Thinspace Appoints Seasoned International Technology Expert as Chief Executive Officer - KPTV - FOX 12

Thinspace Appoints Seasoned International Technology Expert as Chief Executive Officer

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SOURCE Thinspace Technology Inc.

Management changes follows acquisition closing effective May 29, 2014

PORT ORANGE, Fla., June 5, 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 is excited to announce that Jay Christopher "Chris" Bautista has been appointed Chief Executive Officer of Thinspace Technology Inc. Mr. Bautista will replace Owen Dukes in his role as Chief Executive Officer, and will also be appointed to the Company's board of directors, effective upon the Company's meeting its information obligations under the Securities Exchange Act of 1934, as amended.

Mr. Bautista brings an extensive background in management consulting as well as technology expertise to Thinspace. Most recently, he served as a Principal at Infosys Limited, a leading technology company who pioneered the Global Delivery Model of technology solutions.  Mr. Bautista started his career in technology and strategy working for management consulting firms Andersen Consulting (now Accenture) and Diamond Technology Partners (now PwC).  He has provided consulting and advisory services to the senior executives of companies such as Microsoft, Adobe, Honda, Sears, BP, as well as various US government departments and agencies.

In addition to management consulting, Mr. Bautista has wide-ranging mobile and cloud technology experience having worked at Sprint, inCode Telecom, and Enterprise Mobile.  As Thinspace Technology becomes more involved in the mobile device ecosystem, his experience in the mobile enterprise will shape the strategic direction for the company's mobile and cloud strategy.

Mr. Bautista also joins Thinspace with significant international business development and strategy planning for technology companies. Previously at VeriSign, he was responsible for international business development, identifying strategic business partners and business models in global markets outside the US. Mr. Bautista also ran and operated a strategic sourcing company for small electronics and other products sourced from Asia. 

Mr. Bautista holds a Bachelor of Science from Miami University and an MBA with honors from Southern Methodist University.  He resides in Dallas, TX with his wife and three children.

Robert Zysblat, former President of Thinspace Technology, stated, "Thinspace is a global company, developing products distributed throughout the world, and manufacturing hardware products in several locations outside the US. Mr. Bautista's mobile and cloud skill set as well as his vast international work experience uniquely qualify him to help manage the geographical breadth of Thinspace's business model. Moreover, his experience in international sourcing will enhance the Company's supply chain operations."

"Chris, a creative, outside-the-box thinker with a global business perspective and experience, will be a tremendous asset to the Company's executive team as it goes to market with new product development and continues to execute successfully on its business model. An executive of his caliber will get Thinspace to the next level and allow the Company to maintain and grow its leadership position in global application delivery and virtualization markets," commented Owen Dukes, former Chief Executive Officer of Thinspace Technology.

"It is very exciting for me to be a part of and lead this team of highly talented people to help our customers succeed in the mobile and cloud environment. We are currently seeing a 'mobile revolution' where there is strong demand for access to applications and services at anytime from anywhere, " Mr. Bautista said.  "This is a very dynamic space and we will continue to evolve and innovate as the transition to cloud and mobile computing accelerates."

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 mainstream 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.

About Thinspace Technology Inc.

Thinspace Technology Inc. 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 a 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.thinspace.com.

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.

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