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M&A Deal Summary

Parallels Acquires 2X Software

On February 25, 2015, Parallels acquired software company 2X Software

Acquisition Highlights
  • This is Parallels’ 3rd transaction in the Software sector.
  • This is Parallels’ 1st transaction in Malta.

M&A Deal Summary
Date 2015-02-25
Target 2X Software
Sector Software
Buyer(s) Parallels
Deal Type Add-on Acquisition

Target

2X Software

Gzira, Malta
2X Software Ltd. is a provider in application virtualization, remote application delivery, and mobile device management solutions.

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Buyer(S) 1

Buyer

Parallels

Renton, Washington, United States
Category Company
Founded 1999
Sector Software
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 3
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Malta M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-20 WebHost Automation

Bristol, United Kingdom

WebHost Automation Ltd. is a maker of the Helm control panel and billing software for Windows with nearly 1.5 million end users worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Odin Service Automation

Ashburn, Virginia, United States

The Odin Service Automation technology platform provides a single, centralized management console for managing the offer and delivery of cloud services, and supports multiple tiers of service resellers with customizable white-labeled customer-facing websites to initiate ordering and provisioning. Odin Service Automation delivers an out-of-the-box, customizable storefront that can be linked to an existing website. It includes customer self-enrollment with built-in fraud screening, and can be configured to support custom purchase workflows. Sales-representative-assisted customer enrollment is also supported via the service provider control panel.

Sell -
Mergr

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