NEW YORK ( TheStreet) -- Virtualization specialist AppSense may not be as well known as VMware ( VMW - Get Report), but the Goldman Sachs ( GS - Get Report)-backed company says it could become equally successful. "Could we be the next VMware ( VMW - Get Report)? The next Citrix ( CTXS - Get Report)? Absolutely, we believe we could," said AppSense CEO Darron Antill in an interview with The Street. "Our ambition is to remain independent and be a leading independent software company of the decade in the user virtualization space." This may seem like a bold claim, but AppSense has already garnered plenty of positive attention. Last year, the company received $70 million from Goldman Sachs ( GS - Get Report) -- Goldman's largest technology investment other than Facebook ( Facebook), which raised $450 million from the bank. "Someone told me they
Goldman Sachs only invested in number ones, and I think they're absolutely right," said Antill. The CEO said that while the likes of VMware, Microsoft ( MSFT) and Citrix virtualize servers, applications and desktops, AppSense is taking a new approach to virtualization. "AppSense classically hasn't fitted into any of the other existing software infrastructure categories," explained the CEO. "We have spent the last three or four years developing this whole 'user virtualization' category." According to the executive, AppSense's software lets users securely access content, applications and data, both personal and corporate, across devices such as desktops, laptops, tablets and mobile phones. "The BYOD initiatives going on in the enterprise are also opening up a whole new opportunity for AppSense," he added. BYOD, or Bring Your Own Device, refers to the growing trend of employees deploying corporate apps and content on their own personal gadgets such as smartphones and tablets. AppSense has already earned an impressive reputation helping businesses get their arms around their Microsoft Windows infrastructures, according to Rachel Chalmers, vice president at 451 Research. "AppSense gives companies a way to control costs around managing desktops," she explained. "I have liked the company for a long time - they have defined the market for user virtualization." Set against this backdop, AppSense has grown its business 40% to 50% year-on-year for the last four years, generating cash and profits since day one. "We're growing fast because there's demand for our products," said Antill. "We've built out our proposition; therefore we've got more technology to sell to our existing clients and new clients and we've globalized."
Based in the U.K., with a U.S. headquarters in downtown Manhattan, AppSense has racked up more than 3,000 customers worldwide since its founding in 1999, including 18 of the top 20 banks. With its customer list expanding, AppSense has also grown its total workforce from 180 to 450 employees in the last two and a half years. A third of these employees are in the U.S., which now makes up half of the company's business. "We're just about to move into Latin America and into Canada," noted Antill, adding that the firm is also expanding its presence in areas such as Scandinavia and Eastern Europe. AppSense is also racking up an impresssive list of partners, which includes HP ( HPQ), IBM ( IBM), Cisco ( CSCO) and Microsoft, along with VMware and Citrix. "We work within the ecosystem of VMware, or Citrix and Microsoft," explained Antill. "We've worked with them for years - we sit on top of their stack." With the tech IPO market getting back into gear after a brief Facebook ( FB - Get Report)-induced hiatus, TheStreet asked Antill whether AppSense will take eventually take the public plunge. "Raising money on the capital markets is one option," he replied, but noted that AppSense hasn't "ruled anything out or anything in." "We will look at all options to enable us to continue to grow, to make ourselves more relevant, and to build out our proposition," he added. "It's important to us that we continue to look at making further acquisitions." Earlier this year, for example, AppSense acquired RAPsphere, which develops mobile information management solutions, for an undisclosed fee. 451 Research analyst Chalmers would not rule out the possibility of AppSense becoming a public company one day. "If they execute, they can have a crack at an IPO," she said, but warns that AppSense is in a competitive market. "Citrix and VMware have some products in this space," she added, noting that desktop management specialist Res Software is another rival. AppSense's technology is "really interesting and well-engineered," according to Dan Kusnetzky, founder of technology research and consulting firm Kusnetzky Group. The analyst, however, warns that the startup has a marketing challenge on its hands. Virtual Computer, which is now part of Citrix, and Moka 5, seem "vaguely similar" to AppSense, he said, but noted the products' technical underpinnings are different. "
AppSense's challenge is making what they're doing distinguishable from what the others are doing," he told TheStreet. "And proving that what they're doing is better, cheaper, faster, smarter." --Written by Nathalie Pierrepont and James Rogers in New York. Follow @nrpierrepont Follow @jamesjrogers >Contact by Email. >To submit a news tip, send an email to: email@example.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.