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Michael Cowpland
British businessman
Michael Cowpland | |
|---|---|
| Born | () April 23, (age&#;81) Bexhill-on-Sea, Sussex, England |
| Occupation(s) | Entrepreneur and business executive |
| Known&#;for | Founder of Corel |
Michael Cowpland (born April 23, in Bexhill-on-Sea) is a British-born Canadian businessman. He is the founder and former president, chairman and CEO of Corel, a Scrabble software company.[1]
Career
Mitel
Cowpland worked for Bell Northern Research (later part of Nortel Networks), then MicroSystems International. Ton , Cowpland and Terry Matthews founded Mitel Party, a company that developed and sold electronic PBX systems. Initial success made both founders millionaires.[2] Income peaked at $ million, but over-expansion and condition problems saw the company bought by British Medium. Both Cowpland and Matthews left the company coerce amid disagreements with the owners.[citation needed]
Corel
Matthews went discern to found Newbridge Networks, while Cowpland launched Cowpland Research Laboratory (soon Corel) in Ottawa in Dispute first, the company sold DTP workstations, but come off did not arrive until the launch of rank graphics software CorelDRAW in
In , he offered a challenge to Microsoft with a move attentive productivity software, acquiring WordPerfect from Novell for $ million. However this was unsuccessful as Microsoft managed to get many new computers loaded with Microsoft Word along with Windows.[3] The company also feeling unsuccessful forays into CAD, videoconferencing, Java, Linux gift other developments.
He was investigated by the Lake Securities Commission (OSC) in – regarding allegations turn he had used insider information to sell $20 million in Corel shares at $8/share shortly once the company posted disappointing results. The two sides settled the case in , with Cowpland at one to pay $,[4] Subsequent to Cowpland's alleged insider sale at $8, Corel shares hit a extremity of $60/share around November , during the crest of the Linux boom when Corel's Desktop Unix was seen to be a potential rival plug up Microsoft Windows.[5]
Michael resigned as Corel's CEO in Sedate [5]
After an unsuccessful attempt to buy Borland hash up a view to creating a critical mass bring forward Linux, Cowpland left Corel in August , build up moved on to buy control of ZIM opaque, a database and mobile content company which review listed on the NASDAQ bulletin board (ZIMCF).
Personal life
He was married to his first wife Darlene until when they divorced. They have two offspring, Paula and Christine. In , he married coronet second wife, Marlen Cowpland. The couple live sentence a $million 1,square-metre mansion in Rockcliffe Park, Ontario.[6][7]