ClearCube Spins Off Software Activities Into A New Company, VDIworks

ClearCube

ClearCube today announced that its software business is being spun-off and launched as an independent new company called VDIworks. ClearCube will continue to provide solutions for centralized desktop computing, including end-to-end desktop virtualization, while VDIworks will focus on software management platforms for creating, deploying and managing virtual desktop infrastructure. As independent companies, ClearCube and VDIworks intend to maximize their business potential and gain the flexibility to meet the demands of their respective target markets.

ClearCube

VDIworks

VDIworks and ClearCube have signed an OEM agreement whereby ClearCube will continue to market and promote the VDIworks software under the current Sentral VDI Management Software brand. The Sentral management software will continue to be an integrated component of ClearCube’s complete centralized desktop computing solutions. ClearCube customers will continue to be supported in their current license agreements with ClearCube. VDIworks will establish additional OEM relationships with third-party solutions vendors so they can deploy virtual desktop solutions to their customers.

VDIworks will target the emerging market of desktop virtualization. The new company has received seed funding from current ClearCube investors and will be seeking additional funding to support its “rapid growth and high market demand”.

“ClearCube and VDIworks provide solutions within growth markets, and ClearCube’s investors recognized this and decided separating the technologies would allow each entity to fully capitalize on the market opportunities,” said Rick Hoffman, former president of ClearCube and now president of VDIworks. “Both companies immediately offer mature products and can point to successful customer installations. Both companies benefit from established internal development and sales teams. As a result, both companies present superior solutions that can provide rapid return on investment while improving enterprise security and IT management capabilities.”

ClearCube also announced today that former COO Randy Printz has been promoted to president and chief executive officer. His team includes Doug Layne, worldwide vice president of sales and marketing, and Jeana Thomas, senior director of alliances and channels.

In other news, ClearCube has issued a second press release touting its “record growth in 2007 and exceptional financial performance in Q1 of 2008″. ClearCube achieved 38 percent business growth in the second half over the first half of 2007, and 34 percent increase in net revenue in Q1 of 2008 over Q1 of 2007.

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