Parallels - M&A Summary, Ownership, and Business Overview

SoftwareCompany

Parallels M&A Summary

Parallels has acquired 3 companies of its own. It has also divested 2 assets.

It’s largest disclosed sale occurred in 2017, when it sold Plesk to WebPros HoldCo B.V. for $105M. Parallels has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include software (100%).

Parallels Ownership

Who owns Parallels?

Parallels is owned by Corel. It was acquired on December 20, 2018.

Parallels Business Overview

Where is Parallels headquartered?

Parallels is headquartered in Renton, Washington.

What sector is Parallels in?

Parallels is a software company.

When was Parallels founded?

Parallels was founded in 1999.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 2

Parallels, Inc.

500 SW 39th Street, Suite 200,
Renton, Washington 98057
United States,
(425) 282-6400
www.parallels.com

Parallels makes it simple for customers to use and access the applications and files they need on any device or operating system. Parallels helps businesses and individuals securely and productively use their favorite devices and preferred technology, whether it’s Windows, Mac, iOS, Android, Chromebook, Linux, Raspberry Pi, or the Cloud. Parallels solutions enable seamless delivery of virtual desktops and applications to any device; running Windows on a Mac; Mac management with Microsoft SCCM; remote access to PCs and Mac computers from any device; and deliver time savings by simplifying tedious common PC and Mac tasks down to just one click.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
Sell (0.0/yr) # 2 - - - - - 2
vol $105M $105M
  5

Most Recent M&A

Company Date Value Type
Plesk, Inc. 2017-05-02 105M USD Divestiture
Chantilly, Vermont · www.plesk.com
Odin Service Automation 2015-12-02 - Divestiture
Ashburn, Virginia · www.odin.com
2X Software Ltd. 2015-02-25 - Add-on Acquisition
Gzira, Malta · www.2x.com
WebHost Automation Ltd. 2007-12-20 - Add-on Acquisition
Bristol, United Kingdom · www.webhostautomation.com
Plesk, Inc. 2003-06-01 - Add-on Acquisition
Chantilly, Vermont · www.plesk.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 3 (100%) - 2 (100%) 105M (100%)
Total 3 - 2 $105M

By Geo

State/Country Buy Value Sell Value
United States 1 - 2 105M
  Vermont 1 - 1 105M
  Virginia - - 1 -
Malta 1 - - -
United Kingdom 1 - - -
Domestic 1 (33%) - 2 (100%) 105M (100%)
Cross-border 2 (67%) - - -
Total 3 - 2 $105M

Deal Values

sell # Total
$100M to $1B 1 $105M
TOTAL $105M
Largest Plesk, Inc.
$105M (2017-05-02)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Software

Established

1999

Former Name

SWsoft, Inc.

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