Thinspace Partners With Korean Disk Storage Provider DST Technology

Thinspace Technology Inc., a provider of application delivery, virtualization, and cloud client technology to public and private sector companies and organizations of all sizes, announced its new strategic partnership with South Korean disk storage solutions provider, DST Technology, to provide desktop virtualization solutions to their existing and future enterprise customers.

DST, a provider of disk storage solutions to large enterprise customers in South Korea since 2004, has seen continued and growing demand for desktop virtualization, a natural complement to server virtualization, from their existing enterprise disk storage customer base. The Korean cloud computing market saw a CAGR of 30.5% and market size of $612 million in 2014. Gartner research predicts the global desk top virtualization market to surpass $65 billion in 2015.

GiHag Ahn, CEO, DST, stated: “Many of our customers require storage to operate desktop virtualization solutions. As server virtualization and cloud technology continues to grow, so will the need for storage. Together with Thinspace, our combined product offering – desktop virtualization and storage – provides the ideal package to effectively meet market demands and provide our existing customers with a complete, more effective solution than before.“

Chris Bautista, CEO, Thinspace, commented: “Highly advanced in technology innovation, the market for desktop virtualization in South Korea is already strong and continues to grow. Partnering with DST Technology provides Thinspace with an effective distribution channel in this robust market. Not only are we pleased to have entry into this potentially lucrative market, but also happy to be a part of their solution portfolio.“

Thinspace Technology operates in 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. It 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.