BANGALORE, November 11, 2016 /PRNewswire/ --
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment in TidalScale, a pioneer in Software-Defined Servers that simplify the way companies can apply computing resources to tackle big problems.
TidalScale 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 a new wave of innovation in scalable computing, TidalScale is making it possible for more organizations to draw insights from big data faster, more easily and with greater flexibility than ever before. In the process, TidalScale transforms the economics and time constraints of working with big data.
"TidalScale-based systems can scale dynamically and at linear cost as application needs evolve, without the need for costly hardware investments or time-consuming software rewrites. As a pioneer of Software-Defined Servers, TidalScale provides solutions that are extraordinarily simple to use, requiring absolutely no changes to existing operating systems, databases, or applications. 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," said Ritika Suri, Executive Vice President of Corporate Development and Ventures at Infosys.
"The vast amount of data which is available to organizations around the globe is both an opportunity and a challenge. The Software-Defined Server technology created by TidalScale enables customers to glean insight from ever-growing data volumes by scaling systems quickly, easily and affordably across virtually any population of commodity servers. 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, analyze and act upon," said Gary Smerdon as President and Chief Executive Officer of TidalScale.
The investment will be completed on or before November 24, 2016.
Infosys is a global leader in technology services and consulting. We enable clients in more than 50 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 199,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.
TidalScale is the leading provider of Software-Defined Servers that simplify the way companies can apply computing resources to tackle big problems. TidalScale solutions deliver in-memory performance at any scale, are self-optimizing, use standard hardware and are compatible with all applications and operating systems. TidalScale is making it possible for more organizations to draw insights from big data faster, more easily, and with greater flexibility than ever before. Find out how TidalScale transforms the economics and time constraints of working with big data at tidalscale.com.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2015. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
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