SOURCE: Tidal Software

January 31, 2007 12:42 ET

Tidal Software Announces Q2 Results, Continues to Outperform Market

Second Quarter Overall Revenue Growth of 35% Drives Continued Profitability

PALO ALTO, CA -- (MARKET WIRE) -- January 31, 2007 -- Capping fourteen consecutive quarters of profitability, Tidal Software, a leading provider of integrated application scheduling and performance management software, today announced its results for the second quarter of fiscal 2007, ending December 31, 2006. Total revenue was up 35% compared to the fiscal second quarter of the previous year. For the first half of the fiscal year, new license revenue was up 45% compared to the previous year, demonstrating the continued strength in demand for the integrated application scheduling and performance management suite of products.

In other highlights, revenue for professional services increased 36% compared to the same period last year as customers deployed their new solutions. Profitability and cash flow continued up from plan.

The company expects strong growth to continue throughout the year due to strength in its pipeline and bookings. Total bookings for the first half exceeded those of the previous year by 83%. The company anticipates accelerated investment throughout the second half of the year as the company continues to build its channels, services, and portfolio of products.

"Increasingly we find ourselves in a unique position of strength relative to our competitors," said Flint Brenton, CEO and President of Tidal Software. "None of our competitors has the integration of advanced automation and performance management technologies that our suite of products delivers for SOA and ERP applications. Customers are seeing the tremendous value in our ability to empower them with proactive performance management and deliver automation that makes IT management an integrated part of their business processes. The result is a very pragmatic and practical solution for the real time enterprise today."

Other highlights for the quarter included continued addition of new customers across diverse sectors. Key sectors for the quarter included financial services and trading applications with New York Board of Trade, Penson Worldwide, Omgeo LLC, Mizuho Securities USA, Amalgamated Bank, and Federal Home Loan Bank; energy with British Petroleum, Devon Energy, and Duke Energy Field Services; manufacturing with Yankee Candle Company, Armstrong World Services, Nordson Corporation, and Progress Rail. Other key wins for the quarter included Time Warner Cable, Smithfield Foods, and Telephone and Data Systems.

During Q2, the company continued to deliver new SOA performance management solutions with the introduction of Tidal® Intersperse 6.0. With this release, Tidal has delivered a new level of capabilities for management of SOA applications with the addition of end-to-end transaction tracing and composite SLA monitoring, all accessible through an intuitive user interface. This product helps customers tackle the challenges of operating composite SOA applications -- applications that combine the capabilities of packaged applications with Java and .NET into a complete business process. For the second half of the fiscal year, the company will be unveiling a series of new advances in job scheduling and application performance management demonstrating the increasing value of the integration of these technologies for managing SOA and ERP applications. The company also added two new board members who bring deep technical and business expertise that will guide the company through its expected next phase of growth. (See related announcement.)

About Tidal Software

Tidal Software is a leading provider of integrated application scheduling and performance management software that radically simplify IT operations by automating performance and process management. Tidal provides a unique comprehensive management solution that enables IT organizations to maximize the automation, visibility, and control they have in the operation of their systems, ultimately making applications such as SAP®, PeopleSoft®, and Oracle E-business Suite™, as well as composite solutions consisting of packaged applications and custom SOA-based components more efficient, productive, reliable, and secure, enabling them to return greater business value. Tidal has increased the efficiency of advanced datacenters for global enterprises such as General Mills, HP, ING Direct, Microsoft, T-Mobile, and Warner Brothers. The privately held company 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 the company's web site at

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.

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