Cisco’s stake in Parallels ramps up rivalry with VMware
Cisco recently announced it has purchased a 1 percent stake in Parallels, a virtualization and cloud services company. In the virtualization world, Parallels is perhaps best known for its desktop virtualization software on a Windows PC or a Mac computer, which allows a user to simultaneously run Linux, Windows, or Mac OS X operating systems and applications on a single machine without having to reboot.
No financial details were disclosed in the official announcement; however, the company insisted the investment would not preclude Parallels from a possible future initial public offering. As part of this new investment, Cisco will get a seat on Parallels’ bo
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