Cascade Parent Limited, doing business as Alludo (/əˈluː.doʊ/ ə-LOO-doh[2]), is a Canadian software company headquartered in Ottawa, Ontario, specializing in graphics processing.

Mitel needed writing and creative design programs to enhance the company product line.

As part of the deal, Corel acquired a minority interest in Hoffmann + Associates and received royalties.

A new board of directors was then appointed and Derek Burney Jr., announced that the product line would be split into several brands—DeepWhite, ProCreate, and Corel.

[citation needed] In August 2003, Corel was bought out by the private equity firm Vector Capital for $1.05 a share (slightly more than the cash in the company).

[9] Corel contended that WordPerfect was the only viable alternative to Microsoft Office, with sales 70 times more than Lotus' SmartSuite.

[11] In May 2008, CEO David Dobson announced that he was leaving the company to take a senior strategy role at Pitney Bowes.

[13] In November 2009, it was announced that Vector Capital would be purchasing the remaining shares of common stock in Corel Corporation.

In December 2013, the company's restructuring resulted in the layoffs of the Taipei location's engineering and quality assurance team.

Corel's Taipei office was the core development centre of PaintShop Pro and VideoStudio, one of the company's most well-known photo- and video-editing bundles.

The competition intended to recognize and encourage an international community of graphic artists from over 50,000,000 registered Corel users.