Acquisition adds ModernBill SMB billing software to company's portfolio.

Parallels, a provider virtualization and automation software, today announced it has acquired ModernGigabyte, LLC, maker of the ModernBill automated billing system and other hosting automation solutions. It states that ModernBill customers will benefit from their Open Platform initiatives such as the Application Packaging Standard, which will help them drive more revenue from their existing clients.

The company states that acquisition provides them with a complete hosting control panel and billing system for small- to medium-sized service providers and hosting resellers that purchase dedicated servers with pre-loaded software. Further it adds that now the service providers can integrate with over 15 popular control panels supported by ModernBill, as well as special bundled offerings with the our Plesk Control Panel.

In addition the company declared that it will continue development of the ModernBill platform and will provide ongoing support for ModernGigabyte products through existing ModernBill support channels. In addition to the ModernBill software, it is acquiring -- and will continue to support --ModernGigabyte's other hosting solutions including ModernAuthorize, SSL Factory, ModernDNS and FraudGuardian.

"Parallels' acquisition of ModernGigabyte gives service providers a competitive edge by providing a complete hosting solution that integrates back-office software with Parallels control panels," said Serguei Beloussov, CEO of Parallels. "The acquisition also opens up new sales channels for software vendors that develop applications based on the APS Standard, which will drive greater adoption of software-as-a-service solutions."

"ModernGigabyte customers will benefit from Parallels industry-leading virtualization and automation solutions, depth of resources and support, and strategic focus on the hosting industry," said Jonathan McCarrick, vice president of sales, ModernGigabyte. "ModernBill is already integrated with multiple Parallels hosting products, so now customers will be able to purchase the software as part of a pre-integrated solution from one company."