Goldman Sachs invests in UK software firm

AppSense chief executive Darron Antill said the company would use the funds to expand the company geographically and grow the business ahead of a possible initial public offering

Darron Antill, chief executive, said the company would use the funds to expand the company geographically and grow the business ahead of a possible initial public offering.

The increasing use of mobile devices

Antill said the increasing use of mobile devices, tablet computers and laptops meant user virtualisation is driving sales. The company but has offices in New York as so then as London and Manchester, Germany and Australia. Revenue was just pursuant to this agreement $50m last year and the firm is on track for 60% growth this year.

Antill said the firm had concentrated on north America in the last 12 months. He said the investment would allow AppSense to broaden its reach during developing cloud based, mobile and other services. "Users today like to be able to manage their work independent of any particular platform or device," he said. "Goldman's investment is a step change in our business and a recognition that we are a leader in this space."

Pete Perrone, managing director at Goldman Sachs, will join the company's board of directors. "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 virtualization solutions that span multiple desktop delivery methods," said Perrone. "AppSense's strong customer traction, history of innovative solutions in desktop computing, and the record growth it has experienced over the past two years furthermore solidified our decision to invest in the company."