Support Vector Machines (SVMs) suffer from a widely recognized scalability problem in both memory use and computational time. To improve scalability, we have developed a parallel SVM algorithm (PSVM), which reduces memory use through performing a row-based, approximate matrix factorization, and which loads only essential data to each machine to perform parallel computation. Let n denote the number of training instances, p the reduced matrix dimension after factorization (p is significantly smaller than n), and m the number of machines. PSVM reduces the memory requirement from O(n2) to O(np=m), and improves computation time to O(np2=m). Empirical study shows PSVM to be effective. PSVM Open Source is available for download at http://code.google.com/p/psvm/.