* Cisco to buy Tidal Software for $105 mln
* Acquisition aimed at boosting data center sales
* Cisco shares up 4.6 percent
NEW YORK, April 9 (Reuters) – Network equipment maker Cisco
Systems Inc (CSCO.O) said on Thursday that it planned to buy
privately held Tidal Software Inc for about $105 million in
cash and incentives, to bolster its range of products and
services for corporate data centers.
Tidal Software offers management software such as job
scheduling systems and applications that automate and control
business processes, helping companies reduce operational
Cisco has been expanding from its traditional focus on
routers and switches to a wider range of network equipment and
software. It recently announced a strategy to start selling
computer servers and offer a wider set of services and software
to help data centers manage online traffic more efficiently.
Cisco said it expected the deal to close in the quarter
ending in July.
"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," Cisco said in a
In late January, Tidal Software said revenue for the
quarter ended Dec. 31 had risen moderately from a year earlier,
and that it was profitable. Customers include Citibank and
Microsoft Corp (MSFT.O).
Cisco shares were up 4.6 percent at $17.91 in morning
(Reporting by Ritsuko Ando; Editing by Lisa Von Ahn)