Sep 17: Tech major Infosys Ltd on Monday announced that it has made an additional investment of $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 $ 1.5 million in TidalScale Inc. in 2016 taking the cumulative investment as of date to $ 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,” he added.
According to Gary Smerdon, President and CEO, TidalScale, “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. 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, Infosys said.