With strong investor demand for this bombed out tech stock it's managed to raise 900K after only needing 70K, this puts money worries behind it.

This should finance the rapid roll out and uptake expected for cloud computing.


http://www.cbronline.com/news/nasstar_refinances_for_desktop_as_a_service_push_280909

Nasstar refinances for desktop-as-a-service push
Published:28-September-2009

By Kevin White

Primed for reseller and hosting platform initiatives



Desktop-as-a-service pioneer Nasstar plc has raised the best part of 1 million through a placing of new ordinary shares to further develop its hosting platform and put more behind its push into the indirect reseller markets.

Nasstar said it would be taking on extra funding earlier this year when it announced intentions to fund a partner programme among the reseller channel, and further develop its Nasstar hosted desktop platform.

Of the 900,000 being invested in the company, 200,000 will be used to repay debt but the rest will put into building out its presence in the emerging cloud computing market, a company director told us.

Nasstar's primary route to market is a recently launched partner programme initiative which already has 16 companies contracted to sell its Hosted Desktop and Hosted Exchange services. Its been 12 months in development and is just now started to get some traction, Damion Greef, Operations Director explained. Another ten resellers are being lined up, the company said.

Founded in 1998, AIM-listed Nasstar offers services that enables subscribers to draw computing resources from out of the internet cloud, with access to their desktop, files, applications and email being made over the internet rather than across an on-premise LAN.

It currently supports 1,000 live desktops and will add to that with another 800 hosted desktops that are currently under contract and which will be delivered to clients in the coming months.

The customer base is drawn from a spread of industry sectors, but Greef told us that of late smaller businesses with offices located across dispersed geographies are seeing the attraction in the desktop-as-a-service proposition.

Businesses like estate agencies and recruitment firms want to position themselves to able to gear up as the economy comes back, he explained. Being able to provision desktops wherever they are needed and without the need for any major capital expenditure in new infrastructure and software is proving very attractive, he suggested.

With the credit crunch biting, organisations have found that they can't afford to make capital investments in PCs. Commentators argue this is not a blip but a sign of things to come.

Gartner has confirmed more businesses will begin the turn towards hosted desktops and cloud services in preference to investing in on-premise hardware and software.

Six months ago it predicted the fastest growing server workload running in the data centre over the next two to three years is going to be the desktop. The analyst house also believes it is going to be the fastest growing client architecture over the next few years.

It is estimated that the hosted virtual desktop (HVD) market will accelerate through 2013, reaching 49 million units.

Worldwide revenue for the market segment could grow from about $1.5 billion in 2009 to around $65.7 billion in 2013, or roughly from 1% to 40% of the worldwide professional PC market.

With Nasstars hosted desktop service, a user can access all the usual Office applications via the internet, and tap into any document, company file or data held in that or some other popular business package like Sage accounts or CRM, with the service secured, monitored and managed out of Nasstars own data centres

WINS finally moving up may mean this can start rising on positive news now.

I don't get this company....................i thought thats why the laptop and wi fi were developed!..........

what happens if you're laptop is stolen!!!

cloud computing means the programs and data are held in the cloud, you just need to get a new laptop. smartphone etc and log in again, no restoring program files onto the laptop.

just starting to fuel up....

take off fast approaching as microsoft prepare to push nasstar in a big way to counter google...

still time to catch this one if you missed RLH...

These will fly like Imagination Technology, which itself went through some traumatic times or take the polarised route of Tadpole Technology, which never really made any advantage from it`s developed systems
Hope it goes well for you who are in though

starting to turn again..

new product launch coming up with microsoft event on the 27th as well..

building up to a decent run maybe???

rising nice and slowly at the moment.

avoids the masses getting involved, for NOW..

hoping for a few more in the not too distant future..

With citrix hoping to push the NASA hosted desktop onto its 400 resellers, any hint of success in this approach could lead to massive dividends and massive rerating as co. is VERY tightly held now..

big week ahead for NASA.

with no sign of the seller today the buyers are starting to creep back in again.

possible deal with Hertz rentals talked about on other sites!!

Nasa twitter page tonight stating that Microsoft are to promote NASA hosted exhange as part of its business email hosting!!!

results tommorrow, financials will be poor with abortive due diligence costs and director pay-offs.

but if cloud computing is the future its partner programme will pay dividends, one to tuck away and look again in 12 months.

Still Waiting - 10 Dec 2009 22:56 - 15 of 16

Nasa twitter page tonight stating that Microsoft are to promote NASA hosted exhange as part of its business email hosting!!!
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Can you verify this with a link to a source?

Who runs the "NASA Twitter page"?

Spoke to co. the other night.

5 UK companies are to be part of the promotion, NASA being one of them, starts in Jan 2010.

http://twitter.com/nasstar/

co. are quite approachable to shareholders, give them a ring.

good things ahead imho.

FD today bought 95K.

always a good sign the bottom has been reached when a director (especially the FD) buys a decent chunck of stock.

9.5k, hardly earth shattering

agreed but its a start.