Cisco has made an equity investment of undisclosed value in global hosting and cloud services enablement company Parallels. The investment is intended to support joint activities to deliver cloud service delivery capabilities and to accelerate customer adoption of Parallels cloud service delivery products with Cisco cloud and data centre infrastructure equipment.
The two companies will expand joint development, marketing and industry initiatives. Cisco vice president of corporate business development Hilton Romanski said the company was excited about Parallels’ global presence, including its operations in Russia. He added that the companies would focus on offering a more efficient and easier-to-use cloud services delivery model.
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