April 9th, 2009
Cisco picks up Tidal Software
Cisco Systems said Thursday that it will acquire privately held Tidal Software, which makes application management and automation software, for $105 million.
The networking giant said the addition of Tidal will advance its data center and service offerings.
Tidal’s employees will be folded into Cisco’s advanced services unit when the deal closes in the fiscal fourth quarter.
In a statement, Cisco added:
Tidal Software’s intelligent solutions will bolster Cisco’s 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 will also create significant opportunities for Cisco and its partners through the delivery of partner-led services, leveraging Cisco’s application management capabilities.
Larry Dignan is Editor in Chief of ZDNet and Editorial Director of ZDNet sister site TechRepublic. See his full profile and disclosure of his industry affiliations.
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