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| '''Michael Cowpland''' (born ], ]) is a ] entrepreneur, businessman, and the founder and one-time president, chairman and CEO of ], a Canadian software company. | '''Michael Cowpland''' (born ], ]) is a ] entrepreneur, businessman, and the founder and one-time president, chairman and CEO of ], a Canadian software company. | ||
| ==Early |
==Early life== | ||
| Cowpland was born in ], ], ] and obtained a BSc. in engineering from ] before moving to Canada in ]. He completed his masters (1968) and Ph.D. (1973) at ], ]. | Cowpland was born in ], ], ] and obtained a BSc. in engineering from ] before moving to Canada in ]. He completed his masters (1968) and Ph.D. (1973) at ], ]. | ||
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| After an unsuccessful attempt to buy Borland with a view of creating a critical mass for Linux, Cowpland left Corel in August 2000, and moved on to buy control of ZIM corporation, a database and mobile content company which is listed on the NASDAQ bulletin board (ZIMCF). | After an unsuccessful attempt to buy Borland with a view of creating a critical mass for Linux, Cowpland left Corel in August 2000, and moved on to buy control of ZIM corporation, a database and mobile content company which is listed on the NASDAQ bulletin board (ZIMCF). | ||
| ==Personal |
==Personal life== | ||
| Cowpland has two daughters from his first marriage. | Cowpland has two daughters from his first marriage. | ||
Revision as of 01:02, 30 May 2008
Michael Cowpland (born April 23, 1943) is a Canadian entrepreneur, businessman, and the founder and one-time president, chairman and CEO of Corel, a Canadian software company.
Early life
Cowpland was born in Bexhill, Sussex, England and obtained a BSc. in engineering from Imperial College London before moving to Canada in 1964. He completed his masters (1968) and Ph.D. (1973) at Carleton University, Ottawa.
Mitel
He worked for Bell Northern Research (later part of Nortel Networks) and then MicroSystems International. In 1973, Cowpland and Terry Matthews founded Mitel Networks, a company that developed and sold electronic PBX systems. Initial success made both founders millionaires. Sales peaked at $250 million but over-expansion and development problems saw the company bought by British Telecom. Both Cowpland and Matthews left the company in 1984 amid disagreements with the owners.
Corel
Matthews went on to found Newbridge Networks while Cowpland launched Cowpland Research Laboratory (soon Corel) in Ottawa in 1985. At first the company sold DTP workstations, but success did not arrive until the launch of the graphics software CorelDRAW in 1989.
In 1996 he offered a challenge to Microsoft with a move into productivity software, acquiring WordPerfect from Novell for $158 million. The company also made unsuccessful forays into CAD, videoconferencing, Java, Linux and other developments.
He was investigated by the Ontario Securities Commission (OSC) in 1999-2000 into allegations that he had used insider information to sell $20 million in Corel shares at $8/share shortly before the company posted disappointing results. This issue was settled in 2003 Subsequent to Cowpland's alleged insider sale at $8, Corel shares hit a peak of $60/share around November 1999, during the height of the Linux boom when Corel's version of Desktop Linux was seen to be a potential rival to Microsoft Windows.
After an unsuccessful attempt to buy Borland with a view of creating a critical mass for Linux, Cowpland left Corel in August 2000, and moved on to buy control of ZIM corporation, a database and mobile content company which is listed on the NASDAQ bulletin board (ZIMCF).
Personal life
Cowpland has two daughters from his first marriage.
Maclean's reported that Cowpland was frequently in Switzerland, at tennis courts or golf courses, while his programmers spent hours going over code. They also stated that he kept a drawer full of "youthful" drugs.
In 1992 he married his second wife, Marlen Cowpland, a young platinum blonde best known for her diamond-pierced navel. Their honeymoon photos, showing Michael and Marlen posing in front of their private jet and gull-wing door sports car, generated much attention, as did the Corel Christmas Card which featured Marlen in a tight red suit.
They live in a 20,000 ft² house in Rockcliffe Park, Ottawa. While Rockcliffe Park is now as a traditional blue-blood district, neighbors were outraged by the Cowpland's frequent partying.
Marlen later had a hit TV series "Celebrity Pets" for 2 years on CTV featuring interviews with 52 international celebrities and their pets.
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