Parallels Announces Virtuozzo Containers 4.0 Launch Event

Parallels CEO Serguei Beloussov to Discuss 'The Next Generation of Virtualization' and How the Release of Parallels Virtuozzo Containers 4.0 Helps Virtualize the Datacenter


RENTON, Wash., Jan. 29, 2008 (PRIME NEWSWIRE) --



 WHO:
 Parallels (formerly SWsoft) provides virtualization and automation
 software to enterprises and service providers. This week, the company
 releases version 4.0 of its Virtuozzo Containers software for server
 virtualization.

 Parallels CEO Serguei Beloussov will discuss this important step in
 the next wave of virtualization, where customers have total platform
 choice -- from OS-based virtualization to hypervisors, desktops to
 servers, 32 and 64 bit, Windows and Linux.

 Beloussov will be joined by Parallels strategic partners and industry
 leaders including:

 Diane M. Bryant, Vice President, Digital Enterprise Group;
 General Manager, Server Platforms Group
 INTEL CORPORATION

 Earl Stahl, Vice President
 Software Engineering, for the Computer Solutions Group
 AMD

 Justin A. Steinman, Director of Marketing
 Linux and Open Platform Solutions
 NOVELL, INC.

 Doug Strain, Manager
 Virtualization Software Marketing
 HP

 Ken Won
 Director, Enterprise Data Management
 SGI

 WHAT:
 An online keynote speech, open to the public. It will discuss new
 features in Parallels Virtuozzo Containers 4.0. Beloussov will also
 look at the entire virtualization landscape and discuss how IT
 managers can maximize their ROI though effective deployment of
 heterogeneous virtualization and automation technology.

 WHERE:
 http://www.parallels.com/launchevent

 WHEN:
 Thursday, January 31, 2008, 11:00 AM EST, and then available on
 demand.

 Media/Analyst Contacts:
 Bill Baker                              Ben Rudolph
 Principal, Baker Communications Group   Parallels, Director of Corp
 (860) 350-9100                           Communications
 wbaker@bakercg.com                      (425) 282-6446
                                         ben@parallels.com

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 system 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.