Parallels Receives Minority Investment

Parallels, a global provider of cloud services enablement, has received an undisclosed minority investment from emerging markets private equity specialist Siguler Guff &Company.
The round, which was conducted by Siguler Guff’s Russian investment arm, Russia Partners, included global venture capital firm Bessemer Venture Partners.
Parallels provides automation and virtualization solutions that enable cloud services providers to profitably offer cloud services in markets around the world. Founded in 1999, the company has 700 employees working in its numerous sales and business offices across the U.S., Europe and Asia.
Parallel has significant research and development operations in Russia.

Join the discussion