Way back in January of this year I pondered on this site what was up at WinZip. I had spotted a puzzling Dow Jones story alluding to $15mm in secured notes bought by Vector Capital in support of a deal to buy the compression software company, but there was no “official” announcement at the time from either WinZip or from Vector. Yesterday, however, Vector announced that it had bought WinZip Computing “earlier this year”, and the tech media are dutifully falling into line and reporting the “news”.
So here is what I find baffling: It’s apparently news now, six months after the acquisition, but it wasn’t news back when the acquisition actually happened. Do technology media actually have to be led by the hand in financial stories and told “This is news”? Yeesh.