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Corel teams up for Web meeting website

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Corel Corp. (TSE: CRE) reported before the bell that it is teaming up with ConceptShare Inc. to launch CorelDrawConceptShare.com. The project is the first in a five-year partnership between the two Canadian companies.

CorelDrawConceptShare.com allows users to have a Web meeting about images. Users can collaborate through online doodling, chat and sticky notes.

“CorelDRAW has long been recognized as a premier graphics application that delivers the features and functionality our users need to be more productive in their day-to-day activities,” said Gerard Metrailler, Corel’s director of product management, said in a statement. “We understand the time many users spend trying to collaborate on designs and feel that partnering with ConceptShare, an emerging leader in the online collaboration space, provides our users with the ability to get the feedback they need on all of their designs in an efficient and meaningful way.”

In today’s trading, CRE shares were down 0.82%, or $0.09, at $10.94. Over the last 52 weeks, shares have ranged from $10.75 to $16.77.