Red Herring Names Parallels One of North America's 100 Top Private Companies

May 23, 2008; 01:58 AM

RENTON, Wash., May 22, 2008 -- Parallels, Inc., a leading provider of virtualization, datacenter automation and SaaS software, was named to the Red Herring 100 North America, which honors the top 100 privately-held technology companies.

According to recent IDC market data, 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.

"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," said Serguei Beloussov, CEO of Parallels. "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."

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," says Joel Dreyfuss, Editor-in-Chief of Red Herring. "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.

About Red Herring

Red Herring is a global media company which unites the world’s best 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. More information about Red Herring is available on the Internet at www.redherring.com.

About Parallels – Optimized Computing
Parallels is a worldwide leader in virtualization and automation software that optimizes computing for consumers, businesses, and service providers across all major hardware, operating system, and virtualization platforms. Founded in 1999, Parallels is a fast-growing company with 900 employees in North America, Europe, and Asia.

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Media/Analyst Contact:

Ben Rudolph

Director of Corp Communications, Parallels Inc.

(425) 282-6446

ben@parallels.com