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September 03, 2015 12:11 PM ET


Company Overview of Parallels, Inc.

Company Overview

Parallels, Inc. offers hosting and cloud services enablement, Web management, and cloud infrastructure solutions in the United States and internationally. The company’s hosting and cloud automation solutions include Parallels Automation for the automate delivery of cloud services portfolio. Its hosting and cloud automation solutions also include Parallels Plesk Automation, a multi-server management solution for growing hosters; and Parallels Business Automation Standard, a hosting automation solution that supports management of business aspects of a Web hosting service, including email hosting, shared hosting, VPS, hypervisor-based virtual machines, dedicated servers, domain registration, SS...

500 SW 39th Street

Suite 200

Renton, WA 98057

United States

Founded in 1999





Key Executives for Parallels, Inc.

Chief Executive Officer
Age: 49
Founder, President, President of Marketing & Alliances and Director
Founder and Executive Chairman
Founder and Vice President of Desktop Virtualization
Age: 40
Chief Finance Officer
Compensation as of Fiscal Year 2015.

Parallels, Inc. Key Developments

Parallels Launches Parallels Desktop 11 for Mac

Parallels launched Parallels Desktop 11 for Mac. The release includes a new version of the software for developers, designers and power users, Parallels Desktop for Mac Pro Edition. It also includes Parallels Desktop for Mac Business Edition, previously known as the Enterprise Edition. The new editions of Parallels Desktop for Mac benefit from speed improvements of up to 50%, Travel Mode which extends battery life up to 25% while on the go, support for Windows 10 along with OS X El Capitan readiness and a host of other features for both Windows and Mac users. Parallels Desktop 11 empowers Mac users to run Windows 10 and leverage the advantages of Microsoft’s intelligent personal assistant, Cortana, when using both Windows and OS X. This is the first time that Parallels Desktop has ever made a Windows feature available for OS X applications. Parallels Desktop 11 also provides experimental support for OS X El Capitan prior to its launch, and will fully support the platform shortly after its release to give users a seamless experience with the latest OSes. New Parallels Desktop 11 ease-of-use benefits include improved performance and battery life with the use of Travel Mode, which can easily be activated to optimize performance. When users are on the go and not connected to power, Parallels Desktop Travel Mode will automatically extend battery life by up to 25% by temporarily shutting off resources that drain power. Parallels Desktop 11 for Mac offers tremendous speed performance improvements over the previous version for an even faster work experience, including1: Windows launch and shutdown is up to 50% faster; File operations inside of Windows are improved by up to 2%; Virtual machine suspend is up to 20% faster; Travel Mode can increase battery life up to 25%; Improved network performance. Parallels Desktop 11 for Mac Pro Edition is a new version of the software specifically designed for developers, designers and power users, giving them the powerful tools they need for maximum productivity. The Pro Edition supports integration with popular developer tools including Docker, Visual Studio (plug-in), Chef and Jenkins, Vagrant, Guest OS debugging and network simulation. Parallels Desktop 11 for Mac Pro Edition empowers users to run preview Windows machines and use nested virtualization for both Windows and Linux guests, making it the perfect tool for developers, power users and testers who need a variety of virtual machine environments, including simulation of more complex deployments. Parallels Desktop for Mac Business Edition, previously known as Parallels Desktop for Mac Enterprise Edition, Parallels Desktop for Mac Business Edition includes all Pro Edition features, offering IT admins the most efficient means to enable their employees with Macs to run Windows applications. The Business Edition builds upon Parallels Desktop’s award-winning solution by adding administrative features that enable IT departments to control and manage end user virtual machines as well as manage and administer licenses via the new Parallels License Management Portal. This exclusive feature provides IT administrators with vital information, such as license expirations, usage statistics, and real-time visibility into licensing activities, to easily manage all of their deployed licenses. Parallels Desktop for Mac Business Edition also supports business cloud services including Box, Dropbox for Business and OneDrive® Business. Parallels Desktop 11 for Mac, Parallels Desktop 11 for Mac Pro Edition and Parallels Desktop 11 for Mac Business Edition are available now to both current and new Parallels Desktop for Mac users at and at local retail stores worldwide. The recommended retail price (RRP) of Parallels Desktop 11 for Mac is $79.99. Upgrades for existing Parallels Desktop 9 or 10 for Mac customers are $49.99, with an introductory offer to upgrade to a Parallels Desktop for Mac Pro Edition subscription for $49.99 per year. Parallels Desktop 11 for Mac Pro Edition and Parallels Desktop 11 for Mac Business Edition are available to new customers for $99.99 per year. Parallels Desktop for Mac Pro Edition includes a complimentary Parallels Access ( subscription to remotely access their Mac from any device.

