PALO ALTO, CA -- 10/25/07 --
Tidal Software, a leading provider of
application scheduling and performance management software, today announced
its results for the first quarter of fiscal 2008, ending September 30,
2007. Total revenue increased 32% year over year for the first quarter,
continuing the company's strong growth.
The company was profitable and continued to be cash flow positive for the
seventeenth consecutive quarter, which are in line with the company's plan.
New customers drove over half of the new license revenue for the quarter,
highlighting the company's drive to expand its market. The company's
integrated solutions for automation across the data center continued to
provide strong differentiation for its offerings.
"Our focus on integrating enterprise scheduling and application performance
automation across the data center has aligned us well with the market
trends. This continues to deliver increasing value for our customers," said
Flint Brenton, CEO and President of Tidal Software. "Solutions for
automating the operation of the data center are vital to today's dynamic IT
environments. Increasingly this automation is central to managing service
delivery and cost-effective resource utilization, especially in SOA and
virtualized environments. Through the integration of our solutions for
management of process automation and application performance we are
completing a vital link, enabling IT to deliver real-time response to the
needs of the enterprise."
Highlights of the quarter included further adoption of Tidal's application
performance management products for both SOA and ERP applications. New
customers for Tidal's management products for SAP Solutions included Home
Depot and Albany International while competitive wins for Tidal's
management products for SOA and Java included JPMorgan Chase.
During Q1, the company delivered new versions of application performance
management solutions for ERP. It introduced Tidal(TM) Horizon for
PeopleSoft, now offering users the ability to bring automation to the
performance management of PeopleSoft applications. The company also
announced the availability of the latest version of its Horizon for SAP
Solutions which extends the automation of performance management of SAP to
cover SAP NetWeaver as well as support for performance management of SAP on
DB2 and mainframe environments.
In separate news, the company announced today two new executive
appointments in its sales organization. Rick Miller is now VP of Sales for
North America. Christopher Kenessey, a seven-year veteran of Tidal, will
become VP of Sales for EMEA. The moves are part of Tidal's ongoing
investment in expanding the coverage and reach of its global sales
operations.
About Tidal Software
Tidal Software is a leading provider of application scheduling and
performance management software that radically simplifies IT operations by
automating and integrating performance and process management. Tidal's
solution puts IT operations management into the business process using new
levels of automation, visibility, and control over systems. Tidal makes
applications such as SAP®, PeopleSoft®, and Oracle E-business Suite(TM)
more efficient, reliable, and secure to return greater business value.
Tidal also gives IT deep visibility into and precise control over new
SOA-based composite solutions consisting of packaged applications and
custom components in Java and .NET. General Mills, HP, ING Direct,
Microsoft, and T-Mobile are among the Tidal customers who use Tidal to
reduce operational costs by running IT at higher efficiency rates and
containing overall data center footprints. Privately held, Tidal is
venture-backed by Kleiner Perkins Caufield & Byers, Novus Ventures,
Panorama Capital, and VantagePoint Venture Partners. For more information,
contact Tidal Software at (650) 475-4600 or visit www.tidalsoftware.com.
Tidal Software Logo, Tidal Enterprise Scheduler, Tidal Horizon, Tidal
Intersperse and Expert-in-a-Box are trademarks of Tidal Software, Inc. All
other trademarks are those of their respective owners.
For more information contact:
Will Matlack
650.475.4645
pr@tidalsoftware.com
Web site: http://www.tidalsoftware.com
