Flash-To-iPad Service iSwifter To See $10M Revenue In First Year

iSwifter, a cloud-based service that allows for streaming Flash games to dedicated iPad applications, is on track to see in excess of $10 million in revenues for its first year of business, the company said this week. The service was founded late last year by former Symantec executive Rajat Gupta, and works in a similar way to console-focused cloud-based gaming services OnLive and Gaikai. The company also noted that it has appointed Ajit Mayya as its VP of engineering. Mayya was previously the senior director of engineering at virtualization software developer VMware. "Ajit has been a key executive at multiple start-ups and his experience at VMware, the technology leader in systems virtualization with a $40 billion market cap, is going to be totally awesome for us," said Gupta. "With Ajit on board, we are building a world-class engineering team and will broaden the company's streaming offerings beyond Flash applications to become the 'Netflix of Applications.'" Ajit Mayya noted of his move to iSwifter, "Streaming Flash applications for mobile is just the beginning for iSwifter." "Users want instant access to their content and applications regardless of the device they are using: be it music, video or iSwifter based applications streamed over WiFi and 3G/4G networks."