Ingram Micro has entered into an agreement to acquire certain assets from Parallels Holdings, a provider of commercial cloud management platform technologies, connectors, billing systems and professional services.
Under the terms of the transaction, Ingram Micro will acquire the Parallels Odin Service Automation platform along with associated cloud management technologies, intellectual property and the Odin brand.
In addition, approximately 500 Odin employees, many of whom are software engineers with cloud expertise, are expected to join Ingram Micro.
Ingram Micro adopted and began licensing the Odin Service Automation platform in 2013 as the backbone of the company's automated Cloud Marketplace.
Ingram Micro CEO Alain Monié commented: "The time has come for us to expand our capabilities by owning the intellectual property that is helping to drive this technology evolution.
"Together, Ingram and Odin will offer a combination of expertise, knowledge and commercial relationships with cloud OEMs and innovators, which will enable our combined partner portfolio of 285 telcos, 4,000 hosting companies and 200,000+ resellers worldwide to thrive by lifting their customers businesses to the cloud."