Corel has acquired Parallels

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Parallels, one of the most notorious pieces of software for desktop virtualization, is now under new ownership.

Corel, the developer of software such as Small CorelDRAW Graphics Suite iconCorelDRAW Graphics Suite and Small Corel VideoStudio iconCorel VideoStudio, has announced that it's acquiring the Parallels IP and its developers. The software that Corel now owns includes the following:

These, alongside every other piece of Parallels software, were acquired by Corel for an undisclosed amount of money. The only financial details disclosed were that Corel "plans significant investment" into the Parallels, with plans to release products on Small Android iconAndroid, Chromebooks, Small iOS iconiOS, Small Linux kernel iconLinux kernel, Small macOS iconmacOS, Windows, and the cloud.

Further coverage:
Corel press release
Parallels news post
TechCrunch
VentureBeat

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