PORT ORANGE, Fla., Jan. 26, 2015 /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 is pleased to announce that Overnite Express has selected Thinspace TSE for Application Management.
Overnite Express has over 2,800 conveniently located offices serving more than 6,000 PIN Codes spread across 1,000 locations across the country. From 20 Regional Offices, 58 Area Offices and over 37 Mini Hubs, Overnite Express' strong and dedicated team of 2300+ executives work around-the-clock throughout the year. Overnite has multiple Express Collection Centers in Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad and in other major cities, and an extensive presence in the remote North-Eastern Sector and Andaman & Nicobar Islands. Overnite's International service covers over 1,000 cities worldwide. For more information on Overnite Express, please visit: www.overnitenet.com.
Already equipped with a strong IT setup, Overnite was looking to reduce the upfront costs associated with desktops and application management given their large number of small offices across India and throughout world. They needed a solution to reduce desktop and application management on user PCs and found Thinspace's TSE able to easily deliver applications to Linux based desktops, as well as consolidate applications and provide users access Windows applications through a Linux device.
Chris Bautista, Chief Executive Officer of Thinspace, commented, "With Thinspace TSE, Overnite can reuse old hardware and reduce their Windows license cost by 20% by using Linux based desktops, while still able to deliver business applications from the latest Microsoft windows server. Centralized management means more real time updates to customers and no errors in data consolidation. It's a win-win."
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.
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.
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SOURCE Thinspace Technology Inc.