Sunday , October 2 2022

Developer CorelDraw Will Buy Software Provider With Russian Roots Parallels – Finance on


The deal can be revealed on Tuesday, November 27, says sources.

Canadian Corel buys a software developer with parallel Russian roots. About this, referring to its sources, TechCrunch writes.

According to the publication, some employees of Parallels are already aware of the deal, the agreement can be officially published on Tuesday, November 27th. Most likely, Parallels will become an independent entity in Corel, according to TechCrunch.

The reason for the sale of the Business Parallels issue does not explain. According to a source, the transaction will be closed in 2019. The sources did not reveal the possible amount of the transaction.

At the time of this writing, Parallel's representatives did not answer questions.

Parallels were founded in 1999 by Russian businessmen Sergey Belousov, Nikolai Dobrovolsky, Ilya and Yakov Zubarev. The company's office is now in 10 countries in the world, and its head office is located in Seattle, USA. Paralleler develops platform software: virtualization and remote access applications.

According to Crunchbase, since 1999, the company held three investment sites. In the first round, the company took $ 12.4 million, the sum of the remaining rounds was not disclosed. Among the company's investors are Intel, Cisco and others.

# news #corel #parallels

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