Thinspace Technology Inc., 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.