Cisco's Tidal Software ERP Deal to Boost Reseller-Led Services
Cisco believes Tidal Software's automation software will make it easier for solution providers to deliver Cisco professional services to end users.Cisco plans to acquire privately-held Tidal Software, a maker of application management and automation software, paying about $105 million in cash plus retention-based incentives.
Cisco says that the acquisition will create significant opportunities for both Cisco and its partners through the delivery of partner-led services that leverage Cisco's application management capabilities. Although privately-held, Tidal Software says that in the quarter ended Dec. 31, 2009, its professional services and maintenance revenues had climbed significantly, growing by 26 percent over the same period a year earlier.
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