In scanning the prospectus for Corel Corporation’s planned IPO, I was interested to see the revenue numbers for compression company WinZip. Vector Capital has combined WinZip with Corel in setting up the share sale, and yearly WinZip revenues are in the filing:
- 2003: $25.3 million
- 2004: $24.9 million
- 2005: $22.7 million
Interesting that the compression business has not only stalled, but is in steady decline.