The decoupling of a users physical machine from the desktop and software

Desktop Virtualization Journal

Subscribe to Desktop Virtualization Journal: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Desktop Virtualization Journal: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Desktop Virtualization Authors: Jason Bloomberg, Bruce Popky, Vinod Mohan, Peter Silva, Jayaram Krishnaswamy

Related Topics: Desktop Virtualization Journal, Distributed Desktop Virtualization

News Feed Item

Thinspace's New Strategic Partnership with Disk Storage Provider - DST Provides Entry into Strong South Korean Market

PORT ORANGE, Fla., Dec. 8, 2014 /PRNewswire/ -- Thinspace Technology Inc. (OTCQB: THNS; "Thinspace or the "Company"), a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud client technology to public and private sector companies and organizations of all sizes, today announced its new strategic partnership with South Korean disk storage solutions provider, DST Technology, to provide desktop virtualization solutions to their existing and future enterprise customers.

DST Technology, a provider of disk storage solutions to large enterprise customers in South Korea since 2004, has seen continued and growing demand for desktop virtualization, a natural complement to server virtualization, from their existing enterprise disk storage customer base. The Korean cloud computing market saw a CAGR of 30.5% and market size of $612 million in 2014.

GiHag Ahn, Chief Executive Officer of DST, stated, "Many of our customers require data storage to operate desktop virtualization solutions.  As server virtualization and cloud technology continues to grow, so will the need for data storage. Together with Thinspace, our combined product offering - desktop virtualization and data storage - provides the ideal package to effectively meet market demands and provide our existing customers with a complete, more effective solution than before."

Chris Bautista, Chief Executive Officer of Thinspace, commented, "Highly advanced in technology innovation, the market for desktop virtualization in South Korea is already strong and continues to grow.  Partnering with DST Technology provides Thinspace with an effective distribution channel in this robust market. Not only are we pleased to have entry into this potentially lucrative market, but also happy to be a part of their solution portfolio."

Thinspace Technology operates in high growth B2B markets of desk top virtualization and cloud computing solutions – which make it easier, more flexible and more affordable for companies and IT Managers to conduct and streamline computing operations securely from any server - anywhere in the world.  Thinspace achieved third quarter 2014 revenue of $2.322 million, and nine months ended September 30, 2014 revenue of $5.701 million, representing year-over-year improvements of 464% and 479%, respectively.

Gartner research predicts the global desk top virtualization market to surpass $65 billion in 2015.

About Thinspace Technology Inc.

Thinspace Technology Inc. is a leading, global provider of reliable, scalable and affordable desk top virtualization and cloud computing solutions to public and private sector enterprises and organizations of all sizes. Operating on the belief that solutions should be flexible, dynamic and above all, simple to use, Thinspace understands and is passionate about solving customer problems affordably in the most efficient and effective manner possible. With over 5,000 enterprise customers worldwide, the Company is recognized as leading provider in its market with  customers that include NASA, PWC, Deutsche Bank, Toyota, as well as NHS, local councils, universities, schools, and housing associations., The Company is headquartered in Port Orange, Florida with international offices in U.K., Canada, and India.

For more information on Thinspace, please visit www.thinspace.com and/or sign up for Company news alerts delivered right to your inbox. For industry related news and updates, be sure to follow Thinspace on Facebook, Twitter, and LinkedIn.

Forward-Looking Statements:

This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.

The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2013.

Investor Relations
Email: [email protected]
Phone: 855-371-3936

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/thinspaces-new-strategic-partnership-with-disk-storage-provider---dst-provides-entry-into-strong-south-korean-market-300005909.html

SOURCE Thinspace Technology Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.