In 2005, Parallels accepted its first institutional round of funding from Insight Venture Partners, Bessemer Venture Partners, and Intel Capital to further accelerate its global presence in both the service provider and enterprise markets.

Bessemer Venture Partners

Bessemer Venture Partners carries on one of the longest-standing private venture capital operations in the country. With more than a billion dollars under management, BVP has almost a century's experience of investing in and helping to build innovative, high-growth companies. Many leading innovators, including Parametric Technology, Ciena, VeriSign, Staples, Veritas and Gartner, selected BVP as their early-stage venture partner. BVP has offices in California, Massachusetts and New York. For more information, please visit the Bessemer Venture Partners website at www.bvp.com.

Insight Venture Partners

Insight Venture Partners, with approximately $1.5 billion in funds under management, is the leading venture capital firm specializing in enterprise software companies. Insight invests in entrepreneurial companies developing technology-based solutions for the corporate enterprise. Headquartered in New York, Insight has taken a global approach to e-commerce investing in a market where speed, domain expertise, and the ability to execute are the foundations of success. More information on Insight is available at www.insightpartners.com.

Intel Capital

Intel Capital, Intel's strategic investment program, is one of the largest global corporate venture programs investing in the technology segment. Its mission is to make and manage financially attractive investments that support Intel's strategic objectives. For more information, visit www.intel.com/capital.