SOURCE: Tidal Software

May 22, 2006 08:30 ET

Converium Uses Job Scheduler to Simplify SARBOX Compliance

PALO ALTO, CA -- (MARKET WIRE) -- May 22, 2006 -- Tidal Software, a leading provider of application scheduling and performance management software, today announced that Converium has standardized on Tidal Enterprise Scheduler. Converium, an international reinsurer, identified Tidal's solution for simplifying operational tracking and reporting in support of Sarbanes-Oxley compliance.

According to Marc Eggenberger, who heads the systems and DBA teams at Converium, simplifying operational tracking and reporting using centralized job schedule management supports compliance. "We had no central, efficient tool or method to manage the many complex jobs we run. It was clear to both IT and management that Tidal Enterprise Scheduler was the right choice because it offers us great precision and speed for processing, managing and reporting on our operations."

Converium's IT environment is heterogeneous with many custom applications that support insurance business functions, data warehouses, and development environments. Adding to the complexity, Converium has offices in such dispersed locations as Zurich, Switzerland, and Stamford, Connecticut. Prior to Tidal, the team was using SQL Agent and an in-house PERL solution to coordinate job scheduling and serve all its offices. "This was unsustainable. We evaluated several products and discovered that Tidal Enterprise Scheduler was the most robust and easiest to use. It lets users easily manage all jobs, across all systems through a single view, plus it provides rich reporting and security features," said Eggenberger.

Tidal Enterprise Scheduler is a cross-platform, cross-application job scheduling solution. With an intuitive graphical user interface, Tidal Enterprise Scheduler is the easiest to use and most complete solution of its kind. Tidal Enterprise Scheduler can manage hundreds of thousands of tasks per day.

"Our mission is to radically simplify IT operations for enterprise applications," said Rod Butters, senior vice president of marketing at Tidal Software. "Tidal products represent leaps in technology because each of our products brings unprecedented levels of simplicity to many complex and routine IT operational tasks and business functions such as compliance initiatives. Converium demonstrates how Tidal products can simplify IT operations, and thereby significantly increase alignment between IT and business requirements."

About Tidal Software

Tidal Software is a leading provider of application scheduling and performance management solutions. Tidal provides products that make applications, such as SAP®, PeopleSoft®, and Oracle E-business Suite™, more efficient, productive, reliable, and secure, enabling them to return the business value that companies need to be successful. Tidal's software is used by many of the world's most advanced datacenters, including General Mills, HP, Microsoft, T-Mobile, and Warner Brothers. The privately held company is venture-funded by JPMorgan Partners, Novus Ventures and VantagePoint Venture Partners. For more information, contact Tidal Software at (650) 475-4600 or visit the company's web site at www.tidalsoftware.com.

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

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