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September 16, 20063Tera to Enable Utility Computing for Web Applications; Innovator Executes Upon Vision; Opens New Market Opportunities for Hosting Providers, Web 2.0 and SaaS Companies
3Tera, Inc., the innovator of grid and utility computing solutions for online services, today announces the company's vision to enable utility computing for Web applications. Comprised of seasoned industry innovators with a history of developing breakthrough technologies, 3Tera leverages grid architecture to free online applications from the hardware infrastructure required to deliver them. For the first time, Web-based applications become completely portable, easily scalable, and can be managed remotely on grids of commodity servers using only a browser. This breakthrough makes true utility computing a reality, and opens enormous market opportunities for hosting providers, as well as Web 2.0 and SaaS companies.
"Software as we know it is being replaced by online services, but scaling these services is highly complex and requires enormous amounts of capital," said Vlad Miloushev, president & CEO, 3Tera, Inc. "It is not accidental that one of the biggest search companies has more patents on load balancing than on search. 3Tera is working with hosting providers to offer reliable self-serve utility computing services that make Web applications easy to deploy, manage and scale. In the next decade, only the largest enterprises will be able to justify owning and operating their own servers."
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