Parallels is not for sale

Yesterday, there was a not-so-funny April Fool’s day joke about SUN acquiring Parallels for $205 million.

Normally, I would not even comment on something like that, but surprisingly enough (to me at least) we have received some inquiries asking if this is true.

So, to set things straight – no, it is not true.

1) $205 million price is WAAAAAY TOOOOO LOOOOOW for Parallels. This amount is far off based on our annual revenue, profitability and growth and it would be very strange to expect a company with leading positions in two hottest industry segments – virtualization and automation – to be sold at that price.

2) SUN is a really strange acquirer. Our products are for Windows, Mac and Linux, and SUN is not that focused on the first two. Also, SUN is really not that much into automation, so again, not a good fit. If Microsoft or VMware or even HP or IBM was mentioned – it would make some sense, but not SUN.

3) All of the above is actually irrelevant anyway because we are just not planning to sell right now. We do receive offers, but we feel strongly that being independent is a better choice for us and more fun, too.

The rest of the rumor – I mean the part about Parallels being a fast-growing company with a strong product portfolio in the two hottest segments – is true. It’s just we are not selling out, definitely not to SUN and certainly not for $205 million.