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WinZip purchased by Vector Capital

WinZipC|Net is reporting that WinZip Computing has been purchased by Vector Capital, a turnaround specialist that previously bought Corel Corp., took the company private, and restored it to profitability.

WinZip has never charged for upgrades or new versions, a common practice in the software world. And it has not added extra features for customers that paid the $29 licensing fee. Vector plans to "change that by reminding users a little more firmly that the software costs money, as well as likely coming out with features that only paying customers can download," the report says. Vector has also signed a marketing and distribution agreement with Google. Of course, there are plenty of free compression tools out there, so we can't help but wonder how successful Vector will be at squeezing some fossil fuel out of this dinosaur.

Read the entire article here.

 

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