Parallels Launches Parallels Access 3.0 Remote Access App and Service

Parallels introduced an update to its Parallels access app for remote access to PCs and Macs1. Launched on both iOS and Android platforms, Parallels has added large file sharing for both that requires no cloud service and wastes no time uploading files of any size, with the ability to manage everything from the desktop agent. As part of this launch, Parallels is introducing a companion app for Apple® Watch, providing users with the ability to see remote computers and initiate a connection for an even better remote experience. Parallels Access transforms mobile devices into more powerful computing machines by allowing them to remotely run any application, edit documents, and search through and access all the files on a remote computer through a universal file manager. It also allows user to use any computer with a modern web browser to access and run everything on user remote computer. Parallels Access is ideal for professionals who want to travel light, but still access all their computer files on the go, or a home user that just wants the peace of mind knowing that all of their files and photos are available with a tap or click from anywhere in the world. The unique ‘Application’ technology of Parallels Access makes desktop apps behave like native apps on tablets and phones. With an eye toward helping people play their favorite computer games from any iOS device, Parallels Access has added experimental support for Gaming Mode, empowering them to access and play games in a more interactive way. The feature offers improved controls, with a control editor that enables users to create customized touch-based command shortcuts to games such as: Diablo III®, Elder Scrolls®: Skyrim, NFS Rivals, League of Legends and Borderlands® 2. Additional Updates for iOS Only Include: universal support for portrait and landscape for enhanced usability; new OneDrive support for cloud storage in addition to existing support for Google Drive and Dropbox providing consumers additional options; file previews in icons through File Manager for easier navigation; and 64-bit support for new CPU architecture on iOS devices. Parallels Access is available in the Apple iTunes App Store and on Google Play with a two week free trial. Individual subscriptions are available for purchase for $19.99 for one year or $34.99 for two years. Users can access up to five remote computers from an unlimited number of iOS and Android tablets and phones or computers with a modern web browser. As a limited-time, special offer, new customers who purchase Parallels Access can get a two-year subscription for $29.99. Hardware requirements include iPad: iPad mini 2 and iPad 2 or later running iOS 8; iPhone: iPhone 6s and later running iOS 8; and Android: most tablets and phones running Android 5.0. Remote computers can be a PC running Windows 10, Windows 8.1, Windows 8 or Windows 7, or a Mac running OS X El Capitan (experimental support), OS X Yosemite (10.10), OS X Mavericks (10.9), OS X Mountain Lion (10.8) and OS X Lion (10.7).

Parallels Announces Partnership with Yola to Deliver White-Labeled Web Presence Services to the IT channel

Parallels announced a collaboration with Yola to offer Web Business Builder. The partnership with Yola, and its integrated technology partners Ecwid and SiteWit, will allow Parallels partners to sell an integrated set of web presence services. Key feature highlights of the solution include advanced style designer gives users the ability to highly customize professional-looking websites that renders on any device, customization of websites as a premium service, fully enabled social media integration and mobile website publishing with e-commerce support, innovative SEO monitoring tools with keyword usage and traffic reports, premium website analytics and built-in marketing tools, AdWord purchasing through SEM analytics, which optimizes sales campaigns and lowers an SMB’s cost per click – powered by SiteWit, full integration of advanced e-commerce tools – powered by Ecwid, End-to-end e-commerce with inventory management, order tracking, integrated tax calculations and real-time shipping.

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