Infosys up investment by US$1.5m in US-based TidalScale
Software and outsourcing major Infosys said it invested an additional US$1.5 million in US-based virtual servers provider TidalScale, doubling its investment to US$3 million. In a statement, Infosys said the additional investment is made through its innovation fund. The company first invested US$1.5 million in the California-headquartered company in 2016. TidalScale’s servers deliver in-memory performance at any scale, are self-optimizing, use standard hardware and are compatible with all applications and operating systems. The servers also enable organizations to create systems of any size, using the commodity servers they have while requiring no software changes. Infosys said the investment is expected to be completed by September 28, 2018, subject to necessary approvals. Earlier, Infosys said it was buying Europe-based Salesforce consultant Fluido for US$76 million. Finland-based Fluido is a privately held firm that was founded in 2010. The acquisition marks the company’s second acquisition under chief executive officer Salil Parekh, who took over nine months ago.
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