Infosys, a Bangalore based Indian multinational corporation that provides business consulting, information 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.
“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.”
“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,” 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.
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