Cisco and Ingram Micro are among the investors in virtualisation software producer Parallels, which has been acquired by Corel for an undisclosed sum.

App developer Corel has confirmed its acquisition of US-based desktop virtualisation software provider Parallels, enabling networking equipment producer Cisco to exit. The company has not disclosed the size of the purchase but earlier reports of the prospective transaction described it as an all-cash deal. Parallels has created a suite of software products that enable users…

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