Corel Draw X5 - Corel Corporation (from the abbreviation "Cowpland Research Laboratory") is a software company headquartered in Ottawa, Ontario, specializing in graphics processing. It is known for producing software titles such as CorelDRAW, for having acquired Jasc Software, developers of Paint Shop Pro, in October 2004, and other major companies and products such as Ulead Systems and WordPerfect.

Corel was founded by Michael Cowpland in 1985, as a research laboratory. The company had great success early in the high-tech boom of the 1990s with the product CorelDRAW, and became, for a time, the biggest software company in Canada.

In 1996 it acquired Novell WordPerfect and started competing with the thought of being "Pepsi to Microsoft's Coke" as Microsoft Word was the top-used word processing software at the time. Corel's job was made significantly more difficult due to Microsoft's strategy to push pre-loaded copies of Word onto new computers.