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Parallels announces Cisco investment

Parallels announces Cisco investment

Partnership to deliver Cloud service capabilities to its SMB customers

Virtualisation and Cloud service provider, Parallels, has inked a global partnership with Cisco to deliver Cloud service capabilities to its SMB customers.

Cisco made an equity investment in the company as it supports joint go-to-market activities to deliver Cloud service delivery capabilities.

According to Parallels, the investment is intended to strengthen inter-company collaboration towards accelerating customer adoption of Parallels’ Cloud service delivery products with Cisco Cloud and datacentre infrastructure solutions.

As part of the investment, Parallels and Cisco will expand joint development, marketing and industry initiatives.

“By strengthening our collaboration with Cisco, Parallels is focused on accelerating its growth and offering an end-to-end solution for Cloud service providers,” Parallels CEO, Birger Steen, said.

Cisco corporate business development vice-president, Hilton Romanski, said Parallels’ global presence - including its operations in Russia - affords Cisco a continued opportunity to fuel innovation there and around the world. “Cisco is continuing its commitment to technology development through strategic investments. We are focused on offering a more efficient and easier-to-use Cloud services delivery model for service providers,” he added.

More to follow.

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