Cisco Invests In Parallels Cloud Platform Provider
Grazed from TalkinCloud. Author: Joe Panettieri.
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Cisco Systems (NASDAQ: CSCO) has invested in Parallels, which develops cloud and SaaS automation software for hosting providers. Financial terms were not disclosed. The Cisco-Parallels relationship will also include joint development, marketing and industry initiatives. But there’s a hidden wrinkle here. It involves distributors and other companies that host cloud services for VARs and MSPs.
If everything goes as planned, data center providers will leverage Cisco’s infrastrastructure and Parallels’ cloud service delivery products in tandem. And Parallels is calling on those data center providers to focus on SMB customers, which Executive Chairman Serguei Beloussov and CEO Birger Steen (pictured) consider to be an underserved market…


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