But in recent years, macOS updates have tended to be smaller in scope, reducing the perceived value of upgrading apps like Parallels. In years past, Parallels has tied its major releases - and paid upgrades - to Apple’s macOS updates, which used to be significant for customers. Thanks to the combined power of our technologies and teams, we see tremendous opportunities to drive continued growth and success for our businesses and, most importantly, our customers.”īoth companies will face one major challenge going forward: developing a pricing model that makes it possible to grow or maintain Parallels’ customer base. “From our highly complementary product portfolios to our shared business models and strategies, Corel and Parallels are a great fit. “We’re excited to welcome our new Parallels employees to Corel’s global organization,” said Corel CEO Patrick Nichols. Collectively, these apps enable consumers and business users to access their Windows and Mac desktops on other devices, including smartphones and tablets. The acquisition involves both Parallels employees and apps, which range from the well-known Parallels Desktop for Mac to helper apps such as Parallels Toolbox for Windows and Mac, Parallels Access, Parallels Mac Management for Microsoft SCCM, and Parallels Remote Application Server (RAS).