SOURCE: Tidal Software

November 29, 2005 17:00 ET

OpHedge Investment Services Manages Rapid Growth With Job Scheduler

Ease-of-Use, Scalability, and Interoperability Key to Success for Service Provider to Hedge Funds

PALO ALTO, CA -- (MARKET WIRE) -- November 29, 2005 -- Tidal Software, a leading provider of application scheduling and performance management software, today announced OpHedge Investment Services, LLC has deployed Tidal Enterprise Scheduler for handling all scheduling of processing across its systems.

Headquartered in Rye Brook, NY, OpHedge is a service provider offering middle and back office solutions for the growing and complex alternative investment management industry. OpHedge is a rapidly growing company on whom clients rely for rapid, reliable data processing for a wide range of complex financial products such as trade capturing and processing, OTC trade management, collateral management, and customized management reports.

For the high-end segment OpHedge targets, OpHedge sought a scalable and easy-to-use job scheduling solution. Commenting on Tidal Enterprise Scheduler, OpHedge's Chief Information Officer, Jeff Li, observed, "Tidal increases our productivity and ROI on technology. It is robust with easy-to-maintain features that free our technology team to focus on value-added development. It scales, which fits well for a business with huge growth demand like ours."

The process from evaluation to deployment proceeded rapidly with Tidal Enterprise Scheduler. In one week with the help of a Tidal professional services consultant, OpHedge installed and configured Enterprise Scheduler. In just two months, OpHedge had migrated their production jobs into Tidal Enterprise Scheduler. The system has been in production since March of this year.

"We have helped many businesses become more efficient and better prepared to handle the operational challenges of growth and expansion," said Rod Butters, Senior Vice President of Worldwide Marketing at Tidal Software. "We look forward to OpHedge's continued success and are confident that Tidal's software will handle OpHedge's evolving 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. Many of the world's most advanced datacenters rely on Tidal's software, including those of Microsoft, HP, T-Mobile, Warner Brothers, Agilent. The privately held company is venture-funded by JPMorgan Partners, Novus Ventures and VantagePoint Venture Partners. For more information contact:

Tidal Software, Inc.
(650) 475-4600

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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