Parallels

On September 18 2007, Parallels announced the acquisition of Sphera Corporation to accelerate the delivery of software-as-a-service (SaaS) solutions for consumers, businesses and service providers. Parallels will merge Sphera with its automation software business unit that already powers tens of thousands of servers for businesses and service providers worldwide.

Sphera provides automation, provisioning, virtualization and management software for hosting companies, telecoms and enterprises. It has been a pioneer in developing SaaS and hosting solutions since its founding in 1999 and has partnerships with IBM, Microsoft and Mitsui. Leading telecom providers such as AT&T, Japan Telecom and Telecom Italia utilize Sphera platform to serve 150,000 businesses and more than one million end users with hosted applications.

Parallels is a worldwide leader in virtualization and automation software that optimizes computing for consumers, businesses and service providers across all major hardware, operating system and virtualization platforms. Founded in 1999, Parallels is a fast-growing company with 900 employees in North America, Europe and Asia.


Recent News

September 18, 2007
SWsoft Acquires Sphera to Accelerate Software-as-a-Service Delivery

 


Company Info
 
Country: USA
Industry:    IT
Sector: cloud and software
Status: Unrealized
Vehicle: Vision Capital III


Key persons
 Michael Gold, CEO; Roy Saar, Founder


Company website
 www.parallels.com


Endeavour Vision Team
 
Sven Lingjaerde
Dominique Pitteloud
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