Vector Capital’s Corel acquires venture-backed ClearSlide

Corel Corporation, a portfolio company of Vector Capital, has acquired ClearSlide, Inc. Financial terms were not disclosed.

San Francisco, California based ClearSlide is a sales engagement platform leader that enables sales, marketing, and service teams to drive more successful customer interactions.

Founded in 2009 by CEO Al Lieb and Chief Strategy Officer Jim Benton, ClearSlide had previously raised US $90 million from The Social+Capital Partnership, Greylock Partners, Bessemer Venture Partners, Felicis Ventures, Comcast Ventures and Silicon Valley Bank.

With this acquisition, Corel will make significant investment into the development of ClearSlide’s cloud-based platform, fueling its technology leadership and enabling ClearSlide to grow its business in new markets.

Leveraging the strength of Corel’s ecommerce experience, global channels, and robust network of partners, ClearSlide will have new opportunities to expand its presence both in North America and internationally.

“ClearSlide is an incredible platform that gives sales and marketing teams powerful insights to transform how they interact with customers and deliver success. With this backing from Corel, ClearSlide will benefit from a strong foundation to accelerate its growth and secure its position as the global standard for customer engagement technology,” said Patrick Nichols, CEO of Corel.

“With Corel’s support, ClearSlide will unlock exciting opportunities to expand our business in international markets and serve our users in new ways. Since our founding, we’ve had a singular vision to transform the way sales professionals do their jobs and this partnership will take this vision to the next level. I’m very excited about the possibilities ahead for our business and our customers,” said Benton.

“Our ClearSlide team brings deep expertise in helping clients better navigate the major complexities of modern selling. Today’s sales and marketing professionals know what it’s like to operate in an environment where buying decisions are influenced by multiple stakeholders; finding content is overwhelming; and it’s critical to identify content that resonates with customers in the sales process. With a focus on these universal challenges, ClearSlide gives customers the insight they need to succeed. This knowledge-centric approach is the future of sales and marketing and we see exciting opportunities in this growing B2B market,” added Nichols.

ClearSlide makes it easy for sales and marketing teams to find the best content, effectively communicate, and get insights into exactly how customers engage. ClearSlide helps sales and marketing teams make every interaction count and create truly amazing customer experiences. ClearSlide customers achieve higher seller productivity, increased sales management effectiveness, and stronger content ROI. ClearSlide serves over 2,000 companies with nearly 1 billion minutes of engagement from customers like Autodesk, Comcast, Expedia, Medtronic, Novartis, The Economist, Paychex, Thomson Reuters, Verizon, and more.

photo credit: ClearSlide

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.