Home Virtualization Vender Parallels CEO Sees IPO in a Few Years, Not an Acquisition

Virtualization Vender Parallels CEO Sees IPO in a Few Years, Not an Acquisition


Parallels Chief Executive Officer Serguei Beloussov says he wants to take the software maker public in about two years, striving to stay independent.

Companies including Microsoft Corp. and International Business Machines Corp. have “casually” approached him about an acquisition, Beloussov said in an interview last week. Parallels, based in Renton, Washington, would consider a bid if it provided a significant premium, he said, without elaborating.
Parallels’ software lets computers run multiple operating systems. The market for so-called virtualization software, which lets clients reduce costs by buying fewer machines, will more than double to $4 billion in 2013, according to research firm Gartner Inc. Parallels competes in some areas with market leader VMware Inc.
To learn more and to read the entire article at its source, please refer to the following page, Parallels CEO Sees IPO in a Few Years, Not an Acquisition – Bloomberg.com


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