Parallels is a privately held virtualization technology company with offices in 15 countries, including the USA, Germany, UK, France, Japan, China, Russia, Australia and Ukraine. Parallels headquarters is in Bellevue, Washington. The company has more than 1000 employees as of 2015.
Parallels, Inc. was an SWsoft company until January 2008; each company operated as a separate entity and maintained its own distinct branding. In December 2007, Parallels parent company SWsoft announced its plans to change its name to Parallels and ship both companies' products under the Parallels name. The merger was formalized in January 2008. Parallels has development centers in Moscow and Novosibirsk.
Parallels acquired 2X Software in February 2015. In March 2015 Parallels rebranded their service provider business unit to Odin. In December 2015 Parallels sold its Odin Service Automation Platform to Ingram Micro.