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Singapore, Asia – (The Hosting News) – May 25, 2009 – Virtualization and automation provider, Parallels, will soon be introducing its cloud services networking event, The Parallels APAC Summit 2009, in Asia.

Parallels APAC Summit 2009 is scheduled to take place in Singapore on September 25th, 2009 and registration is now open. Following the format of the annual US event, the Summit will feature in-depth business and product sessions with well-known Parallels speakers and industry leaders offering insights into: the industry and upcoming market trends; Parallels’ upcoming initiatives; and strategies for building a company that grows revenue, even in this challenging economic climate.

Antonio Piraino, Senior Analyst at Tier1 Research explained, ”Interest in cloud computing and hosting is growing rapidly amongst SMBs as the range of available services and trust in the model increases. This represents a great opportunity for cloud service providers that are able to execute and respond to market forces. The Parallels Summit is an established industry event that brings service providers, vendors, developers and users from across the sector’s value chain together for networking and frank discussion about strategy, trends and future directions.”

The Parallels APAC Summit 2009 marks the expansion of Parallels’ successful annual event into Asia, where Springboard Research predicts that: ”in 2009 every leading hardware, software and services vendor will have a clear cloud computing strategy. Moreover, as budgets shift from cap-ex to op-ex, more IT organizations will strongly consider cloud computing as an alternative software and service delivery model.&q
Parallels is highly active in this market, with around 1000 customers and 200 strategic partners signed in the region.”
Additionally, the one-day event is aimed at giving attendees ample opportunity to visit the exhibition hall and network with potential business partners, colleagues and the Parallels team in order to forge profitable customer and partner networks. Attendees of the event will represent all interests in the APAC cloud computing market, including cloud services providers, ISVs, developers, hardware vendors and other industry players.
Serguei Beloussov, CEO of Parallels noted, ”The success of Parallels Summit 2009 in February demonstrated both the sizeable opportunity represented by cloud computing and Parallels’ position as a key strategic partner for players in this space. We are pleased to expand this success into the Asia-Pacific market, which represents a significant prospect for Parallels and its partners in the cloud services space, both globally and within the region itself. Our event aims to highlight the potential revenue streams for cloud services providers in the region, and we hope to help them partner to survive and thrive in what is already a very competitive landscape.”
Parallels 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 700 employees in North America, Europe, and Asia.

To register for the event, or for more information, please visit:

For more information about Parallels, please visit:

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