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Tidal Software

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Tidal Software Announces Strong Second Quarter Results for Fiscal Year 2009

Market Interest in Datacenter Automation Solutions Drives Third Best Quarter in Company History

PALO ALTO, CA -- (Marketwire) -- 01/27/09 -- Tidal Software, a leading provider of application scheduling and performance management software, today announced results for the second quarter of fiscal 2009, ending December 31, 2008. The company experienced moderate growth in overall revenue compared to the same quarter last year. Also compared to the same quarter last year, this quarter delivered a combined growth of 26% for professional services and maintenance revenue, led by strong uptake of professional services for new deployments. Another highlight was license revenue growth in EMEA, which more than doubled, indicating increasing acceptance of the company's products. The company continued to be profitable.

"This economic climate is compelling enterprises to see the wisdom in investing in products and services like Tidal's that not only increase the efficiency of technology and staff, but also increase the transparency of operations, and provide a rapid and measurable ROI," said Flint Brenton, Tidal's CEO.

"For example, by using Tidal solutions to improve processes such as those that drive Business Intelligence, management can be more confident that decisions are based on the most accurate data available," said Brenton. "By using Tidal to automate IT processes that manage the operation of virtualized environments, enterprises can improve efficiency, reduce risk and errors, and increase the reliability of their business processes."

New customers this quarter adopted Tidal's job scheduling solutions and its application automation and IT process automation solutions. New customers also spanned industries and included big names like JP Morgan Chase Investment Management, as well as Blue Cross Blue Shield of California, McKesson, Sanofi Pasteur, and Spectra Labs among others.

Existing customers who added to their Tidal solutions represented diverse sectors and include well-known enterprises such as Citibank, Microsoft, Kellogs, and Coldwater Creek, among others. Existing customers who purchased additional products and services expanded datacenter automation activities by taking one of several approaches, which include extending their Tidal job scheduling automation solutions to support additional applications and systems, and further extending their Tidal based automation by adding application management solutions, as well as IT process automation solutions.

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
[email protected]
Web site: http://www.tidalsoftware.com

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