Cisco has made an equity investment in hosting and cloud services enablement company Parallels, which supports joint go-to-market activities to deliver cloud service capabilities. 

The investment is intended to strengthen inter-company collaboration towards accelerating customer adoption of Parallels cloud service delivery products with Cisco cloud and data centre infrastructure solutions.

As part of the investment, Parallels and Cisco also agreed to expand joint development, marketing, and industry initiatives.

“Cisco is continuing its commitment to technology development and innovation through strategic investments,” says Hilton Romanski, VP: corporate business development at Cisco.
“In collaboration with Parallels we are focused on offering a more efficient and easier to use cloud services delivery model for service providers.”
“Parallels is committed to enabling our service provider customers to offer the most comprehensive, seamless, and flexible set of cloud services for their SMB end-users,” says Birger Steen, CEO of Parallels.
“By strengthening our collaboration with Cisco, Parallels is focused on accelerating its growth and offering an end to end solution for cloud service providers.”