Adaptive Computing In Deal With In-Q-Tel
Provo, Utah-based Adaptive Computing, which develops private cloud management and high performance computing (HPC) software, said today that it is in a strategic partnership and technology development agreement with In-Q-Tel, the investment arm of the U.S. intelligence community. Details on that agreement were not announced, however, those deals typically include a venture investment in the company. Adaptive Computing said the deal calls for it to enable broader applicability of private clouds within the intelligence community. In-Q-Tel makes investments in technology of interest to the CIA and the U.S. government's other intelligence agencies. Adaptive Computing is led by Rob Clyde, and develops Moab, a cloud computing management product used to manage high performance computing workloads. Adaptive Computing's other backers include EPIC Ventures, Intel Capital, and Tudor Ventures.
posted on Wednesday, August 22, 2012 (Link to more information)
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