Cisco Investment in Parallels Strengthens Cloud Delivery Capabilities

Parallels Cloud Storage, a cloud service provider, stated last week that an equity investment had been made by Cisco in the company. This move will aide the joint go-to-market proceedings to deliver cloud service delivery capabilities.

According to the press release from Parallels last week, the investment is set to cement inter-company collaboration, and will work towards speeding up customer adoption of Parallels' cloud service delivery products with Cisco cloud and data center infrastructure solutions.

Included in this investment is the assurance that both Parallels and Cisco agree to broaden joint development, marketing and industry initiatives. However, what needs to be taken into consideration is how this will affect distributors and other companies which host cloud services for VARs and MSPs.

The Parallels Summit will take place in a few weeks in Las Vegas, and the announcement from the company comes in anticipation of that event.

The CEO of Parallels, Birger Steen, stated that: "Parallels is committed to enabling our service provider customers to offer the most comprehensive, seamless and flexible set of cloud services for their SMB end-users. By strengthening our collaboration with Cisco, Parallels is focused on accelerating its growth and offering an end-to-end solution for cloud service providers."

Parallels has a strong following in the IT channel and the company's technology aides Microsoft in syndicating Office 365 to telecommunications companies like Sprint. Other distributors utilize Parallels for cloud services aggregation which allow VARs and MSPs to source multiple cloud applications for customers. (CY) Link. Link