Infosys, India’s second largest software exporter, has made an additional investment of $1.5 million through the Infosys Innovation Fund in TidalScale Inc., a provider of virtual servers.
The IT firm had earlier invested $1.5 million in TidalScale in 2016, taking the cumulative investment as of date to $3 million. “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 Deepal Padaki, executive vice-president, Infosys.
“It is especially relevant to dynamically scale the compute power of servers for applications such as big data analytics, which is growing exponentially,” he said.
The investment is expected to be completed by September 28, 2018, subject to necessary approvals, Infosys said in a statement.
