Corel to move Minnesota R&D work to Taiwan

Multimedia software provider Corel Corp., Ottawa, Ontario, Canada, will transfer its Minnesota Research and Development operations in the United States to Corel Taiwan, according to Jeremy Liang, president of Corel Taiwan, reports DigiTimes.

Corel Taiwan currently has 360 employees of which 250 are engaged in R&D, Liang indicated, adding that the company will recruit more than 20 new R&D employees due to the transfer of the R&D works from Minnesota.

Corel decided to transfer its Minnesota R&D operations to Taiwan because Corel Taiwan is Corel's Asia Pacific regional operations center and the region is of increasing importance to Corel, Liang explained.

Mainly due to a merger with InterVideo and Taiwan-based Ulead Systems, Corel's sales revenue from the Asia Pacific market as a percentage of total sales rose to 20.6 percent in 2007, much higher than the 8.2 percent before the merger, Liang said in the article.