Corel sells XmetaL to Blast Radius

The Globe and Mail: "Corel sells XmetaL to Blast Radius"

Feb. 6 2004 - Blast Radius and Corel have signed an agreement whereby Blast Radius will acquire all assets of Corel's XMetaL division. The deal is expected to close within the next several days. XMetaL is an XML authoring product that Blast Radius says will complement its existing content collaboration product offerings, also based on XML standards.

XMetaL simplifies the creation of valid XML content, and streamlines the process of distributing information to the Web, print and other media. XMetaL customers include Nike Timing, CIBC World Markets, KBC Bank and Insurance, Texas Instruments, ICP Europe Publishing, Mercury Marine, and Continental Airlines.

The XMetaL 4 Platform is Composed of Four Components:

XMetaL Author, a customizable XML editing environment; XMetaL for ActiveX, an editing interface; XMetaL Developer, a centralized development environment for creating XMetaL customizations and applications and XMetaL Central, a server-based XML environment management tool.

Hopefully they know what to do with it. Corel bought Softquad severall years ago (2000 or 2001?), and likely paid top dollar (in other words too much). I would expect it will help Blast Radius sell more services into current Xmetal customers. But what else can they do with it, even as hot as all things xml are? Any comments VM...