India’s second-largest IT firm Infosys
on Friday announced that it has invested an undisclosed amount in US-based
TidalScale. TidalScale helps companies draw insights from big data faster, more
easily and with greater flexibility at improved costs.
on Friday announced that it has invested an undisclosed amount in US-based
TidalScale. TidalScale helps companies draw insights from big data faster, more
easily and with greater flexibility at improved costs.
The California-headquartered firm’s
solution collates all physical server resources as if it were running on a
single large computer to help clients with large computing problems.
solution collates all physical server resources as if it were running on a
single large computer to help clients with large computing problems.
“Among our client base, we see a
need for inventive and cost-effective approaches to derive business value from
big data, and our investment in TidalScale underscores our commitment to our
clients to bring innovative new solutions across our platforms and
offerings,” Infosys Executive Vice-President of Corporate Development and
Ventures Ritika Suri said in a statement.
need for inventive and cost-effective approaches to derive business value from
big data, and our investment in TidalScale underscores our commitment to our
clients to bring innovative new solutions across our platforms and
offerings,” Infosys Executive Vice-President of Corporate Development and
Ventures Ritika Suri said in a statement.
This round of investment, details of
which were not disclosed, will be completed on or before November 24, the
statement added.
which were not disclosed, will be completed on or before November 24, the
statement added.
“We believe this partnership with
Infosys, a global leader in next-generation services, will provide significant
value to our customers and help them easily expand the amount of data they are
able to digest, analyse and act upon,” TidalScale CEO and President Gary
Smerdon said.
Infosys, a global leader in next-generation services, will provide significant
value to our customers and help them easily expand the amount of data they are
able to digest, analyse and act upon,” TidalScale CEO and President Gary
Smerdon said.
According to reports, TidalScale has
raised over $11 million in funding so far. It was founded in 2012.
raised over $11 million in funding so far. It was founded in 2012.
