Vector Capital’s Corel confirms acquisition of Parallels
Corel Corp has acquired Parallels, a Bellevue, Washington-based provider of cross-platform virtualization and automation solutions. No financial terms were disclosed for the deal, which confirms a November report by TechCrunch. Corel, an Ottawa-based graphics, productivity and digital media software company, said it plans to make a significant investment in the Parallels brand to support global growth opportunities. Corel is owned by U.S. private equity firm Vector Capital, which took the company private in 2003 and 2010.
20 December 2018•3 mins read
