Indian Techies spin magic dollars closing Rs.667 Cr deal with cloud storage solution

December 28, 2011 13:33
Indian Techies spin magic dollars closing Rs.667 Cr deal with cloud storage solution

The story of Gluster starts in a small children’s bedroom of Hitesh Chellani along with his friend Anand Babu Periyaswamy with a small investment of $200,000. They shared a unique dream of creating a software solution to increase the cloud storage of any device. The idea though ridiculed by most known, was funded by Silicon Valley entrepreneur and investor Anil Godhwani. In reality Gluster wanted to store everything from audio to video in a cloud format utilizing the least space with no additional device required.

Gluster technology is designed to handle large, scale-out environments and the huge, unstructured data stores that are becoming central to today's IT deployments. And, as an open source, software-only solution, designed to run on cost-effective, commodity hardware, it lines up well with Red Hat's core competencies. An important feature of Gluster is that it is a pure software solution, able to run on commodity storage hardware.

And then after a few supplies, the company had signed a cash deal worth of Rs.667 Cr with Red Hat, because the giant felt that the former could add value to its cloud-computing capabilities and also offers great value in standard physical and virtual computing environments.

Hitesh and Anand believed in their dream when others discarded them and worked on it, today they have reached heights proving their detractors wrong. Both from middle class backgrounds and with a unique objective are the most successful today, Wishesh wishes such enterprising individuals more luck in all their future endeavors.

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