Goldman Sachs has made a $ 70 m £ 43 m investment in British software and services firm AppSense.
Darron Antill, chief executive, said the company would use the funds to expand company geographic and grow business in advance of a possible initial public offering.
Appsenses clients include BT, ESPN, JP Morgan Chase and United Airlines and the Department for work and pensions (.DWP). It is specialized in "user virtualization" – tailor work software, so your employees can access their work and programs use the anywhere on any device.
Antill said the increasing use of mobile devices, Tablet computers, and portable computers meant the user virtualization is driving sales. The company now has offices in New York and London and Manchester, Germany and Australia. Income was just under $ 50 m last year and the company is on track for 60% growth this year.
Antill said the company had focused on North America in the last 12 months. He said the investment would allow AppSense to extend its reach at the same time develop Cloud-based, mobile and other services. "Users today would like to be able to manage their work independently of any particular platform or device," he said. "Goldmans investment is a step change in our business and a recognition that we are a leader in this space."
Pete Perrone, CEO of Goldman Sachs, joins the company's Board of Directors. "With the increasing 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. "Appsenses strong customer traction, innovative solutions in desktop computing and record the growth it has experienced over the last two years, additional story solidified our decision to invest in the company."
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