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Thinspace Issues 2014 Progress Report
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 released the following 2014 progress report:

2014 was a significant year for Thinspace and our innovative desktop virtualization technology and product portfolio, which comprises our newly rebranded ProPalms software and Pano Logic endpoint hardware. Not only has Thinspace achieved significant growth in revenue, but also has made key improvements in its management team and product portfolio both of which are instrumental to current business and future expansion.

Since the merger with Vanity Holdings and Propalms earlier this year, Thinspace has grown revenue significantly - most recently in the third quarter of 2014 to $2.322 million, and in the nine months ended September 30, 2014 to $5.701 million, representing year-over-year improvements of 464% and 479%, respectively. Over the past nine months, Thinspace has built an experienced management team with backgrounds from Accenture, Infosys, Citrix, Microsoft and VMWare, just to name a few.

Like ProPalms and Pano Logic, Thinspace operates in high growth B2B markets of desktop 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. The Company's comprehensive software and hardware product offering delivers cloud-based productivity solutions to small and mid-sized businesses, enterprises, and government agencies worldwide.

Thinspace was recently featured in approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zacks.  Additionally, SeeThru Equity's Primer Initiation Report described Thinspace as "an emerging player in the large market for enterprise virtualization, application delivery and cloud computing." To see the full report click here: THNS Initiation Primer. To see SeeThru Equity's most recent update on Thinspace click here: THNS December Update.

Chris Bautista, Chief Executive Officer of Thinspace, commented, "This coming year will be one of significant growth for the Company and the global desktop virtualization and cloud computing market. Armed with an experienced, world-class management team and charged with the passion and energy required to develop the best desktop virtualization and cloud computing products in the market, we will gain market share in this fast-growing sector, which is predicted by Gartner research to surpass $65 billion in 2015.  Please stay tuned for exciting updates in the New Year. We look forward to continuing to share in our successes with shareholders, customers, and partners now and moving forward."

Published Tuesday, December 30, 2014 5:33 PM by David Marshall
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