Thinspace Technology Inc., based in Florida and a global provider of application delivery, virtualization, and cloud client technology, has announced that on October 8, 2014, Delaware-based IBC Equity Holdings raised the company approximately $400,000 in additional working and growth capital from its investors.
Thinspace Technology operates in high growth B2B markets of application delivery, virtualization and cloud client technology. The company’s technology would make it easier, more flexible and more affordable for customers to conduct and streamline computing operations securely from any server – anywhere in the world.
“The infusion of capital will help us to strategically execute our aggressive growth plan with a favorable cash-flow structure based on the completion of customer sales,” said Chris Bautista, CEO of Thinspace Technology. “This favorable structure demonstrates the confidence the financial markets have in Thinspace’s performance and outlook.”
US, UK, Canada, and India
With over 5,000 enterprise customers worldwide, Thinspace’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. Thinspace is headquartered in Port Orange, Florida with international offices in UK, Canada, and India.
“Thinspace represented a great opportunity to direct our financing towards the expanding virtualization and client cloud technology sector,” said Sam Oshana of IBC Equity Holdings. “In addition, the financing is consistent with our strategy to assist strong management teams with customized financing solutions, while generating differentiated risk adjusted returns for our firm.”