1. SaaS Expertise. Parallels acquires software as a service technology to complement its existing SaaS initiatives. By merging technology from Sphera with existing Parallels products, Parallels will be able to provide customers with even better SaaS capabilities.
2. ISV Application Reach. Independent Software Vendors (ISVs) who package their software using the Application Packaging Standard will benefit by being able to reach over 150,000 additional business customers and major service providers who use and distribute Sphera products.
3. Telecom Partnerships. Parallels will benefit from Sphera's relationships with telecommunication carriers such as AT&T, Telecom Italia, Japan Telecom, Charter Communications, Bezeq, So-net, NTT Plala, and several others. Parallels has a complete set of products and solutions to extend the capabilities that Sphera offers to these partners.
4. Partnerships. Sphera has strong partnerships with leading companies such as IBM, Microsoft, and Mitsui, who work with Sphera to meet the SaaS needs of telecom customers and ISVs.
5. Team. Parallels will leverage the telecom and SaaS expertise from Sphera's team.
Sphera customers and partners will benefit from depth and breadth of solutions and resources offered by Parallels. As a rapidly growing company, Parallels provides the stability and support required by customers making an investment in software infrastructure solutions.
Sphera's products will remain intact and supported. Existing maintenance contracts will be honored. Services engagements that are underway/planned will continue according to the timelines established prior to the acquisition.
Over time, Parallels will incorporate the best features of the Sphera platform into the Parallels System Automation product. Customers will be given the option to upgrade to Parallels System Automation to take advantage of the additional features and capabilities which it provides.
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