Cisco agreed to acquire privately held Tidal Software for approximately $105 million in cash and retention-based incentives.
Tidal Software's mission is to automate many of the complex and routine tasks associated with day-to-day application management: job scheduling and performance monitoring. From a single console, Tidal can create an optimized view of application operations across an enterprise. The company is based in Palo Alto, California and Houston, Texas.
Cisco said Tidal Software's intelligent solutions will bolster its data center strategy by providing timely, accurate and cost-efficient management and automation of application performance across entire business operations, from the server through the network to the desktop. The acquisition is also expected to create significant opportunities for Cisco and its partners through the delivery of partner-led services, leveraging Cisco's application management capabilities.
Cisco is pioneering the development of next-generation data centers that unleash the full power of virtualization. It recently unveiled its vision of Unified Computing, an evolutionary data center architecture which unites compute, network, storage access, and virtualization resources in a single cohesive system.
Upon the close of the acquisition, the Tidal Software team will become part of the Cisco Advanced Services organization. The acquisition is subject to various standard closing conditions and is expected to close in the fourth quarter of Cisco's fiscal year 2009.
http://www.cisco.com
http://www.tidalsoftware.com/
- Tidal Software is headed by Flint Brenton, who has held the post since March, 2003. Formerly Senior Vice President & General Manager of NetIQ's Security & Administration business unit, Flint has held leadership positions at NetIQ, Compaq Computer Corporation, BMC Software and IBM.
