23 Jun 2010   |   News

Concurrent Thinking raises £1M with backing from the Carbon Trust

Spin out

Concurrent Thinking Ltd has been spun out from Streamline Computing as part of a £1 million investment co-led by two public investment funds, the Carbon Trust and the Mercia Fund. Other investors in the company include the management team and Streamline shareholder Midven. The new company will use the investment to drive international sales growth of its technology for managing large-scale distributed computing environments, to help reduce energy use, carbon emissions and costs.

Concurrent’s remote, web 2.0-enabled software provides an array of system management capabilities that are all accessible through a single interface. The technology tightly integrates environmental monitoring, power monitoring and control (at both at power distribution unit and server levels), with server and operating system management. This allows data-centre managers to optimise, for example, distributed IT environments, by automatically turning servers on or off depending on workload.

It also enables users to pin-point problems such as overheating, high power usage or a lack of system resources at a glance. This makes it possible to make intelligent decisions that minimise energy consumption and reduce carbon emissions.

Peter Linthwaite, Managing Partner of CT Investment Partners and adviser to Carbon Trust Investments, said, “Total annual carbon emissions from the ICT industry now rival those from the aviation industry. Supporting technologies that reduce energy consumption in data centres is a key focus for us.”

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