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PVR upgrades to Thinspace’s application delivery technology
MUMBAI: PVR Cinemas has chosen Thinspace TSE for cost-efficient application delivery technology. Thinspace Technology Inc is a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud client technology.
PVR’s cinema circuit comprises 462 screens at 104 locations across 44 Indian cities. Prior to upgrading to Thinspace TSE, PVR had been using a version of Citrix that was outdated and too costly for its growing user base. Moreover, some applications required different server OS for different type of apps and not all platforms were supported with that version.
The IT team found Thinspace TSE to be a cost effective alternative to Citrix to deliver Microsoft Navision ERP application delivery to its distributed user base. TSE displayed similar functionality as Citrix with the support of latest Windows server OS at a fraction of the cost. Thinspace also provides PVR with a dedicated customer support and easy-to-use web-based management console, which is simpler to manage than Citrix.
Thinspace CEO Chris Bautista said, “PVR is one of our fastest deployments. We had more than 100+ users switched from Citrix to Thinspace within a day. The simplicity of the solution enabled PVR to see a direct value in our product. PVR also appreciated our dedicated customer support and web-based management console which is easier to manage than our competition.”
Thinspace Technology operates in high growth B2B markets of desk top virtualization and cloud computing solutions – which make it easier, more flexible and more affordable for companies and IT managers to conduct and streamline computing operations securely from any server – anywhere in the world.
Thinspace achieved third quarter 2014 revenue of $2.322 million, and nine months ended 30 September, 2014 revenue of $5.701 million, representing year-over-year improvements of 464 per cent and 479 per cent, respectively.
Gartner research predicts the global desk top virtualization market to surpass $65 billion in 2015.
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
