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Infosys invests in US-based TidalScale

TidalScale helps companies draw insights from big data faster, more easily and with greater flexibility at improved costs.

, ET Bureau|
Updated: Nov 11, 2016, 05.19 PM IST
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MUMBAI: Infosys said it invested an undisclosed amount in software-defined server company TidalScale whose offering makes it more cost-effective for companies to analyse big data.

“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,” Ritika Suri, Executive Vice President of Corporate Development and Ventures at Infosys, said in a statement.

Santa Clara, California-based TidalScale was founded in March 2012. The company has investments from Citrix’s startup accelerator, Hummer Winblad Venture Partners. Bain Capital Ventures and Samsung also own stakes in the company.

“We believe this partnership with Infosys, a global leader in nextgeneration 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,” Gary Smerdon, President and Chief Executive Officer of TidalScale, said.

Infosys has made a slew of startup investments since it created its $500 million Innovation fund soon after Sikka took over. In August, Infosys invested in Israeli cloud computing company Cloudyn.

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Infosys doubles investment in US-based TidalScale to USD 3 mn

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