Parallels Receives New Financing Round

  • Feed Type
  • Date
    1/18/2013
  • Company Name
    Parallels
  • Mailing Address
    500 SW 39th Street Renton, WA 98057
  • Company Description
    Parallels (formerly SWsoft) is a worldwide leader in virtualization and automation software that optimizes computing for consumers, businesses, and service providers across all major hardware, operating system, and virtualization platforms.
  • Website
    http://www.parallels.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    As part of the investment, Parallels and Cisco also agreed to expand joint development, marketing and industry initiatives.
  • M&A Terms
  • Venture Investor
    Cisco Systems