Corel today confirmed that it will acquire desktop virtualization provider Parallels for an undisclosed sum.
“We’re excited to welcome our new Parallels employees to Corel’s global organization,” Corel CEO [said](Patrick Nichols). “From our highly complementary product portfolios to our shared business models and strategies, Corel and Parallels are a great fit. Thanks to the combined power of our technologies and teams, we see tremendous opportunities to drive continued growth and success for our businesses and, most importantly, our customers.”
News of Corel’s acquisition first surfaced in late November, and the firm quickly confirmed its plans to me and said it would have more to say publicly soon.
Parallels, as you may know, makes Parallels Desktop for Mac and Parallels Toolbox for Windows and Mac, as well as several other related tools. It is my preferred solution for desktop virtualization on the Mac, but the Parallels Toolbox product is quite useful as well, on both platforms.
According to Corel, it will make a “significant investment” in the Parallels business and it believes that it can leverage the strength of its entire product catalog—which includes such heavyweights as CorelDRAW, PaintShop Pro, WinDVD Pro, WinZIP, WordPerfect, and many others—to their mutual benefit.
“Parallels and Corel share a common vision, market leadership, and passion for innovation,” Parallels CEO Jack Zubarev says. “We look forward to continuing to serve our customers and partners with best-in-class software as part of Corel.”