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

Published Monday, December 08, 2014 7:14 AM by David Marshall
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