The acquisition will help Corel expand into the digital media software market, the firm said. InterVideo also focuses on high definition and DVD technology.
The firm has said that all partners will continue to work through their respective vendors until further integration is completed.
Corel chief executive officer David Dobson, said: "This strategic combination further strengthens Corel's leadership position in digital media software and will enable us to deliver even greater value to our customers, partners and shareholders worldwide. We welcome InterVideo's employees, customers and partners to Corel and we look forward to working with them."
Automation firms UiPath and Automation Anywhere close out their funding rounds with $265m and $300m respectively
View photos of last night's awards ceremony in London
View photos of all the winners from the 2018 Channel Awards
After a glittering awards evening in Battersea celebrating 25 years of the Awards, we are pleased to share the list of winners and judges' commended winners