Thinspace (OTCQB: THNS) Issues 2014 Progress Report
PORT ORANGE, Fla., Dec. 30, 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 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."
About Thinspace Technology Inc.
Thinspace Technology Inc. is a leading, global provider of reliable, scalable and affordable desktop 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..
Forward-Looking Statements:
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.
Investor Relations
Email: [email protected]
Phone: 855-371-3936
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SOURCE Thinspace Technology Inc.
Related Links
http://www.thinspacetechnology.com
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