PORT ORANGE, Fla., Feb. 2, 2015 /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 PVR Cinemas, the largest and the most premium film
and retail entertainment company in India, has chosen Thinspace TSE for
cost-efficient application delivery over the competition.
Since its inception in 1997, PVR has redefined the way
entertainment is consumed in India
– operating a cinema circuit comprising of 454 screens in 102
properties located in 43 cities across India. The subsidiaries range from the largest
bowling chain in India 'PVR bluO'
to the two casual dining restaurants 'Mistral' and 'Mr Hong' under
PVR Leisure. The group under the arm of PVR Pictures is into film
distribution of non-studio and independent international films in
India. The company is also known
for cultivating and spreading international movie culture
countrywide and supports independent filmmakers under the banner of
'Directors Rare'.
PVR acquired its Cinemax properties in 2012 and currently serves
60 million patrons at PAN India level. From Gold Class and
Mainstream Cinemas to Director's Cut, PVR has made exceptional
technology like the IMAX® and the ECX (Enhanced Cinema Experience)
accessible to its audience. Currently amongst the top 10 cinema
companies in the world with respect to admissions per screen, PVR
has entered the World Economic Forum's List of Fastest-Growing
'Global Growth Companies'. For more information on PVR Cinemas
please visit
www.pvrcinemas.com.
Prior to upgrading to Thinspace TSE, PVR has been using a
version of Citrix that was outdated and too costly for its growing
user base. Moreover, some applications required different server OS
for different type of apps and not all platforms were supported
with that version.
The IT team found Thinspace TSE to be a cost effective
alternative to Citrix to deliver Microsoft Navision ERP application
delivery to its distributed user base. TSE displayed similar
functionality as Citrix with the support of latest Windows server
OS at a fraction of the cost. PVR also appreciated Thinspace's
dedicated customer support and easy-to-use web-based management
console which is simpler to manage than Citrix.
Chris Bautista, Chief Executive
Officer of Thinspace, commented, "PVR is one of our fastest
deployments. We had more than 100+ users switched from Citrix to
Thinspace within a day. The simplicity of the solution
enabled PVR to see a direct value in our product. PVR also
appreciated our dedicated customer support and web-based management
console which is easier to manage than our competition."
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..
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: lauren@choosewindmill.com
Phone: 855-371-3936
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SOURCE Thinspace Technology Inc.