Jelastic Receives $1 Million USD Grant from the Skolkovo Foundation

Grant from Skolkovo Innovation Center to be used to develop Jelastic Private Clouds

Palo Alto, CA., July 5, 2012Jelastic today announced that it has received a $1 Million USD grant from the Skolkovo Foundation for the development of their Private Cloud. The grant funds will be used to create a working prototype of the Jelastic Private Cloud (JPC). The JPC will provide a stable and flexible platform for companies and government agencies to use in–house. The project will be supported by Jelastic’s current work and advancements with its public Cloud offering.

JPC has the same flexible infrastructure as Jelastic’s public Cloud, but is targeted for the B2B market. The potential users for private Clouds are companies with their own datacenters and infrastructure that have need of a in–house PaaS. The JPC will be designed to simplify and reduce the operational costs of Enterprise-level applications written in Java, PHP and .NET. With the JPC, companies will be able to easily manage their IT resources in real-time: being able to monitor and control application loads, high-performance computing resources, secure infrastructure applications, integration with public Clouds and services, as well as having a powerful and flexible IT management platform.

The development of the private Cloud is being done under a Russian subsidiary of Jelastic. “For years companies have had to manage large amounts of computing resources and software. The maintenance of that infrastructure is not only very expensive, but time consuming—requiring more and more human resources to manage that infrastructure every year. Companies have been looking for ways to reduce IT costs, but public Clouds are not suitable yet for a number of reasons, particularly with respect to security. The solution is private and hybrid Clouds, for which the demand is growing quite rapidly. Thanks to the Skolkovo Fund, we will be able to supply that demand with a superior solution to any that is currently available,” said Alexey Skutin, Co-Founder of Jelastic.

Currently, Jelastic has public Clouds available in Europe, North America, Russia, the UK and Japan with its partners, dogado and HostEurope, ServInt, Rusonyx, Layershift and Tsukaeru, respectively. Anyone can go and try out Jelastic’s public PaaS for free at Jelastic.com.


About The Skolvoko Foundation
The Skolkovo Foundation is the principal agency responsible for the Skolkovo Innovation Center, a center for excellence in scientific and technological research and development. It is a non-profit founded in 2010 by a directive of Russian Presdident Dmitry Medvedev. The primary mission of the foundation is to encourage and create an environment favorable for scientific advancement in five primary areas: Information Technology, Energy Efficient Technologoy, Nuclear Technology, Biomedical Technology and Space Technology and Telecommunication. The Skolkovo Innovation Center is comprised of the Skolkovo Institute of Science and Technology, established in partnership with MIT, private seed and venture funds, corporate R&D partners and start-up companies. It is a completely-developed city with over 30,000 residents and employees. You can learn more about the Skolkovo Foundation at www.sk.ru.

About Jelastic
Jelastic, Inc., a startup company based in Palo Alto, Calif., makes the Java server hosting platform for developers and hosting service providers. Jelastic is the only PaaS offering designed specifically for hosting service providers to deploy and make available to their customers. Jelastic automatically scales Java applications and allocates server resources required by applications, thus delivering the true next generation Java cloud computing. You can learn more about Jelastic or sign-up for the service for free at Jelastic.com.