CyberLink makes strategic investment in Perfect Corp. to focus on growing mobile beauty and style platforms
Taipei, Taiwan—April 15th, 2015 — CyberLink Corp. (5203.TW), the world’s leading consumer multimedia software company, today announced the launch of Perfect Corp. Perfect Corp. is a spin-off of CyberLink focused on exploring and developing the growing market for mobile beauty applications through its flagship mobile app platforms YouCam Makeup and YouCam Perfect. The plan to establish the new company was unanimously approved by CyberLink’s Board of Directors today with a strategic investment from CyberLink and members of its management team.
The global smartphone market is estimated to grow to 3.4 billion units shipped by 2020, presenting unprecedented opportunities for companies to access an increasingly mobile-first global consumer. CyberLink has applied its nearly two decades of experience as a world-class software developer, as well as its expertise in global marketing to create pioneering mobile apps for virtual cosmetic application and selfie editing. These apps have generated more than 30 million downloads in less than one year and Perfect Corp. was established to capitalize on the opportunities presented by this growing community of global users.
“Perfect Corp. will provide a premier online destination for beauty enthusiasts from around the world,” said Alice H. Chang, CEO of CyberLink. “The company will draw from the successes, scale and scope of a well-established industry leader in CyberLink, and combine it with entrepreneurial energy to create a unique new entity offering something truly original in the mobile app market.”
Dr. Jau Huang, Chairman of CyberLink, added, “CyberLink has long been a leader in the digital media space and our recent push into the mobile app market was a natural progression. The founding of Perfect Corp. is the next step in that advancement and will enable the company to more effectively and dynamically realize the opportunities generated by the market. At the same time, the move frees CyberLink to devote increased focus to its "Create & Play" product development and marketing strategies, and extend its leadership in digital media software.”
YouCam Makeup is available for free on the App Store and Google Play.
About Perfect Corp.
Perfect Corporation is dedicated to meeting the infinite diversity of individuals’ beauty desires with a unique mobile platform devoted to all things beauty. With groundbreaking mobile apps for virtual cosmetic application and selfie beautification, Perfect Corp. aims to transform the way consumers and cosmetic companies interact with beauty. Further information about Perfect Corp. can be found at perfectcorp.com
CyberLink (5203.TW) is a world leader in multimedia software design. Since 1996, CyberLink has transformed how people enjoy and create media on PCs, mobile devices and in the Cloud. The company’s award-winning products are sold to all major PC manufacturers as well as millions of customers worldwide. Headquartered in Taipei, Taiwan, CyberLink also runs regional operations through offices in the US, Japan, Europe and Asia-Pacific territories. Further information about CyberLink can be found at cyberlink.com.
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