Parallels, Inc. is a privately held virtualization technology company with offices in the USA, Germany, UK, France, Japan, China, Russia, Australia and Ukraine. Parallels headquarters is in Renton, Washington. The company has more than 900 employees as of 2013.
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.