Lough Shore Investments announces further funding in Belfast and Silicon Valley start-up WorldDesk

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Belfast, Northern Ireland – 12 June 2012 -- Lough Shore Investments has today announced further seed funding in Belfast and Silicon Valley start-up, WorldDesk.

The exact financial terms of the investment have not been disclosed but the deal sees Lough Shore Investments join a $1.25m ‘follow-on’ funding round alongside other existing investors, including a number of US angel investors, based in New York and California.

WorldDesk with offices in Belfast and Menlo Park, California is a start-up in the desktop virtulization space. The firm has developed a patented technology that leverages a unique abstraction layer that frees all aspects of a user's Microsoft Windows workspace from the underlying OS and device. This technology allows the free movement of apps, files and profile between devices, truly letting you take your world with you.

The WorldDesk Model from WorldDesk on Vimeo.

As part of today’s announcement, the company is also launching a new version of WorldDesk for You, the company’s consumer offering in what is being billed as the most significant overhaul of the product since its launch in early 2012. The new release includes a new user interface, improved performance and support for a host of new applications, including Chrome, Skype and Kindle.

Speaking following the announcement, Lough Shore Investments principal Danny Moore said, “We are delighted to announce our continued involvement in WorldDesk. It’s a start-up we’ve been working with for a number of years now and this further funding is indicative of a company that is beginning to see some very real traction and success.

“It’s also indicative of the wider industry and the ever-changing landscape WorldDesk is operating within. Cloud technology has rapidly come of age and organisations of all shapes and sizes, from small-to-medium sized enterprises and educational institutes to multinational corporations, are attempting to figure out how best to leverage the technology. With WorldDesk, a user is no longer tied to a specific computer. Your entire desktop experience can be accessed securely from anywhere, anytime and on any device. It’s truly paradigm shifting and we’re excited to be a part of that.

“Finally, this investment will allow the team increase their footprint in both Europe and Asia-Pacific. As an investment firm with a focus and passion for building great businesses in Belfast, we couldn’t be happier with today’s news.”

ENDS

12-06-2013

Notes to Editors:

  1. For further background and comment on Lough Shore Investments please visit http://loughshore.co and http://blog.loughshore.co

  2. For further background and comment on WorldDesk please visit www.myworlddesk.com

  3. For media enquiries please contact Kieran on +44 (0) 28 9043 8510 or alternatively on kieran@loughshore.co