Parallels Holdings Limited, the Schaffhausen, Switzerland-based company owning Parallels, Odin Automation, Plesk and Virtuozzo business units, sold its Odin Service Automation platform, along with the associated cloud management technologies, intellectual property and the Odin brand, to Ingram Micro Inc..
The amount of the deal was not disclosed.
Going forward, Parallels cross-platform solutions business unit will continue to operate as a standalone company under the Parallels brand.
The Plesk business unit, providing web management solutions to more than 10 million small businesses and hosters worldwide, will operate as a standalone company under the Plesk brand and will be led by Nils Hueneke. The Virtuozzo business unit, which develops container virtualization technology, will operate as a standalone company under the Virtuozzo brand, led by Rob Lovell. All three business units will continue to be owned and controlled by Parallels Holdings Limited.
Founded by current Executive Chairman Serguei Beloussov and led (since 2010) by CEO Birger Steen, the company has built market leading positions in desktop virtualization, server and container virtualization, control panel and cloud service automatio. It is backed by Bessemer Venture Partners, Insight, Intel Capital, Almaz, Russia Partner, Cisco and Ingram Micro. With 2014 revenues in excess of $150m, .