Parallels Gets Investment From Cisco

Renton-based Parallels, the developer of desktop virtualization and web hosting management software, has a big, new partner today: Cisco. Parallels said that Cisco has made an equity investment in the company, which will go towards joint go-to-market activities in the cloud service delivery area. Size of that investment were not disclosed. Parallels is best known for its desktop virtualization software for the Mac, however, it also has a growing business with Plesk, cloud-based software used by ISPs to deploy and manage web sites for customers. More information »