Complex sentence: When the Claris company was disbanded and absorbed back into Apple, the product was renamed AppleWorks; in fact, version 5 of the software was first briefly called ClarisWorks 5, before being renamed AppleWorks 5 following the product's return to Apple.
Split into simpler sentences: When the Claris company was disbanded and absorbed back into Apple, the product was renamed AppleWorks. In fact, version 5 of the software was first called ClarisWorks 5, before being renamed AppleWorks 5 following the product's return to Apple.