August 7, 2001

Corel to buy XML company for $36 million

Author: JT Smith

CNET "Corel on Tuesday said that it has agreed to purchase SoftQuad Software in a move to
boost the Internet resources in its desktop-publishing applications.

In a stock swap worth approximately $36 million, Corel is buying a company with a solid
grounding in XML (Extensible Markup Language), a key technology by which individuals and
companies can create and exchange content on the Web. The language works not only with text,
but also with audio and video data, and is a component of online transactions."


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