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Non-Public Companies : IT & Computers


Tidal Software Announces Record Revenues and Fifth Consecutive Year of Profitability

Aug 1, 2008 - 8:36:01 AM

News Source MARKET WIRE

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PALO ALTO, CA -- (MARKET WIRE) -- 08/01/08 -- Tidal Software(TM), a leading provider ofapplication scheduling and performance management software, today announcedrecord revenues for its fiscal year end June 30, 2008. It also announcedits fifth consecutive year of profitability. Trends towards proactivemanagement and automation, as well as the company's industry-leadingsolutions, have prompted new and existing customers to accelerate theirpurchases of products and services from Tidal, leading to record revenuesin FY '08.

Tidal's strong financial performance was driven by more than 200 percentgrowth in combined revenues from sales of its Application PerformanceManagement Product Suite. In addition, propelled by deployments ofenterprise scheduling and application performance management products,revenues from Tidal's professional services group increased 37 percent.

"I am pleased that the market continues to embrace the vision of proactivemanagement and automation represented by our growing product line," saidFlint Brenton, president and CEO of Tidal Software. "The key to our successhas always started with the customer. Our customer conversations have ledus to develop solutions targeted at some of the most difficult problemsfacing today's data centers. This focus has driven the tremendous growth ofour application performance management product suite and the continuedstrength of our enterprise scheduling solution."

FY '08 saw the company achieve record results in license revenue, newcustomer acquisitions, and services revenue for its application performancemanagement solutions as the market continued to shift from reactive toproactive management of mission-critical applications such as SAP,PeopleSoft, and Oracle E-Business Suite. During 2008, Albany International,and Implema AB among others, selected and deployed Tidal solutions.

During FY '08, Tidal continued to advance its leading position in theenterprise scheduling solution space through the introduction of numerousproduct additions, including an enterprise adapter for VMware and anIntelligent Reporting module. Sales of Enterprise Scheduler also continuedtheir strong growth as customers such as FreshDirect, the PhiladelphiaStock Exchange, and the Massachusetts Medical Society selected or expandedtheir use of this popular product.

FY '08 also saw the company introduce Tidal Intelligent Automation forExchange Server, a product designed to manage and administermission-critical Exchange Server environments. "This product offers aunique approach to the problems facing many in the management andadministration of Exchange Server environments," said Mr. Brenton. "Becausecompanies are increasingly using Exchange as a critical backbone of theircorporate communication and collaboration strategy, having it runefficiently is imperative. Intelligent Automation for Exchange Server helpscustomers achieve this result. We are extremely gratified by the trendtoward early adoption."

The Year Ahead:

Although a slowing economy will likely impact enterprise technology salesacross the board, Tidal Software anticipates not only continued annualrevenue growth going forward but also faster sales growth in some lines ofbusiness for the following reasons:

--  Running applications that process growing volumes of data requires    batch automation.--  Increasingly sophisticated applications as well as ad hoc queries and    processes demand real-time automation.--  Enterprises will seek out performance management products to increase    their return on investment in IT.    

About Tidal Software

Tidal Software is a leading provider of application scheduling andperformance management software that radically simplifies IT operations byautomating and integrating performance and process management. Tidal'ssolution puts IT operations management into the business process using newlevels of automation, visibility, and control over systems. Tidal makesapplications 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 newSOA-based composite solutions consisting of packaged applications andcustom components in Microsoft .NET and Java. General Mills, HP, INGDirect, Microsoft, and T-Mobile are among the Tidal customers who use Tidalto reduce operational costs by running IT at higher efficiency rates andcontaining overall data center footprints. Privately held, Tidal isventure-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.

The Tidal Software logo, Tidal Enterprise Scheduler, Tidal Horizon andExpert-in-a-Box are trademarks of Tidal Software, Inc. All other trademarksare those of their respective owners.

For more information, contact:
Will Matlack
650.475.4645
pr@tidalsoftware.com
Web site: http://www.tidalsoftware.com



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