Parallels announced today that it has received an investment of undisclosed size from Cisco, money that the Renton-based company will use to bolster its cloud services efforts. As part of the deal, Cisco and Parallels also agreed to expand their joint marketing efforts.
More than 9,000 service providers already rely on Parallels to deliver applications and cloud services via its Application Packaging Standard.
“Parallels is committed to enabling our service provider customers to offer the most comprehensive, seamless and flexible set of cloud services for their (small and medium business) end-users,” said Parallels CEO Birger Steen in a statement. “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 investment is a shot in the arm for Parallels, a large software company that flies under the radar in Renton. Founded in 1999, Parallels now employs more than 900 people worldwide. The company is best known for its desktop virtualization service that allows computer users to utilize Mac and PC applications at the same time.
Previously on GeekWire: Parallels names new finance and tech chiefs, prepping for possible IPO and acquisitions