Lough Shore Investments portfolio partner WorldDesk acquired by Silicon Valley start-up
DeskStream Inc., a leading provider of desktop virtualisation software, has today announced the signing of a definitive agreement to acquire Lough Shore Investments portfolio partner, WorldDesk.
Lough Shore Investments was an early-stage investor in the Belfast-based start-up, founded by Claire Moore and Jonathan Chesney in 2010. DeskStream has development centres in California, U.S.A., and Hyderabad, India.
The financial terms of the deal, which will close in the first quarter of 2012, have not been disclosed but the acquisition will see DeskStream adopt the WorldDesk name and branding with immediate effect.
With the acquisition of WorldDesk, DeskStream will take control of a unique cloud-based workspace delivery platform prototype built on Dropbox but is capable of being extended to leverage other cloud storage providers. DeskStream will also add customer support services, marketing expertise and additional software development capabilities. The deal will see the employees of WorldDesk, including co-founders Jonathan Chesney and Claire Moore, join DeskStream. WorldDesk, founded in 2010, will continue to be based in Belfast.
Speaking following the announcement, DeskStream CEO, Rao Cherukuri, commented: “We are delighted with today’s announcement and the addition of WorldDesk to the DeskStream family. The combination of DeskStream’s thin client technology and the work WorldDesk has done on the management and delivery of workspaces from the cloud has the potential to transform the mobile computing market.
“This acquisition speaks to the strength of our business and the sector as a whole. We are already experiencing a sea change in how people view cloud computing and desktop virtualisation. The acquisition of WorldDesk will help us to capitalise on the opportunities that result from this.”
Speaking following the announcement, WorldDesk co-founders, Jonathan Chesney and Claire Moore, said: “We established WorldDesk in effort to revolutionise how organisations, individuals and, in particular, schools use computers. We wanted to fundamentally alter the norm of how people think of, and use, their computer desktop. DeskStream shares this vision and has placed a great deal of confidence in our mission. We are delighted with today’s announcement and we look forward to taking WorldDesk to the next level.”