Founder Robert Voit needed a name to protect his assets legally, but at the time had not decided to make a go of the company so he came up with a tongue-in-cheek name. 'Jasc' is derived from the acronym J.A.S.C. While a few positions remained in the Minneapolis area, most operations were transferred to Corel's other offices. This effectively put an end to the former Jasc Software establishment. On November 28, 2007, Corel announced the closure of the Minneapolis office. had 120 employees, with revenues of more than $30 million. At the time of deal closure, Jasc Software, Inc. Amish Mehta would continue to serve as the Chief Executive Officer of Corel Corporation, and several members of the Jasc senior management team would join Corel. Under the acquisition, Corel would maintain the former Jasc facility in Minneapolis, Minnesota for the Paint Shop family operations. at announcement day, with the acquisition expected to be closed by the end of October 2004. On October 14, 2004, Corel Corporation announced the acquisition of Jasc Software, Inc. After Shot (later released as Photo Album).Jasc Software also created other popular software titles, including: was an Eden Prairie, Minnesota-based company founded by Robert Voit, the creator of Paint Shop Pro, a popular graphics editing program. Paint Shop Pro, Animation Shop, Image Robot, Media Center Plus, Webdraw, After Shot
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