July 24, 2016 9:27 AM ET

Software

Company Overview of Parallels, Inc.

Company Overview

Parallels, Inc. provides virtualization technology and Mac management solutions for consumers, businesses, and service providers. It offers Parallels Desktop 11 for Mac to run Windows on the Mac; Parallels Access, which enables users to access their computer anywhere; Parallels Mac Management for Microsoft SCCM that enables IT departments to discover, enroll, and manage Mac devices; and Parallels Remote Application Server, which enables users to manage secured access to their desktops, data, and applications. The company also provides Parallels Mobile Device Management for controlling mobile data; and Parallels Transporter that enables users to move their Windows files from PC to Mac. It ser...

500 SW 39th Street

Suite 200

Renton, WA 98057

United States

Founded in 1999

Phone:

425-282-6400

Fax:

425-282-6445

Key Executives for Parallels, Inc.

Chief Executive Officer
Age: 50
Founder, President, President of Marketing & Alliances, General Manager and Director
Founder and Executive Chairman
Founder and Vice President of Desktop Virtualization
Age: 41
Chief Operating Officer
Compensation as of Fiscal Year 2016.

Parallels, Inc. Key Developments

Parallels Appoints Jerry Huang as Vice President and General Manager of Asia Pacific Region

Parallels announced the appointment of Jerry Huang as vice president and general manager of the Asia Pacific region. Huang is responsible for building upon and growing the strong Asia Pacific demand for Parallels cross-platform software solutions. Huang is a proven business leader in the IT industry in this region. Prior to his current role, Huang served as the Asia Pacific devices sales lead at Microsoft, where he worked closely with country sales and technical teams to support corporate customers efforts in building enterprise mobility capability with Microsoft technology and devices. Based in Singapore, Huang will take over the reins of leadership from outgoing Parallels Asia Pacific vice president and general manager Eugenio Ferrante. Ferrante, who led the company’s regional growth to new heights over the past few years, will be taking on a new role at Parallels.

Parallels, Inc. Announces Parallels Desktop 11 for Mac and Parallels Mac Management for Microsoft SCCM Fully Support New OS X El Capitan

Parallels announced that both Parallels Desktop 11 for Mac and Parallels Mac Management for Microsoft System Center Configuration Manager fully support OS X El Capitan. Parallels Desktop 11 for Mac (build 11.0.2) supports El Capitan as both a host and guest, as well as Windows 10 and dozens of other operating systems as a guest, and now offers the best of both worlds, enabling users to leverage the latest features and functionality from the newest operating system of their choice. In Coherence mode, Parallels Desktop 11 for Mac enables users to run the new OS X El Capitan Split View feature – the ability to display two different apps on one screen for optimal multitasking. In addition, Microsoft’s intelligent personal assistant Cortana can be used on a Mac with both OS X and Windows 10 apps. This is the first time that Parallels Desktop has ever made both Windows and Mac features available across both OS platforms. Product Features: Whether an IT administrator, business user, software developer, power user, or someone that likes to use Windows software on a Mac, Parallels Desktop 11 for Mac has special editions that are optimal for a variety of users. The Parallels Desktop 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. Building on the Pro Edition features, Parallels Desktop for Mac Business Edition offers IT admins the most efficient means to enable their employees with Macs to run Windows applications. Parallels Desktop 11 for Mac, Parallels Desktop for Mac Pro Edition and Parallels Desktop for Mac Business Edition are available now to both current and new Parallels Desktop for Mac users at www.parallels.com/desktop 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 for Mac Pro Edition and Parallels Desktop for Mac Business Edition are available to new customers for $99.99 per year. Parallels Desktop for Mac Pro Edition includes a complimentary subscription to Parallels Access (www.parallels.com/access) to remotely access the Mac and PC computers from any iOS or Android device as well as from other computers. Parallels Mac Management for Microsoft SCCM is available as an annual subscription of $30 per Mac.

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 www.parallels.com/desktop 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 (www.parallels.com/access) subscription to remotely access their Mac from any device.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 2, 2015
Parallels Holdings Ltd., Certain Assets
 

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