Hosting Solutions Provider, Parallels, Named in Red Herring Top Private List

Renton, Washington - (The Hosting News) - May 27, 2008 - Server virtualization, datacenter automation and SaaS software provider, Parallels, was recently selected for inclusion in the top 100 privately-held technology companies, honored by Red Herring.

Serguei Beloussov, CEO of Parallels noted, ''Being named by Red Herring as one of the 100 top companies in North America is a great honor and further demonstrates our commitment to providing our customers with great technology that delivers real value every day. It is a tribute to our more than 900 employees around the world who continue to develop and market innovative software with the highest level of professionalism and customer service.''

IDC market data has indicated that Parallels is the world's second-largest virtualization solutions provider. It produces: the #1 desktop virtualization solution, Parallels Desktop for Mac, which was the first to enable Apple computer users to run Windows and Mac OS X simultaneously; the #1 container-based server virtualization solution, Parallels Virtuozzo Containers; and the world's #1 control panel, Parallels Plesk. Parallels software powers more than 250,000 servers and 1,100,000 desktops, and services more than 10,000,000 end-users every day.

Joel Dreyfuss, Editor-in-Chief of Red Herring noted, ''Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity. With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch.''

Red Herring's annual lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

Red Herring is a global media company focusing on high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.

Parallels (formerly SWsoft) is a worldwide leader in virtualization and automation software that optimizes computing for consumers, businesses, and service providers across all major hardware, operating systems, and virtualization platforms. Founded in 1999, Parallels is a fast-growing company with 900 employees in North America, Europe, and Asia.

For more information on Red Herring, please visit: www.redherring.com.

To learn more about Parallels, please visit: www.parallels.com.

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