|By PR Newswire||
|March 20, 2014 07:30 AM EDT||
PORT ORANGE, Fla., March 20, 2014 /PRNewswire/ -- Thinspace Technology Inc. (OTCBB: THNS; "Thinspace or the "Company"), formerly known as Vanity Events Holdings and Propalms Ltd., 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 Dealership Technology Services (DTS), a provider of Information Technology as a Service [ItaaS] to automotive dealerships in South East Florida, has extended and expanded its long-term partnership with the Company.
Established in 2002 and based in Fort Lauderdale, DTS currently provides IT services to automotive dealership clients from the Gold Coast (Miami-Dade, Broward, and Palm Beach Counties) through the Treasure Coast (Martin, St. Lucie, and Indian River Counties) and hopes to shortly expand into the First Coast of Florida (Flager County/St. Augustine north to Nassau County Fernandina Beach) which also includes the Duval County/Jacksonville City metro areas.
Through their partnership with Thinspace that originated in July 2012, DTS has recommended and provided the Company's Pano Logic VDI solutions for desktop virtualization to their clients and has experienced great feedback and success as a result. DTS plans to expand their deployments of Pano Logic VDI solutions for the foreseeable future and provide additional product offerings such as a desktop and application delivery solution utilizing RDP 8, a hosted desktop service, which will provide clients the ability to access their Microsoft based desktop from any mobile device utilizing iOS or Android technology.
As a VMware Professional partner, DTS recognized that VDI is an ideal solution for most of its client base. By leveraging the cost savings enabled by the Pano Logic desktop solution, coupled with a traditional VMware back-end, DTS has been able to bring the economies of scale of large fortune 500 and 100 companies down to the level of smaller organizations that are typically less than 100 Desktops. Most VDI solutions were cost prohibitive prior to the introduction Pano Logic based desktops into the SMB infrastructure arena.
DTS remains committed to Thinspace's Pano Logic VDI solution because it is reliable, scalable, and most importantly, clients data is secured at the server level via NAS technology enabled by leveraging VMware virtualization. Thinspace coupled with VMware provides the most secure and scalable zero client solution currently on the market.
"Thinspace's Pano Logic VDI infrastructure has been a real success for both our clients and for us. It has provided us a cost effective solution for smaller deployments, where the client would generally not be able to implement VDI. Additionally, we find the Pano Logic product to be extremely stable, and the administrative tools provided give us the ability to perform all of the tasks needed to remotely diagnose and correct issues when they do happen making this platform a win-win for everybody. We look forward to expanding our service offerings hand in hand with Thinspace," commented Lester Laverick, President of Dealer Technology Services (DTS).
Owen Dukes, Chief Executive Officer of Thinspace Technology, added, "We are pleased to see the continued commitment to our Pano Logic VDI solution exhibited by DTS and other clients. This loyalty exists because the Pano Logic VDI product like our other thin client products is not only cost-effective, reliable, and scalable, but also it comes with excellent customer service and solid ongoing technology support. It's a comprehensive solution that allows DTS to meet the IT needs of their expanding client base."
About the Industry 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.
Competitive Landscape Thinspace's Propalms product set has comparable functionality to Citrix as well as greater speed and simpler installation processes. However the Company's low production cost enables it to offer its product at a much lower, more competitive price than Citrix, currently some 50% less per user. The maintenance cost for any potential customer is also substantially reduced. With the total cost of ownership for all organizations a priority, Thinspace is able to substantially win more new customers across a broad range of Government and Industry sectors.
Through its network of distributors and resellers, Thinspace typically targets medium size organizations with up to 1000 users. Citrix mainly targets organizations with a larger number of users and consequently they are not currently a significant competitor threat to Propalms.
About Thinspace Technology Inc.Formerly known as Vanity Events Holdings and Propalms Ltd., Thinspace Technology Inc (OTC: THNS) "Thinspace" 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 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.thinspacetechnology.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, 2012, and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013.
SOURCE Thinspace Technology Inc.
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