Wednesday, May 20, 2009
Cisco Completes Tidal Software Acquisition
San Jose-based Cisco reports today that it has completed its acquisition of Tidal Software. Palo Alto-based Tidal Software was a developer of application management and automation software. Cisco said that Tidal Software's team has become part of its Cisco Advanced Serviecs organization. Cisco said it would pay $105M in cash for Tidal in April; Tidal was venture backed by Panorama Capital, JPMorgan, Novus Ventures, VantagePoint, and Kleiner Perkins Caufield & Byers.