Renton, WA, January 26, 2010 — Parallels, worldwide leader in Cloud services automation and virtualization software, today announced that it has won a Red Herring Global 100 award. The award is given to the leading private companies from North America, Europe, and Asia, recognizing their innovations and technologies across their respective industries.
Parallels serves consumers, businesses, service providers, software vendors and more, offering a wide range of services to help individuals and organizations of all sizes realize the benefits of Cloud computing.
"Choosing the best out of the previous three years was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. The top 100 companies who were chosen should be extremely proud, the competition was difficult."
"To be recognized by Red Herring with a Global 100 award is an excellent way to begin 2010," said Serguei Beloussov, Parallels chairman and CEO. "The award further validates the continued momentum of the company, particularly in the Cloud services space. Parallels will continue to innovate this year and enable many more organizations to profit from the Cloud."
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.
Parallels is a worldwide leader in virtualization and automation software that optimizes computing for consumers, businesses, and cloud services providers across all major hardware, operating systems, and virtualization platforms. Founded in 1999, Parallels is a fast-growing company with more than 700 employees in North America, Europe, and Asia. For more information, please visit www.parallels.com.
About Red Herring Global 100
Red Herring’s Global 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Yahoo, Skype, Netscape, Salesforce.com, YouTube, and eBay would change the way we live and work.