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Cisco to Buy Tidal Software
Cisco Systems Inc. (CSCO - Analyst Report) 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.
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| Market Summary | Nov 21, 2009 19:29 pm ET |
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