Infosys Makes Additional Investment of US$1.5 million in TidalScale Inc.
Deepthi | Myequity news | Date : 17-09-2018 16:40:00 IST
Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an additional investment of US$1.5 million through the Infosys Innovation Fund in TidalScale Inc., the company at the heart of the Software-Defined Server revolution. Infosys has previously invested US$ 1.5 million in TidalScale Inc. in 2016 taking the cumulative investment as of date to US$ 3.0 million.
TidalScale’s award-winning Software-Defined Servers deliver in-memory performance at any scale, are self-optimizing, use standard hardware, and are compatible with all applications and operating systems. By enabling organizations to create systems of virtually any size using the commodity servers they already own while requiring no software changes, TidalScale makes it possible for more organizations to draw insights from big data faster, easily and with greater flexibility than ever before. In the process, TidalScale transforms the economics and time constraints of working with big data. “It’s an honor to receive a second investment from Infosys, whose reach as a leader in consulting, technology, outsourcing and next-generation services spans 50 countries around the world,”
“We are excited to further strengthen our relationship with TidalScale. Their groundbreaking software-defined server technology addresses a key challenge that many enterprises face - to rapidly increase the return on their existing investments in technology infrastructure assets,” said Deepak Padaki, Executive Vice President. “It is especially relevant to dynamically scale the compute power of servers for applications such as big data analytics, which are growing exponentially.”
said Gary Smerdon, President and CEO, TidalScale
. “At TidalScale, our focus is to solve problems that until now were difficult or impossible to tackle using the usual approaches to scaling. Our customers are discovering that they don’t have to implement costly new hardware or get bogged down in rewriting code so their workloads can run across clusters. With TidalScale, they use their own systems to create tomorrow’s server today. We are excited that Infosys so enthusiastically shares our vision.”
The investment is expected to be completed by September 28, 2018 subject to necessary approvals. About Infosys:
Infosys is a global leader in technology services and consulting. It enables clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, it helps clients find the right problems to solve, and to solve these effectively.