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Cisco’s stake in Parallels ramps up rivalry with VMware

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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

To learn more and to read the entire article at its source, please refer to the following page, Cisco’s stake in Parallels ramps up rivalry with VMware- Infoworld Virtualization

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