Parallels Eyes IPO

Ah, this is a story to warm the cockles of the capitalist heart.
Parallels, the originally Russian virtualization company best known for letting Windows run on Macs, is figuring on going public in the second half according to what it told Bloomberg the other day.
It all depends on market conditions of course but it’s planning to use the money raised to expand in the $40 billion cloud services market where it already counts Sprint Nextel, American Movil, Telenor, CenturyLink and Rackspace as clients.
The company, understood to be profitable, reportedly had revenues of $100 million in 2008 and having already made a slew of small acquisitions will doubtless make more.

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