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Tidal Software Announces First Quarter Results for Fiscal Year 2009

Financials Remain Strong and a Significant Number of New Customers Join Customer Base

PALO ALTO, CA -- (Marketwire) -- 10/30/08 -- Tidal Software, the leading provider of intelligent automation for IT operations, today announced results for the first quarter of fiscal 2009, ending September 30, 2008. The number of new customers increased over 30% compared to the same quarter last year fueled by strong growth in our new process automation product. Other highlights included growth in professional services for the quarter of 10%, maintenance revenue growth of 14%, and continued profitability.

"Despite the recent turn into uncharted waters that the economy has taken, this quarter demonstrates that Tidal's range of application automation solutions are still essentials for major corporations," said Flint Brenton, Tidal's CEO. "Our customers have an appetite for application automation for mission critical systems. The fact that our solutions increase the availability and decrease mean time to resolution makes them the types of solutions viewed by customers as necessities in difficult times. Performance, Process, and Workload automation solutions from Tidal Software are being used to support SAAS, cloud, and green initiatives in our customer base. With a host of robust products, strong portfolio of customers, and strong balance sheet, we are cautiously optimistic moving forward."

Tidal Intelligent Automation(TM) solutions are being received well in the market as evidenced by the addition of a significant number of new customers across diverse industries and business applications including: manufacturing, health care, financial and business services, travel, energy, and retail. The Workload Automation product line is experiencing record growth in managing complex data streams for Data Integration (such as Informatica PowerCenter and IBM Websphere Datastage) and Business Intelligence and Reporting solutions.

New products and modules introduced earlier this year have garnered significant interest from new and existing customers because they continue to increase both the breadth and depth of automation that can be achieved in IT operations. Customer response to Tidal's multifaceted automation of IT processes has been positive because the approach reduces operational costs associated with "lights on" activities, and increases the quality and consistency of the level of service delivered to the business by automating operational, diagnostic, and corrective action processes.

About Tidal Software

Tidal Software is a leading provider of application scheduling and performance management software that radically simplifies IT operations by automating and integrating performance and process management. Tidal's solution puts IT operations management into the business process using new levels of automation, visibility, and control over systems. Tidal makes applications such as SAP®, PeopleSoft®, and Oracle E-business Suite(TM) more efficient, reliable, and secure to return greater business value. Tidal also gives IT deep visibility into and precise control over new SOA-based composite solutions consisting of packaged applications and custom components in Microsoft .NET and Java. General Mills, HP, ING Direct, Microsoft, and T-Mobile are among the Tidal customers who use Tidal to reduce operational costs by running IT at higher efficiency rates and containing overall data center footprints. Privately held, Tidal is venture-backed by Kleiner Perkins Caufield & Byers, Novus Ventures, Panorama Capital, and VantagePoint Venture Partners. For more information, contact Tidal Software at (650) 475-4600 or visit www.tidalsoftware.com.

Tidal Software Logo, Tidal Enterprise Scheduler, Tidal Horizon, Tidal Intersperse, and Expert-in-a-Box are trademarks of Tidal Software, Inc. All other trademarks are those of their respective owners.

For more information contact:
Will Matlack
650.475.4645
[email protected]
Web site: http://www.tidalsoftware.com

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