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Tuesday April 24, 2018

Goldman Sachs Takes $70 Million Stake in NY’s AppSense

Goldman Sachs Group Inc. invested $70 million in New York-based AppSense Ltd., a 12-year-old company allowing users access to their corporate computers remotely from laptops, tablets and smartphones.  The funding is the first outside capital AppSense has received since it was founded.

AppSense plans to expand from 300 employees to between 450 and 500 within the next year, but remains three to four years away from an IPO, according to its chief executive officer Darron Antill in an article in Bloomberg Businessweek.  The company has a base in London in addition to New York, and is currently investing in Europe, the Middle East and Africa.

AppSense increased its revenue 60% to $47 million last year and is on track to do the same for this year.

Bloomberg Businessweek

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