Both companies are “time was” status.
Clearly, just a VC roll-up of cash cows:
Corel, once publicly traded, is now owned by private equity firm Vector Capital and, in its history, has acquired several other firms and products, including InterVideo, Ulead, Micrografx, WinZip, Roxio and Pinnacle Systems. Parallels’ products include Parallels Desktop for Mac, Parallels Toolbox for Mac, Parallels Remote Application Server and Parallels Access.
Original source: Virtualization software company Parallels reportedly to be acquired by Canada’s Corel