WinZip acquired by Vector

Posted on Monday, July 18 2005 @ 16:06 CEST by Thomas De Maesschalck

WinZip has been acquired by turnaround investor Vector Capital. The popular shareware program has been downloaded more than 140 million times and this number increases with 500,000 downloads a week.

After a 30-day trial the program asks a $29 fee but it continues to work like before without paying. Until now WinZip also provided free upgrades and new versions but Vector will try to change this by reminding users a bit more firmly that the software costs money.

They will also give paying users some new features and they have signed a marketing and distribution agreement with search engine king Google. More info at CNET

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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