Parallels Receives New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=83fc4c61-0aed-4b4f-8c7b-290172815eba&Preview=1 -
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
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Venture Investor
Cisco Systems
