Infosys has made an additional investment of US$1.5 million through the Infosys Innovation Fund in TidalScale. Infosys has previously invested US$1.5 million in TidalScale in 2016, taking the cumulative investment, as of date, to US$3.0 million. The investment is expected to be completed by September 28, 2018, subject to necessary approvals.
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.
Deepak Padaki, Executive Vice-President, says, “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. It is especially relevant to dynamically scale the compute power of servers for applications such as big data analytics, which are growing exponentially.”
Gary Smerdon, President & CEO, TidalScale, says, “It’s an honour 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. 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.”
