Source: Canada's Corel is acquiring virtualization specialist Parallels in an all-cash deal

Some consolidation is afoot in the world of business software. TechCrunch has learned that Parallels, the virtualization specialist with millions of users, is getting acquired by Corel, the Canadian company behind design apps like CorelDraw and other productivity apps like WordPerfect. Some employees at Parallels have already been briefed on the acquisition, which is expected […]