Friday 11 November 2016

Infosys investment USA Based TidalScale

Infosys Ltd., the second largest software services exporter, Friday announced its decision to invest in software-defined server provider TidalScale. Share of the company fell.

Software-defined servers simplify the way companies can apply computing resources to tackle big problems.

TidalScale Software-Defined Servers deliver in-memory performance at any scale and are self-optimizing. It uses standard hardware that 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," said Ritika Suri, EVP of Corporate Development and Ventures, Infosys.

At 2:05PM, Infosys slipped 1.3% to Rs 927.20 on the National Stock Exchange.

Reliance Capital, a unit of Reliance Anil Dhirubhai Ambani Group, raised Rs 150 million by selling bonds maturing in 456-days.


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