|[January 17, 2013]
Parallels Announces Cisco Investment
RENTON, Wash. --(Business Wire)--
Parallels, the hosting and cloud services enablement leader, announced
today that Cisco (News - Alert) has made an equity investment in the company that
supports joint go-to-market activities to deliver industry-leading cloud
service delivery capabilities.
The investment is intended to strengthen inter-company collaboration
towards accelerating customer adoption of Parallels cloud service
delivery products with Cisco cloud and data center infrastructure
solutions. As part of the investment, Parallels and Cisco also agreed to
expand joint development, marketing and industry initiatives.
"Cisco is continuing its commitment to technology development and
innovation through strategic investments," said Hilton Romanski, Vice
President, Corporate Business Development, Cisco. "In collaboration with
Parallels, we are focused on offering a more efficient and easier-to-use
cloud services delivery modelfor service providers. We are particularly
excited about Parallels global presence - including its operations in
Russia - which affords Cisco a continued opportunity to fuel innovation
there and around the world."
"Parallels is committed to enabling our service provider customers to
offer the most comprehensive, seamless and flexible set of cloud
services for their SMB end-users," said Birger Steen, CEO, Parallels.
"By strengthening our collaboration with Cisco, Parallels is focused on
accelerating its growth and offering an end-to-end solution for cloud
Parallels is a worldwide leader in hosting and cloud service enablement
and desktop virtualization. Founded in 1999, Parallels is a fast-growing
company with more than 900 employees in North America, Europe and Asia.
For more information, visit www.parallels.com/spp,
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