Ad Remover joins Corel’s collection of industry-leading utility software brands, including WinZip System Utilities, Parallels Toolbox, ReviverSoft and SimpleStar
Corel today announced that it has acquired the popular ad-blocking extension Ad Remover™. Financial details of the transaction were not disclosed.
“Corel sees many synergies between Ad Remover and our overall utilities business as we leverage the strengths of our extensive digital direct platforms, partnerships and channels to take Ad Remover to new markets and dramatically expand its global presence,” said Christa Quarles, CEO of Corel. “As a fully subscription-based product with strong customer retention, Ad Remover fits well into Corel’s next phase of growth and our commitment to offering users exceptional, high-value subscription experiences. We look forward to advancing Ad Remover’s mission which, like our renowned WinZip products, empowers customers to take control of their privacy and security on their platforms of choice – Windows, Mac and mobile.”
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“With a strong history of growth and drive to deliver value to our customers, the Ad Remover team is excited to have found a partner who shares our philosophy and has the resources to take our products to the next level,” said Jon Coudron, CEO of Ad Remover. “As part of Corel, we can now unlock new opportunities for our technology and extend our reach to millions of customers around the world.”
Hennepin Partners acted as Ad Remover’s exclusive financial advisor and Fredrikson & Byron served as legal counsel. Kirkland & Ellis LLP served as legal counsel for Corel Inc.
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