Solix Partners with Scalable Systems for Next-Generation Vertical Solutions in Big Data and Data Archiving

Solix Technologies, Inc. (www.solix.com), a leading big data application provider for empowering data-driven enterprises, today announced a strategic partnership with Scalable Systems, a next-generation data, analytics and digital transformation company, to provide comprehensive data management and archiving solutions.

Scalable Systems will offer the Solix Big Data Suite and Solix Enterprise Data Management Suite (EDMS) to its customers, providing support for enterprise archiving, application retirement and advanced analytics on low-cost Apache Hadoop.

Apache Hadoop is an ideal common data platform for big data applications because it offers very low-cost bulk data storage and advanced analytics applications on an enterprise scale. By processing large data sets in parallel on commodity hardware, Apache Hadoop is able to reduce infrastructure costs up to 50X for nearly any workload.

"We are excited to partner with Scalable Systems, a leader in information technology services," said Sai Gundavelli, Founder/CEO, Solix Technologies Inc. "Our joint vision for a common data platform will empower Scalable Systems's customers to reduce costs and further meet compliance requirements."

"Solix's Big Data Suite and Enterprise Data Management Suite provide a natural fit for our focus on industry-specific big data solutions such as IntelliPayer, IntelliPatient and IntelliHotel," said Sam Biswal, CEO of Scalable Systems. "Coupled together, our joint solutions provide significant benefits to our customers looking for cost effective solutions for information lifecycle management, data privacy, and enterprise big data analytics."

Key benefits of Solix enterprise data management solutions include:

- Improve application performance
- Reduce maintenance and storage costs
- Mask and protect sensitive test data
- Create database subsets and clones
- Decommission legacy applications
- Archive and access data based on compliance and regulations

Shares of TECHNVISION VENTURES LTD. was last trading in BSE at Rs.189.4 as compared to the previous close of Rs. 180.4. The total number of shares traded during the day was 536 in over 10 trades.

The stock hit an intraday high of Rs. 189.4 and intraday low of 172. The net turnover during the day was Rs. 100789.

Source : Equity Bulls

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