RENTON, Wash. Dec 3 (Bernama-BUSINESS WIRE) -- Parallels Holdings Limited today announced that it has entered into a definitive agreement to sell its Odin Service Automation platform, along with the associated cloud management technologies, intellectual property and the Odin brand to Ingram Micro Inc. (www.ingrammicro.com) for an undisclosed sum. The transaction is expected to close by the end of 2015.
Going forward, Parallels cross-platform solutions business unit will continue to operate as a standalone company under the Parallels brand (www.parallels.com). The Plesk business unit, providing web management solutions to more than 10 million small businesses and hosters worldwide, will operate as a standalone company under the Plesk brand (www.plesk.com). The Virtuozzo business unit, which develops the market leading container virtualization technology, will operate as a standalone company under the Virtuozzo brand (www.virtuozzo.com). All three business units will continue to be owned and controlled by Parallels Holdings Limited.
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