Type subsidiary Products Computer software Ceased operations 2006 | Industry Software publishing Headquarters Taipei, Taiwan Parent organization Corel | |
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Key people Lotus Chen, Founder
Way-Zen Chen, Founder
Lewis Liaw, Founder
Steve Ro, Chairman
Eldon Liu, CEO Revenue USD 34.46 million (2005) Number of employees 287 in Ulead Headquarters (January 31, 2006) Founded 5 August 1989, Taipei, Taiwan | ||
Ulead Systems (Chinese: 友立資訊; pinyin: Yǒulì Zīxùn; Pe̍h-ōe-jī: Iú-li̍p-chu-sìn) is a Taiwanese computer software company headquartered in Neihu district in Taipei, Taiwan. It is a subsidiary of Corel.
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History
Ulead was founded on August 5, 1989 by Lotus Chen, Lewis Liaw and Way-Zen Chen. They founded Ulead with the support of Microtek after leaving Taiwan's Institute for Information Industry in order to further develop and commercialize their first true color image editing software, PhotoStyler, on the Windows platform.
Ulead sold PhotoStyler through Aldus software as a software developer. However, Aldus merged into Adobe Systems in 1994 and PhotoStyler is no longer available. Ulead then continued to develop PhotoImpact 3 as its flagship image editor and sell PhotoImpact by itself. Today, PhotoImpact is known as a competitor of Adobe Photoshop.
Ulead Systems then extended its development of multimedia software in various areas such as video editing, media management, web utility, DVD authoring and digital home.
On September 17, 2001, Ulead was listed on the Taiwan Stock Exchange as 2487.TW.
On April 13, 2005, InterVideo acquired Ulead Systems for approximately $68 million. On July 9, 2006, InterVideo announced its merger with Ulead to be completed on December 28, 2006.
On 28 August 2006, Corel announced that it would acquire InterVideo for about $196 million.
On October 24, 2006, Ulead was unlisted on the Taiwan Stock Exchange.
On December 12, 2006, Corel announced the acquisition of InterVideo and Ulead had been completed.