On January 17 Parallels announced that Cisco has made a not yet quantified equity investment in the company.
Parallels, well known for its desktop virtualization software, said that the investment is intended to accelerate costumer adoption of Parallels cloud service delivery products in synergy with Cisco cloud and data center solutions.
Cisco is continuing its commitment to technology development and innovation through strategic investments. In collaboration with Parallels, we are focused on offering a more efficient and easier-to-use cloud services delivery model for 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.
said Hilton Romanski, Vice President, Corporate Business Development, Cisco.
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. By strengthening our collaboration with Cisco, Parallels is focused on accelerating its growth and offering an end-to-end solution for cloud service providers.
said Birger Steen, CEO Parallels.