PORT ORANGE, Fla., Dec. 3, 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 that it has partnered with Xoom Technology Group to provide effective and affordable Desktop-as-a-Service (DaaS) and cloud service solutions to the small and medium sized business market (SMB) in San Antonio and Austin, Texas areas.
Xoom Technology Group's scope of service includes architecting, designing and supporting networks and data cabling solutions to engineering and implementing telecommunications systems, as well as local and wide area networking solutions. Xoom Technology Group has provided information technology solutions to the SMB market since 2008. More information on Xoom Technology Group can be found here: http://www.xoomtg.com/about-us/.
Desktop virtualization is growing worldwide, with increasing demand in the SMB market. With Thinspace desktop virtualization, Xoom can capitalize on growing demand by providing desktops in the cloud, on-demand to their current customer base, as well as to new customers by going-to-market with a broader service portfolio.
Thinspace will be a complementary addition to Xoom's existing partner list, which includes well-known technology providers such as Microsoft, HP, Sophos, and Mitel. Through their partnership agreement with Thinspace, Xoom will offer the Company's comprehensive desktop virtualization product suite, rounding out their telecommunications, local and wide area networking solutions offering.
"We are excited to work with a company who is as passionate about their product offerings as we are about ours," Xoom Technology Group CIO, Shawn Casillas stated, "Thinspace desktop virtualization will help us continue to provide the best technology infrastructure solutions to our client base."
Chris Bautista, Thinspace Technology CEO commented, "Our partnership with Xoom Technology Group creates a win-win-win situation for our companies, as well as their entire customer base. Not only does it increase our customer reach, but also it expands Xoom's technology portfolio and capabilities. We both service SMB markets, which makes for an ideal partnership. We look forward to working with such a great organization and to growing together in the time ahead."
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.