Hosting News
Parallels Acquires ModernGigabyte
2008-03-28
Adds ModernBill SMB Billing Software to Portfolio
RENTON, Wash., March 27, 2008 - Parallels today announced it has acquired
ModernGigabyte, LLC, maker of ModernBill automated billing system and other
hosting automation solutions. ModernBill customers will benefit from Parallels
Open Platform initiatives such as the Application Packaging Standard (APS),
which will help them drive more revenue from their existing clients.
The acquisition provides Parallels with a complete hosting control panel and
billing system for small-to-medium-sized service providers and hosting resellers
who purchase dedicated servers with pre-loaded software. Now, service providers
can integrate with over 15 popular control panels supported by ModernBill as
well as special bundled offerings with the Parallels Plesk Control Panel.
ModernGigabyte is based in Louisville, Kentucky and provides software to nearly
15,000 hosting resellers with over 2 million customers worldwide.
"Parallels' acquisition of ModernGigabyte gives service providers a competitive
edge by providing a complete hosting solution that integrates back-office
software with Parallels control panels," said Serguei Beloussov, CEO of
Parallels. "The acquisition also opens up new sales channels for software
vendors that develop applications based on the APS Standard, which will drive
greater adoption of software-as-a-service (SaaS) solutions."
"ModernGigabyte customers will benefit from Parallels industry-leading
virtualization and automation solutions, depth of resources and support, and
strategic focus on the hosting industry," said Jonathan McCarrick, vice
president of sales, ModernGigabyte. "ModernBill is already integrated with
multiple Parallels hosting products, so now customers will be able to purchase
the software as part of a pre-integrated solution from one company."
Parallels will continue development of the ModernBill platform and will provide
ongoing support for ModernGigabyte products through existing ModernBill support
channels. In addition to the ModernBill software, Parallels is acquiring - and
will continue to support - ModernGigabyte's other hosting solutions including
ModernAuthorize, SSL Factory, ModernDNS and FraudGuardian.
ModernBill will be renamed Parallels Plesk Billing and join the Plesk Products
system, which includes the Parallels Plesk Control Panel, Parallels Plesk
Expand, Parallels Plesk Plus and Parallels Plesk Sitebuilder.
The acquisition builds Parallels' portfolio of automation software, which has
grown in recent months through its acquisitions of Helm, Sphera, Positive
Software and Ensim Pro.
Financial details of the transaction were not disclosed. Both companies are
privately held.
Customers with specific inquiries can find more information at
www.parallels.com/modernbill.
The Parallels Open Platform enables hosting with Parallels virtualization and
automation technology through integration with a wide range of third-party
applications and systems. The APS Standard, a key element of the platform, is
used by independent software vendors (ISVs) and service providers to seamlessly
integrate applications to offer to the more than 10 million businesses and
individuals that use Parallels products.
About Parallels - Optimized Computing
Parallels (formerly SWsoft) is a worldwide leader in virtualization and
automation software that optimizes computing for consumers, businesses, and
service providers across all major hardware, operating systems, and
virtualization platforms. Founded in 1999, Parallels is a fast-growing company
with 900 employees in North America, Europe, and Asia. For more information,
please visit www.parallels.com.
Click here for more information
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