometimes, we’re opportunistic as different assets come on to the market.”

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