Cisco buys into Parallels
Networking giant Cisco has bought a stake in virtualisation and cloud enablement specialist Parallels.
Jan 22, 2013
Cisco has made an as yet unspecified equity investment in Parallels. The latter company is perhaps best known for its virtualisation software, but also offers a range of products for hosting and cloud service providers.
The intention is to promote the use of Parallels' software with Cisco's cloud and data centre products. Joint development and marketing initiatives are foreshadowed.
"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 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."
Parallels CEO Birger Steen said "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."
The intention is to promote the use of Parallels' software with Cisco's cloud and data centre products. Joint development and marketing initiatives are foreshadowed.
"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 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."
Parallels CEO Birger Steen said "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."