PORT ORANGE, Fla., Nov. 19, 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 in response to growing demand and popularity of Thinspace TSE in the Japanese market, the Company localized TSE to support the Japanese double-byte character-set.
With increasing adoption of cloud-based solutions by SMEs combined with growing concerns regarding cyber security, the cloud computing market in Japan is estimated to grow at a 9.7% CAGR through 2018 according to TechNavio's analysts. In order to meet and capitalize on Japan's growing and robust need for cloud-based desktop virtualization, a Japanese localized version of TSE had to be designed. Implementing a double-byte character set is not a simple language port, but rather, required software code changes, as well as hardware firmware updates. Thinspace was successful in the implementation, completing in just six weeks. Now, the Company's Japanese customer base can upgrade to the newest Japanese version of TSE.
Chris Bautista, Thinspace Technology CEO, commented, "The Japanese market has been and continues to grow quickly, demonstrating strong, continued demand for Thinspace TSE. The Japanese version of our TSE desktop virtualization solution was our innate response to growing demand. While Japan was the first geo-market we've localized, I'm confident that it will not be the last we localize. As global growth and demand increases, we will remain flexible in our approach, and continue to improve and deliver the best-in-class desktop virtualization solutions to the global enterprises that need it."
Thinspace Technology operates in high growth B2B markets of application delivery, virtualization and cloud client technology that 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. IDC predicts that 2014 is the year where desktop virtualization is going to become main stream given its advantages currently in demand: low cost, flexibility, secure and green. According to Gartner research, the global desk top virtualization market is expected to surpass $65 billion in 2015.
About Thinspace Technology Inc.
Thinspace Technology Inc. is 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. Operating on the belief that application delivery and cloud computing 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. The Company's list of private and public sector customers include NASA, PWC, Deutsche Bank, Toyota, as well as, NHS, local councils, universities, schools, and housing associations. With over 5,000 enterprise customers worldwide, Thinspace is recognized as a leading player in application delivery, virtualization, and cloud technology markets. The Company is headquartered in Port Orange, Florida with international offices in U.K., Canada, and India. For more information on the Company, please visit www.thinspace.com.
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.