Subject:::Cisco Buys Minority Share of Cloud Service Company Parallels - Unified Communications Unified Communications eNewsletter
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January 24, 2013

Cisco Buys Minority Share of Cloud Service Company Parallels

On the heels of announcing it will acquire Intucell for $475 million, networking giant Cisco (News - Alert) has further expanded its cloud portfolio by purchasing a small share of cloud service delivery software company Parallels.


Cisco has made an undisclosed equity investment in the Seattle-based company, which is earmarked for joint go-to-market activities with the goal of providing improved cloud service delivery capabilities, according to Hilton Romanski, vice president of corporate business development at Cisco.


“Cisco is continuing its commitment to technology development and innovation through strategic investments,” Romanski said in a statement. “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... Read More



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