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Cisco to Buy Tidal Software

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April 09, 2009 |Comments: 0
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CSCO

Cisco Systems Inc. (CSCO) said today that it is planning to buy Tidal Software Inc. for about $105 million in cash and incentives.

Tidal Software, a privately held company, develops management software for applications such as SAP, Java, Peoplesoft, and Microsoft’s. With this acquisition, the company aims to enhance its range of products and services for corporate data centers.

Cisco said that the deal is expected to close in the quarter ending in July.

Shares of the Zacks #3 Rank ("Hold") company gained a little over 4% today on volume of about 42 million. The company's average volume is more than 58 million.

Read the full analyst report on CSCO

 
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