Goldman Sachs takes stake in AppSense

Investment bank buys into virtualisation vendor

Goldman Sachs is to invest $US70 million in virtualisation provider AppSense. According to an AppSense statement announcing the deal, "AppSense will use the funds to accelerate its growth and capitalise on its position as a market leader in what is expected to become a $2 billion market in the next few years. Pete Perrone, managing director at Goldman Sachs, will join the company's board of directors.

Perrone is quoted as saying: “With the increased mobility of the workforce and the need to be able to access information from any device, Goldman Sachs sees a clear demand for user virtualisation solutions that span multiple desktop delivery methods. "AppSense’s strong customer traction, history of innovative solutions in desktop computing, and the record growth it has experienced over the past two years further solidified our decision to invest in the company.” AppSense has more than 4,000 customers worldwide, including British Telecom, ESPN, JPMorgan Chase and United Airlines. In New Zealand, its customers include KiwiRail and Powero.

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